Carbon Pulse

A spat about the ETS has played a part in EU energy ministers failing to adopt a united line on the energy sector's response to the COVID-19 pandemic, Carbon Pulse has learnt.

A San Diego County provision for rural housing developments to utilise out-of-jurisdiction carbon credits violates the California Environmental Quality Act (CEAQ) because it lacks stringent language on additionality and environmental integrity, California judges ruled Friday in support of a lower court ruling.

The California legislature on Monday faces a crucial vote on a revised budget provision directing regulator ARB to conduct a rulemaking on the WCI-linked cap-and-trade programme by next year.

EUAs fell to their lowest in almost two weeks early on Monday, dropping below €22 amid wider fears that a second wave of COVID-19 cases will weigh on global recovery prospects.

Switzerland has cancelled its second straight carbon allowance auction due to low demand, the government announced Monday.

Thermal power generation in China rose sharply last month, according to official data, indicating a rapid rebound in CO2 emission levels as the world’s second-biggest economy strives to get back on track.

Long seen as a shortcut for corporate climate action, offsetting is aiming for a major credibility boost this year in a process that could transform the voluntary and compliance carbon markets.

Climate Bridge is seeking a Nature Based Solution analyst to work with our consulting team to develop forest-based carbon sequestration projects in China register under the VCS + CCB Standard, GS or CCER Standards.

BASF is looking for a manager to create and implement procurement strategies for renewable electricity in Asia, including negotiating contracts for renewable energy and carbon emission certificate purchases.

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

The first ever transaction in a new type of Brazilian carbon credit has been completed, with a conference company buying 100 units from a biofuel producer under the country’s renewable fuels market.

The purpose of this role is to successfully lead the delivery of key programmes to clients in the Financial and CRE sector, and develop our products and services to drive growth in the finance sector.

WCI regulated parties cut their California Carbon Allowance (CCA) holdings for the second consecutive week, while speculators’ held their net long position flat, according to US Commodity Futures Trading Commission (CFTC) data released Friday.

California lawmakers are expected to decide Monday whether to advance a budget bill that would require regulator ARB to complete a carbon market rulemaking next year, though numerous business groups continued to vociferously oppose the idea.

EU parliamentarians are divided across party and national lines over by how much to raise the bloc's 2030 emissions reduction goal, while lawmakers from mostly eastern member states want more funding for their home nations via ETS-financed schemes.

The EIB, the European Union's bank, is seeking to recruit for its Projects Directorate (PJ) – Safeguards & Quality Management Department (SQM) - Environment, Climate & Social Office Division (ECSO) at its headquarters in Luxembourg, a (Associate) Climate Change Adaptation Specialist.

A pair of California-based livestock offset projects are seeking eligibility under the state’s Low Carbon Fuel Standard (LCFS), with the applicants vying for the transportation sector programme’s electricity pathway rather than renewable natural gas (RNG), according to public filings.

E3G is looking for an experienced practitioner to lead E3G’s European work within its political economy and governance cluster. The role will be central to shaping our engagement across the EU institutions and key Member States. The role can be based in either E3G’s Brussels or Berlin offices.

The Multilateral Governance Officer, reporting to the Multilateral Governance Manager, is responsible for supporting work related to the GCF engagement and response to the UNFCCC, UN multilateral governance processes and their synergies with the UNFCCC, and climate finance initiatives and their complementarity with GCF.

Ember is expanding our work in Europe and internationally. This role is for a new team member to support our European power sector analysts - who are working to achieve a coal phase-out in Europe by 2030, transition to a renewables-based electricity system and avoid false solutions such as fossil gas and high-carbon biomass.