Carbon Pulse

This is an exciting time to be working on International Climate Change policy! Would you like to join a team at the heart of the decision making in one of the Government's top priority areas? We are looking to recruit two Policy Advisers to join the International Energy and Climate Change branch of the Trade Policy Team within HM Treasury.

The Canadian environment ministry on Thursday released a shortlist of project types for development under the federal offset system, as it clarified several other aspects of its protocol work under the ‘backstop’ output-based pricing system (OBPS).

US biofuel credit prices (RINs) unwound some of their recent gains on Thursday after a news outlet reported the EPA will indefinitely delay publication of next year’s biofuel volumes under the Renewable Fuel Standard (RFS).

California Carbon Allowance (CCA) values stagnated below the WCI floor price on the secondary market this week, while RGGI allowances (RGA) rose to a 14-month high above the Emissions Containment Reserve (ECR) despite thin demand.

The Tamaulipas Congress passed an $11/tonne carbon tax this week that will take effect in 2021, continuing the growing trend of Mexican states installing CO2 levies in response to the federal government's energy policy.

EUAs recovered from an early drop to hold above €27 on Thursday, staying in touch with the previous session's 11-month high and shrugging off news of a supply injection over the rest of the year.

Japan is planning to close or mothball up to 100 coal-fired power plants, according to unconfirmed media reports Thursday, a move observers say could slash the nation’s CO2 emissions as much as 9%.

Genesis is looking for a trader for the team managing electricity derivatives, carbon obligations, and fuel hedges.

Australia has made it easier for plantation forests in high rainfall areas across five regional hubs to register as offset schemes and earn carbon credits under the Carbon Farming Initiative.

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

Ozone-depleting substance (ODS) destruction projects that contain any amount of California-based product would be deemed to provide direct environmental benefits to the state (DEBs) under the state's compliance offset programme, an official confirmed to Carbon Pulse.

Extending the EU ETS to include transport and buildings, or creating a separate carbon market for the two sectors, will not deliver the required emissions reductions, a report released on Wednesday found.

The EU will this month begin its delayed CO2 allowance sales to fund the bloc’s Innovation Fund, the European Commission announced late Wednesday, adding a further 50 million EUAs to the 2020 auction calendar, which was also revised to reflect MSR-linked supply changes.

European carbon prices rocketed to their highest in 11 months on Wednesday, as traders said unabated buying by unidentified speculators continues in the face of bearish fundamentals, low liquidity, and a general lack of compliance player participation.

A New York-based energy retailer opened a CO2 Allowance Tracking System (COATS) account in the Northeast US RGGI carbon market this week, marking the fifth new account in the programme this year, according to public data.

Jamaica has increased the ambition of its GHG reduction commitment in a new economy-wide Paris Agreement NDC, while also signalling that it may use market mechanisms for either its own targets or to assist other countries.

Australia has amassed a total 430 million surplus Kyoto Protocol units, the government said Wednesday as the nation’s commitments under the treaty ended June 30, more than sufficient to prop up any shortfall in meeting its Paris Agreement targets.

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

Offset credits with direct environmental benefits to the state (DEBs) may be undersupplied in the post-2020 period and lead to tighter discounts to allowance prices depending on regulator ARB’s final classification, according to a new analysis published Tuesday.

The ICAO Council on Tuesday agreed to omit 2020 from the carbon neutral growth baseline during the international aviation offset programme CORSIA’s first three years, while leaving the door open for the UN body’s Assembly to make that change for the entire 15-year duration of the global climate policy.