Carbon Pulse

Carbon credit deliveries to the Australian government’s Emissions Reduction Fund (ERF) ballooned to more than 1.35 million over the past fortnight as developers Terra Carbon and LMS Energy made major deliveries, while the Clean Energy Regulator this week issued over 430,000 new offsets.

The Senior Manager will play a lead role on a growing team, helping to shape EDF’s vision for federal climate policy to advocate and build support for in the lead-up to a new Administration and Congress in 2021.

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

Oregon’s Democrat leaders closed the legislative term on Thursday after the Republican minority fled the capitol to protest a WCI-modelled cap-and-trade bill, but Governor Kate Brown (D) is now finalising executive action to enact climate policy.

California Carbon Allowance (CCA) prices regressed this week after the Q1 WCI auction bucked previous trends to settle above the secondary market level, while RGGI Allowances (RGAs) dropped ahead of the Northeast US carbon market's first sale of 2020.

EU nations unanimously adopted the bloc’s long-term strategy on Thursday, with even often-reluctant Poland on board with the pathway for an EU-wide 2050 climate neutrality goal.

Manitoba will impose a fixed-price CO2 levy and output-based pricing system (OBPS) for large stationary sources starting on July 1, changing direction after the Canadian province previously ditched that plan and in turn rejecting the federal government’s rising carbon price mandate.

A Polish pitch to eliminate free carbon allowance allocations for aircraft operators failed to muster majority support at a meeting of EU environment ministers Thursday, but backers are optimistic the idea found enough backers to help it make its way into formal ETS reform proposals next year.

Germany will fall short of reaching its 2030 emissions reduction target via the wide-reaching climate package unveiled last year, according to a government-commissioned analysis released Thursday.

EUAs lifted slightly to straddle €24 early on Thursday, even as stock markets resumed falls following government stimulus measures aimed at cushioning the economic fallout from tackling the coronavirus. 

A group of companies and organisations in China’s Guangdong province has launched an ‘ecological compensation’ offset standard, one of the first initiatives to target Chinese voluntary buyers.

South Korea’s ETS will face a bigger shortage than previously thought ahead of the 2019 compliance season, but will also see a larger excess of allowances for 2020 compared to previous estimates, analysts said Thursday.

Border carbon adjustments will become necessary and inevitable as the world advances toward decarbonisation, a group of academics told UK lawmakers on Wednesday, highlighting that implementing these divisive policies could give Britain a post-Brexit competitive advantage.

SEI US (Seattle) is seeking a passionate early- to mid-career researcher to contribute to SEI’s work on emerging topics in climate policy, which could include, among others, low-carbon cities, carbon pricing, energy and development, just transitions, and the economics or politics of oil, gas, and coal extraction.

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

The US Department of Justice’s (DOJ) Constitutionally-based arguments against the California-Quebec carbon market linkage would vastly expand the government’s authority while presenting little legal precedent to do so, state officials wrote this week.

The fourth sale held by the World Bank’s Pilot Auction Facility (PAF) resulted in the procurement of 4.2 million tonnes of methane offsets, the bank announced Wednesday.

EUAs rose on Wednesday after the first UK auction for over a year cleared above market, inspiring bullish sentiment even as financial markets continue to weigh the severity of the Covid-19 coronavirus outbreak.

California fuel consumption sagged further below the previous year’s total as diesel demand declined in November, likely cutting ETS-covered emissions compared to 2018, state data published this week suggested.

US biofuel credit (RIN) values continued to retrace on Wednesday as EPA Administrator Andrew Wheeler said the agency was looking at strategies to limit price volatility under the Renewable Fuel Standard (RFS).