Carbon Pulse

The European Roundtable on Climate Change and Sustainable Transition in Brussels is seeking a policy intern to work for 9 months starting in as soon as possible, possibly extendible beyond this period as a Researcher.

Working with the Reserve’s Policy Team, the successful candidate will be responsible for maintaining and updating existing protocols and supporting or leading the development of new protocols.

The Vice President for Policy is a key executive management position at the Climate Action Reserve and is responsible for overseeing the development of new and the maintenance of existing greenhouse gas reduction methodologies (including offset protocols and ex ante Climate Forward methodologies), managing the Reserve’s consulting and advisory services program, and providing strategic advice and guidance to support the Reserve’s existing and new initiatives.

The US Department of Justice (DOJ) on Monday secured its request for more time to consider an appeal on a court ruling that may restrict the EPA’s use of compliance waivers under the Renewable Fuel Standard (RFS) going forward.

South Korean CO2 prices remain largely unscathed from the twin economic troubles of the coronavirus and Monday’s oil price crash, as the spot-focused market remains slow in reacting to short-term economic signals.

S&P Dow Jones Indices on Monday launched an index to track EU carbon allowance prices, it said in a press release.

New Zealand carbon allowances fell into the NZ$25s for the first time this year as arbitrage opportunities from the fixed price option and forestry export losses maintained downward pressure.

European carbon prices are poised to tumble below €23 to their lowest in at least six months on Monday, traders said, as crude oil crashed and wider financial markets plummeted Sunday night.

Expanded carbon pricing could ensure the UK meets its net zero 2050 emission target while leaving poorer households better off, according to two linked reports published Monday.

Global power sector emissions and coal-fired power generation saw the biggest falls in 2019 since 1990, though maintaining such a trend to limit global warming to 1.5C will be "extremely difficult, a report found on Monday.

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

EU member states and the UK have distributed more than 70% of the allowances earmarked for free allocation to industrial emitters this year, according to data released late Friday by the European Commission, with three governments having not yet started the annual process.

The Alberta United Conservative Party (UCP) government will increase the carbon charge under the Technology Innovation and Emission Reduction (TIER) regime to C$50/tonne by 2022 in line with Ottawa’s backstop CO2 pricing requirement, a shift from the Canadian province’s previous approach.

Demand from emitters in Germany’s weekly auctions dropped to a 10-month low in January, a government report shows.

A summary of legislative and regulatory action on carbon pricing and clean energy at the US subnational and federal level this week, including developments in Washington, New York, and Hawaii.

A ruling in favour of the Trump administration’s challenge of the California-Quebec ETS linkage could endanger the status of countless US state compacts, including the RGGI power sector carbon market, if the case arrives at the Supreme Court, legal experts said.

Virginia Democrats agreed final revisions to legislation to allow the state to implement its RGGI-modelled carbon market regulation with state-run allowance auctions, putting it on the path to final approval.

EUAs slipped further below €24 early on Friday but were poised to stay relatively flat this week, even as the spreading COVID-19 coronavirus roils wider markets amid fears it could cause a lengthy economic slowdown.

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

NZUs closed at NZ$26 for the third straight day on Friday, but with a NZ$25 floor price still in play and the economy braced for coronavirus impact, market participants see potential downside ahead.