Carbon Pulse

Australia’s Queensland could earn some 5 million carbon credits by reinstating tidal exchange in some 90,000 hectares throughout the Great Barrier Reef catchments, a study has found.

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

The latest proposal for a seven-year EU budget and recovery from the coronavirus crisis, currently being negotiated by member state leaders, may see funding for coal-dependent regions under the bloc’s Just Transition Fund slashed to under €20 billion, Carbon Pulse has learned.

The Senior Manager, State Policy position focuses on state-level climate, clean energy and clean transportation policy in the Midwest. This position is designed for a highly motivated, self-starter with prior policy experience looking to be an advocate for strong and effective state climate, clean energy, and clean transportation policies.

California offset buyers may become more choosy as a spate of non-compliance violations has drawn closer attention to the different ways that registries screen their projects.

As part of our Sustainability Markets program, this position will design market-based solutions in carbon, water, waste, and ecosystems and will establish partnerships to support underfunded climate solutions. This position requires extensive cross-group coordination, strong financial acumen, a deep understanding of carbon markets and climate finance, excellent communication skills, and the ability to develop compelling data-driven insights and cross-industry initiatives.

The Associate will apply their physical science background to duties that focus substantially on data synthesis, development and implementation of project monitoring plans, quantification of credit volume, and compilation of technical reports and documentary evidence to demonstrate project compliance with the program requirements.

European carbon reversed Friday’s gains to start the week, tumbling to a three-week low as buyers struggles to absorb an increase in supply and sellers kept the pressure on prices.

California electricity sector emissions rebounded in May after slipping to a monthly low in April during the state's coronavirus shutdown, data from the state’s main power grid showed.

Oil major BP is set to make a multi-million-dollar investment in a Maine voluntary offset initiative in partnership with a US-based forestry developer.

New Zealand’s leading farming industry group has backed a proposal by the Labour party to impose restrictions on which types of land can earn carbon allowances by planting forests, but says that’s not enough to stave off what it says is a threat to farmland by the nation’s emissions trading scheme.

EU carbon prices could average €36 over the next decade under a scenario where Europe avoids a second wave of COVID-19 and the MSR’s current injection rate is maintained, BloombergNEF (BNEF) analysts have predicted.

The price of EUAs topped €30 on July 13, the highest since 2006. At that point, EUAs had risen by over 60% since May 12, and had almost doubled compared to their March lows. The rally has prompted the discussion around additional stability mechanisms. Analysts at BloombergNEF discussed the concept of a carbon price floor after EUAs declined almost 40% in March. This time, the price spike has raised the question of the need for a carbon price ceiling.

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

Compliance entities slightly increased their California Carbon Allowance (CCA) holdings this week as prices inched up on the secondary market, while speculators once again made few alterations, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

A federal judge on Friday ruled California’s cap-and-trade linkage with Quebec does not violate the US Constitution’s Foreign Affairs Doctrine, settling all four challenges filed by President Donald Trump’s administration.

EUAs lifted above €27 on Friday, clawing back more than half of the previous session's near-8% crash as a stronger auction outcome boosted confidence that this week's move to €30 was more than a speculative bubble.

Poland is resisting renewed pressure from other EU nations to commit to a bloc-wide 2050 net zero emissions target, with the issue snagging EU budget talks on Friday.

Verra is looking for a Senior Program Manager to manage 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).

Verra is looking for a Program Director to oversee the strategy, direction and evolution of 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).