Carbon Pulse

Ocean Conservancy’s climate program is expanding. The senior manager will help build, shape, and execute its work, which will include creating and implementing climate and ocean-climate initiatives and increasing demand for action.

At South Pole, a leading climate solutions company, we are very excited to announce that we are looking for a Head of Green Products. This person should be an inspiring and passionate thought leader to unleash the full power of our existing Green Products team and continue to build on our market successes for the years ahead.

You will manage our Portfolio Management team and will be responsible for overseeing and developing business for the sales of carbon credit for the voluntary market. You will work in coordination with our Projects and Marketing teams to draft proposals in order to meet Corporate Social Responsibilities (CSR) needs.

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

A bulk of the Q1 WCI auction volume remained in entities' general accounts amid uncertainty in the secondary market, while regulated parties continued to deposit allowances into compliance accounts for future obligations, according to the California-Quebec programme's Compliance Instrument Tracking Service System (CITSS) report released on Friday.

Speculators pared back their California Carbon Allowance (CCA) position for a third straight week, as compliance entities also saw their holdings decrease amid the March contract expiry date, US Commodity Futures Trading Commission (CFTC) data showed Friday.

EU member states and the UK handed out more than 54 million additional free carbon allowances to industrial emitters over the past two weeks, according to updated data released late Friday by the European Commission.

California Carbon Allowance (CCA) cratered to $12.00 on Friday morning after an additional sell off, though bargain hunters quickly brought values back close to the previous day’s settlement.

Washington’s Puget Sound Clean Air Agency (PSCAA) will halt approval of a low-carbon fuel standard (LCFS) for the greater Seattle area, with the potential of reevaluating the draft clean fuels programme in the future, the regional body announced Thursday.

EUAs jumped further above €18 on Friday and were poised for a huge weekly gain amid spiking oil prices.

After cratering due to COVID-19 over the past few weeks, EU carbon prices have now stabilised and are trading at levels representative of decreased emissions demand caused by the crisis, an analyst said, estimating that figure to be around 80-100 million tonnes.

Closing prices, ranges and volumes for China's regional pilot carbon markets this week.

Australia’s Clean Energy Regulator this week issued almost 710,000 new carbon credits, a big increase from recent weeks despite agency staff mostly working from home due to the COVID-19 outbreak.

South Korean CO2 prices have not budged during the coronavirus crisis, with allowances consistently trading above 40,000 won ($32.46) despite a worsening economic outlook.

Airlines are urging governments to alter the UN's international CORSIA aviation offsetting mechanism to account for the drastic cut in flights due to the coronavirus, changes that would likely greatly reduce offset demand.

The coronavirus crisis is introducing a number of problems for South Africa and its new carbon tax, including preventing emitters from registering to pay it, experts say.

Australia’s Clean Energy Regulator paid a record A$16.10/t in the latest Emissions Reduction Fund (ERF) auction, but volumes remained low and most of it was signed as optional contracts.

Prior to the onslaught of COVID-19, a quick scan of the news each day would reveal that climate change is on the minds of customers and corporates worldwide.  Warmer winters with rain where there was once snow, colder weather anomalies due to destabilization of the polar vortex, and summers punctuated by raging fires in both hemispheres make the topic impossible to ignore.  And, while new regulatory regimes are cropping up across the globe, voluntary action is on the rise.

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

The position involves research and advocacy in the following areas: - New market approaches to international co-operation (Article 6 of the Paris Agreement). - Enhancement of Nationally Determined Contributions in line with the goal of limiting warming to 1.5 C.