Carbon Pulse

The Senior Manager, Greenhouse Gas Accounting Strategies brings technical expertise on greenhouse gas (GHG) accounting to Conservation International and our work with companies. They are sought as an institutional expert, providing critical analysis, raising organizational capacity, and representing the organization externally in related fora.

We have a unique opportunity for a head of sales to join a young and progressive company based in Greenwich, London. Redshaw Advisors is an award-winning company that helps businesses, governments and investors around the world to understand and manage their exposure to Environmental Markets.

California Carbon Allowance (CCA) prices roofed to a fresh all-time high above $32 on Monday, while RGGI Allowances (RGAs) briefly plummeted beneath the $12 mark on potential bearish implications of Virginia’s Tuesday election and lower natural gas prices.

The US and the EU on Sunday agreed to end Trump-era tariffs on steel and aluminium and vowed to work towards a broader global arrangement that would penalise countries that don’t meet low-carbon targets.

Voluntary emissions reduction (VER) prices neared or reached the $10 mark on standardised, exchange-traded nature-based offset contracts this week, as traders reported booming demand across the entirety of the voluntary carbon market (VCM).

Third quarter CO2 output under the Northeast and Mid-Atlantic RGGI programme stayed just below levels from 2020 when factoring out new entrant Virginia, though year-to-date emissions still overshot estimated compliance holdings in the power sector cap-and-trade market.

Switzerland's second ever aviation carbon allowance auction has cleared at an all-time high.

Carbon followed rising gas prices in Monday morning trade as traders reacted to news that natural gas flows from Russia via Poland had stopped.

The long awaited, already once postponed COP26 UN climate talks have finally gotten underway in Glasgow. In our daily running blog, Carbon Pulse will report updates as they happen.

Singapore-based carbon exchange Climate Impact X (CIX) on Monday auctioned off a portfolio of 170,000 nature-based carbon credits as a test run ahead of a full launch of regular such sales next year.

UK carbon capture start up firm Carbon Clean has been appointed by global building materials manufacturer Cemex to work on a FEED study for carbon capture at an industrial site in Germany, it was announced by the company on Monday.

Australia on Monday published legislation outlining a financial framework for its planned Indo-Pacific carbon market, after agreeing with Indonesia over the weekend to work together on offsets.

Oil major BP has hired a veteran project originator and carbon trader to lead its carbon trading operations in China after losing most of its regional team to Glencore earlier this year.

Australia has become the world’s first nation to officially approve a carbon capture and storage project to generate carbon credits.

New Zealand has for the first time released company-level carbon data for participants in its emissions trading scheme.

Fortescue Future Industries (FFI), the clean energy subsidiary of Australian mining giant Fortescue Metals Group (FMG), has signed a major green hydrogen supply deal with UK construction firm JCB and supply firm Ryze Hydrogen, it announced.

New Zealand on Sunday released an updated NDC ahead of COP26, promising to cut an extra 52 MtCO2e in the years to 2030 with the additional emissions reductions likely to be met largely through the international carbon market.

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

As delegates descend on Glasgow next week to attempt to finalise the Paris Agreement’s Article 6, the absence of one long-time carbon markets negotiator who died tragically earlier this year from COVID-19 will weigh heavily on their work.

Regulated entities saw their California Carbon Allowance (CCA) net short position nearly halve this week amid reported exchange-for-physical deals, while financial entities saw their net length jump close to an all-time high, according to US Commodity Futures Trading Commission (CFTC) data published Friday.