Carbon Pulse

Carbon continued to consolidate its recent gains on Thursday morning, reaching a new four-week high amid largely steady energy markets.

South Korea on Thursday released three options for a 2050 net zero strategy, all relying heavily on cutting emissions from coal and LNG, but just one that would achieve net zero through domestic efforts.

Canada, the EU, and the UK are strongly positioned to develop leading positions on clean hydrogen as they are the only places expected to have strong enough carbon pricing through 2030, analysts said in a report on Thursday.

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The top holder of California Low Carbon Fuel Standard (LCFS) credits reduced its share of the bank once again during the six-month period ending in Q1 2021, continuing a persistent trend over the past several years, recent data showed. 

An increasing number of Eastern EU nations are accelerating their plans to shut down coal-fired power plants, amid rising costs of burning the fuel and financial support to recover from the coronavirus crisis.

Organization: European Climate Foundation Position: Senior Associate, Clean Energy Duty Station: Flexible Deadline for Application: 16 August 2021

The Virginia State Corporation Commission (SCC) is slated to make a decision as early as this week on whether Dominion Energy can recover $167.8 million from ratepayers for RGGI-related compliance costs, an agency spokesperson told Carbon Pulse.

Quebec’s environment ministry released a draft forestry protocol for private lands on Wednesday that allows for aggregation of several sites, enables early action projects to earn compliance-grade credits, and omits California’s 100-year permanence requirement.

Exciting opportunity to play a meaningful role in the development, establishment and implementation of the new UK Emissions Trading Scheme (UK ETS).

Utility Uniper is to close one of the four units at its Ratcliffe UK coal power plant at the end of September 2022, the company said on Wednesday, two years ahead of the site's full shutdown.

Australia’s Clean Energy Regulator has terminated a contract with a project meant to deliver 2.4 MtCO2e worth of carbon cuts to the government’s Emissions Reduction Fund, pushing the delivery failure of the fund back up towards 10%.

EUAs rose to their highest in three weeks early on Wednesday, testing key technical resistance levels after a strong auction result, as energy markets erased the previous day's losses.

New Zealand’s beef and lamb lobby on Wednesday called on the government to place a limit on the amount of carbon allowances from forestry can be used in the emissions trading scheme, as a report showed almost 100,000 hectares of farm land had been converted to forests since 2017.

A leading carbon analyst has raised his forecast for EUA prices over the three years to 2024 by an average of 40%, amid a “high chance” that the EU will enact its ambitious EU ETS reform package.

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Investment vehicle Carbon Streaming Corporation on Tuesday announced it has entered into a long-term offtake agreement with the Rimba Raya REDD project in Indonesia, paying at the high end for carbon credits from reduced deforestation as the fund seeks to add hundreds of millions of offsets to its portfolio in the coming years.

Germany's Green Party has pledged to grant veto rights to the environment ministry and increase the country's national carbon price for vehicles and buildings, according to a party manifesto released Tuesday ahead of a federal election in late September.

RGGI’s upcoming programme review may not delve into modelling and analysis until early next year as the 11-state carbon scheme awaits Pennsylvania’s entrance in 2022, while officials are also working to bolster its outreach to environmental justice groups.