Carbon Pulse

British Columbia will push back the scheduled increase of its C$40/tonne carbon levy by another six months in order to assist COVID-19 economic recovery efforts, the provincial government announced Wednesday.

Several dozen financial entities, large corporate emitters, and offset standards and retailers on Wednesday unveiled a taskforce to build consensus on how to best grow the voluntary carbon market in the face of higher credit demand and to meet Paris Agreement climate goals.

Virginia utilities must submit documentation by next month to begin the process of registering in RGGI's CO2 Allowance Tracking System (COATS), but it is unclear when these compliance entities may formally join the cap-and-trade registry.

Some 43 out of 52 EU ETS-covered industries are likely to face the maximum possible tightening of their free allocation benchmarks over the next five years, according to a European Commission draft seen by Carbon Pulse that matches officials’ prior expectations.

In-state hydroelectric power displaced California natural gas generation throughout 2019 and reduced imports, likely leading to significant cuts to the electricity sector’s cap-and-trade obligations, according to data released this week.

EUAs were propelled back above €28 early on Wednesday as the market comfortably absorbed the biggest auction in over a month, spurring confidence among bulls.

Mining firm BHP Billiton has signed a five-year renewable energy purchase agreement with power firm CleanCo to supply its Queensland mines, aiming to cutting CO2 emissions from those sites in half.

A daily summary of our news plus bite-sized updates from around the world.

The successful candidate will work as part of an experienced team, under the direction of the Air Resources Supervisor I, utilizing technical skills and scientific concepts to perform APS duties that include review, evaluation, and development of emissions calculation, reporting, and verification methods for use in a GHG reporting and verification program.

Voluntary carbon offset prices are steady this year as demand largely keeps up, but the COVID-19 pandemic’s disproportionate impact on international air travel and changes to the global aviation offset mechanism CORSIA are exerting bearish pressure, a project developer said Tuesday.

RGGI market participants largely anticipate the September auction will settle underneath the secondary market, although aggressive compliance buying could potentially see the quarterly sale eclipse current price levels.

The Center for Clean Air Policy (CCAP) has an opening for a graduate-level, policy intern based in Washington, D.C or remote.

The Center for Clean Air Policy (CCAP) has an opening for a graduate-level, policy intern based in Washington, D.C. 

CCAP is seeking a proactive, creative policy thinker with outstanding analytic ability capable of leading and innovating the organization’s carbon markets program.

An more ambitious EU 2030 GHG reduction target makes sense amid the coronavirus crisis and is due to be proposed by the European Commission within weeks, the EU executive’s climate chief Frans Timmermans said on Tuesday, as lawmakers struggle to agree on how much higher the goal should be.

The Climate Change Program Evaluation Branch of the Industrial Strategies Division has a position available for a motivated Air Pollution Specialist to conduct a variety of activities related to development, implementation, and analysis of the California Air Resources Board’s greenhouse gas (GHG) emissions reductions programs, and principally California’s Cap-and-Trade Program (Program).

California regulator ARB voided nearly a third of the offsets from a Wisconsin-based livestock project under review on Tuesday after concluding the dairy digester was not in regulatory compliance.

Verra is looking for a South Africa Manager to manage and promote Verra’s programs in South Africa including the Verified Carbon Standard (VCS) Program, the Jurisdictional and Nested REDD+ framework (JNR), the Climate, Community & Biodiversity (CCB) Standards and the Sustainable Development Verified Impact Standard (SD VISta).

Verra is creating the new role of  Chief Policy and Markets Officer for an exceptional individual to lead policy engagement and strategic responses to emerging and evolving market opportunities for Verra’s programs, including the Verified Carbon Standard (VCS) Program, the Jurisdictional and Nested REDD+ framework (JNR), the Climate, Community & Biodiversity (CCB) Standards and the Sustainable Development Verified Impact Standard (SD VISta).

CWP Energy is active in all North American physical & financial electricity markets since 2012. Backed by a team of renewable energy specialists, our business is underpinned by robust risk management, market experience and analytical capability.