Carbon Pulse

The UK government could need to continue auctioning EU carbon allowances even after it leaves the bloc and its emissions trading scheme, Carbon Pulse has learned.

New Zealand carbon allowances rose 1.3% in Wednesday trade to climb back above the NZ$32 mark as potential sellers are happy to hold on to their supply, forcing buyers to push higher.

Australia’s proposal to issue carbon credits to big industrial emitters that beat their baselines under the Safeguard Mechanism raises deep concerns about the potential market impact, and should only be considered under certain strict conditions, according to the country’s leading carbon industry group.

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

A New York-based firm will launch a hedge fund next month aimed at capitalising on the societal shift to a low-carbon economy, with 40% of its investment aimed at purchasing emissions allowances, according to media reports.

Carbon Pulse has further expanded its roster of reporters, hiring a new Brussels-based correspondent to enhance the company’s news coverage and data analysis during a crucial period for both EU climate policy and the continent’s energy markets. Arjun Patel takes up the role of EU Carbon and Energy Markets Correspondent, helping to bolster Carbon Pulse’s […]

Presumptive US Democratic presidential nominee Joe Biden unveiled a new climate plan on Tuesday that incorporates a market-based Clean Energy Standard and shortens the timeline for the US power sector to hit net-zero emissions compared to recent legislative proposals.

The purpose of Project Manager is to ensure the successful delivery of the ETS CCRA 2020 Update project to ensure successful initiation, execution and transition to Business as Usual (BAU). This includes ensuring the successful delivery of the required system, policy, and process changes as a result of the changes to the ETS legislation.

Reporting to the Managing Director, Commercial (MDC), this Vice President (VP) position is a critical role. About 50% of the role will be focused on business development, in support of our primary objective of creating strong demand for TREES credits. 

The MDC’s primary responsibility will be on Emergent’s business development strategy and execution.  This includes shaping the go-to-market strategy, leading relationship development and negotiating sales of carbon credits both direct and through channel partnerships.

Buyers are pushing up EU carbon prices at a rapid pace because they expect the 27-nation bloc to deliver a higher climate target for 2030, Germany’s environment minister said on Tuesday.

EUAs sank below €29 on Tuesday, extending weakness from the previous session's late sell-off after its first move above €30 for 14 years.

California’s ETS floor price is on track to climb by more than 5% in 2021 after year-on-year inflation rebounded in June following a collapse during the height of the COVID-19 pandemic, according to federal data released Tuesday.

South Korea on Tuesday on Tuesday outlined the basics of its $60 billion Green New Deal, but the plan said nothing about a net zero emissions target or a carbon tax, both of which the ruling party had flagged ahead of the April parliamentary elections.

Tianjin has become the first of China’s regional pilot carbon markets to officially confirm it will continue to operate after 2020.

The price for Australian carbon credits is likely to edge up the next couple of years but is set to slump to an all-time low by the end of the decade unless the government tightens its climate policies, analysts said Tuesday.

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

Position: Carbon Pricing and Climate Policy Consultant Duty Station: Amsterdam or Rotterdam, Netherlands Deadline for Application: 20 July 2020

California electricity use is returning to pre-coronavirus levels as travel restrictions ease and temperatures rise, with natural gas and imports making up a larger share of the grid than they did in 2019, according to California Independent System Operator (CAISO) data.

The Brazilian government’s move to slash the credit targets for the country’s RenovaBio programme has split stakeholders, with sugarcane producers and allied lawmakers pushing back on the cut and large obligated parties calling for further relief, according to public comments.