Carbon Pulse

Voluntary emissions reduction (VER) values increased this week amid reluctant sellers and a wider bullish trend in global carbon, while traders said voluntary carbon market (VCM) buyers continued to procure small volumes of compliance-grade credits generated through the California cap-and-trade programme.

A new non-profit organisation is aiming to reduce carbon emissions by investing in North American cap-and-trade programmes, with allowance revenues funnelled back into commercialising CO2 removal technologies.

California fuel consumption dropped year-on-year for the second consecutive month in February as the ongoing COVID-19 pandemic continued to cause a slump in Golden State demand, according to state data released Monday.

The Oregon Clean Fuels Program (OCFP) recorded a modest credit build during the final quarter of 2020 after registering a deficit in Q3, with renewable diesel (RD) and electric vehicles helping lead the rebound, new state data showed.

A Swiss non-profit has developed a method for standardising climate neutral commodity transactions, including setting vintage limits for the seven eligible offset standards.

EUAs lifted by more than a euro on Monday in quiet holiday trade, consolidating last week's volatile rebound as observers expected more sedate activity this week despite their overall bullish sentiment.

Australia’s Clean Energy Regulator has minted more than 1.1 million new carbon credits in its latest issuance round that included awarding nearly 500,000 to one energy company, while a much-awaited new draft version of an updated soil carbon method has been released for comments.

The Carbon Programs Manager is responsible for managing project teams, budgets, contracts and schedules to meet CO2 Australia’s contractual obligations.

The Low Carbon Trader will trade carbon emission credits & associated environmental products within the Low Carbon Trading (LCT) Team and will be integral to the success of bp’s low carbon energy transition.

China is looking to bring two more sectors into its national emissions trading scheme from next year, according to the chairman of the carbon exchange in Shanghai.

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

Speculators’ California Carbon Allowance (CCA) length surged to near record levels over the past week as prices jumped on the secondary market, while emitters cut their carbon permit holdings just before the Q2 WCI sale, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

The 27-nation EU’s leaders will meet next week to discuss national emissions reduction targets for sectors not covered by the bloc’s carbon market, with the closed-door debate set to highlight divisions among member states ahead of major policy proposals coming in July.

EU carbon prices on Friday failed to extend their rebound from Wednesday’s two-week low, with sellers re-emerging as UKA prices went in the opposite direction to hit a new record high.

A summary of legislative and regulatory action on carbon pricing, clean fuel standards, and clean energy at the US subnational and federal level this week, including developments in Oregon, Rhode Island, Northeast hydroelectricity lines, and the US Department of Agriculture.

The Taskforce on Scaling Voluntary Carbon Markets (TSVCM) released its next consultation for dramatically increasing voluntary emissions reduction (VER) trading on Friday, setting out the first five additional attributes to differentiate between credits and establishing the structure of a governance body to further define ‘core carbon principles’.

Vivid Economics are currently recruiting for an Engagement Manager and Senior Engagement Manager with strong expertise and a significant track record in climate strategy and sustainable finance.

Vivid Economics are currently recruiting for Economists and Senior Economists with expertise and a track record in climate strategy and sustainable finance.

Europe’s top court has ruled that lignite mining at an open-pit site near the Polish-Czech border must cease immediately, which the operator says could lead to the closure of a major power plant in Poland.

Organization: Oxfam GB Position: Climate Change Policy Adviser Duty Station: UK Deadline for Application: 7 June 2021