Carbon Pulse

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

Organization: Sandbag Position: Market and policy analyst Duty Station: Brussels or Paris or home-based Deadline for Application: 28 November 2021

The Vice President for Policy is a key executive management position at the Climate Action Reserve and is responsible for overseeing the development of new greenhouse gas offset protocols and Climate Forward methodologies, maintaining existing protocols and methodologies to meet changing market conditions, managing the Reserve’s consulting and advisory services program, and providing strategic advice and guidance to support the Reserve’s existing and new initiatives.

Trading house Vitol has signed a memorandum of understanding with Tanzania-focused gas producer Wentworth Resources to develop a portfolio of “community focused” carbon credits in the country through 2030.

Electricity sector CO2 emissions under the California Independent System Operator (CAISO) receded to a three-year low in September as fossil gas power reduced and imports rose, according to data published Friday.

Efforts to develop REDD+ forest protection carbon credits in the Paris Agreement era risk a long road ahead, as divisive views marked the Glasgow COP26 climate summit.

Verra is looking for a Manager, Forest Carbon Innovations, to lead our technical work in supporting forest-related activities that generate climate and other environmental and social benefits.

The Market Analyst - Low Carbon role resides within the Trading Analytics & Insights function of bp’s Trading & Shipping business. This role is responsible for the development of analytical capability and generation of commercial insights for the Low Carbon Trading and wider bp business with a range of focus areas including analysis of carbon markets, sectoral decarbonization and the energy transition of corporates as well as countries.

Taking Root is looking for a forest carbon researcher in the beginning or middle of their career to forest carbon quantification approach.

Speculators cut their net length in California Carbon Allowance (CCAs) this week to the lowest level in five months, while compliance entities kept their positions mostly steady as the November WCI sale approached, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

French oil major TotalEnergies announced Friday that it has signed an agreement with the Suriname government to support its efforts to reduce GHG emissions by preserving the country’s forests, in exchange for carbon credits.

US Democrats’ $1.9 trillion Build Back Better (BBB) package passed the House of Representatives Friday, but the budget legislation excluded clean power programmes that were also noticeably absent from a statement following the North American leaders’ summit.

Brussels is considering setting an EU goal to permanently remove 5 MtCO2 a year from the atmosphere by 2030 as part of a wider strategy to develop carbon removals solutions, according to a leaked draft of a European Commission document.

California Low Carbon Fuel Standard (LCFS) prices dug new multi-year lows this week as traders said credit generators persisted on the offer and compliance entities were uninterested in bidding.

California gasoline usage inched up in August and narrowed closer towards pre-pandemic levels, as diesel consumption also increased slightly, according to state data published this week.

Abatable is seeking a Structured Finance & Procurement Analyst to help source, screen, plan and manage GHG removal and reduction offsetting projects, in close collaboration with Abatable’s co-founders to ensure effective delivery of projects.

EUAs slipped back after reaching a fifth successive record on Friday as gas and power prices dropped, while sentiment weakened as more EU countries reimposed social restrictions amid a surge in new cases of COVID-19.

EU proposals for a new ETS for buildings and transport risk sparking a new wave of populism and further breaking up the bloc's political landscape, experts warned this week as lawmakers get to grips with the plans.

Trading activity in China’s carbon market rose in the past week as an increasing amount of compliance entities chased offset credits in order to be able to hold on to their allowances for use in future years, though prices remained fairly stable.

Indonesia, which will introduce a hybrid ETS and carbon tax next year, will not allow any cross-border carbon trading to occur until the country meets its greenhouse gas emissions targets, Finance Minister Sri Mulyani Indrawati said on Friday.