Carbon Pulse

Australia’s in-progress carbon credit exchange will likely over time expand beyond domestic credits to host trade in other emissions units as well as certified low carbon energy, steel, and aluminium for export, according to the Clean Energy Regulator.

Carbon’s been on a bit of a journey in the last week, and to judge from the chatter in the market there really is no end in sight. How high can it go? What can stop it? Who’s going to call the top? Most of the reasons why carbon is rising are clear and not really new. But what *is* new, to me at least, is the “fine mess” that has developed involving natural gas and carbon prices.

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

This position is with EPRI’s Energy Systems and Climate Analysis group. The successful candidate will manage and contribute to research efforts on pathways to electric sector and economy-wide decarbonization and on the economics of emerging energy technologies. 

The Global Carbon Offsets Business Development Director, as a subject matter authority for carbon offsets, will independently identify, evaluate and negotiate new sales and marketing growth opportunities across multiple areas. We seek a multifaceted professional who will identify and develop optimal revenue models, sales and distribution channels, pricing and new product development strategies.

*PREMIUM LISTING – FFI is seeking a qualified candidate for the position of Senior Technical Specialist, Forestry & Forest Carbon.  You will play a vital role in the technical design and implementation of pioneering NBS projects in high carbon stock and high conservation value landscapes in a variety of locations, with an initial focus on REDD+ projects in Liberia and Vietnam. 

California Carbon Offsets (CCO) are remaining near historic high discounts despite an influx of financial interest in recent weeks that has prompted California Carbon Allowances (CCAs) to diverge from the floor price.

RGGI Allowance (RGA) prices rose on thin demand on the secondary market to hit a new two-month high, while California Carbon Allowances (CCAs) declined week-on-week despite a continued influx of speculative demand.

EUAs paused its week-long record-breaking rally on Thursday, dropping as much as €2 at one point as global markets slid on worries about rising inflation.

Japan Petroleum Exploration Co. (Japex) on Thursday pledged to go carbon neutral by 2050, relying primarily on CCS/CCUS to get there, but the company is also considering carbon offset options.

Startup firm Sylvera has raised $7.8 million to expand its voluntary carbon offset ratings business, with early assessments judging that many nature-based projects fall short of their promised emissions cuts.

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

The role is as an Originator for Carbon Markets within the Global Environmental Products Trading Business (EPTB). Reporting into the RTL for Europe, Middle East & Africa (EMEA) and working closely with the Carbon Markets Trading team you will support the identification, delivery and ongoing management of deals across the European Emissions market (EU-ETS), as well as the wider European energy complex (Coal, Power & Gas) and other Environmental Product markets as they mature.

The UK government has lowered the trigger price for the mechanism to control spiking allowance prices in the country’s new carbon market.

Macquarie's London-based head of environmental products has gone to Goldman Sachs, Carbon Pulse has learned, while his counterpart at Morgan Stanley's is taking his place at the Australian investment bank.

California regulator ARB’s offset issuances hit a two-month high this week as it minted nearly 500,000 new credits, but the year-to-date volume slipped beneath last year’s level, according to data published Wednesday.

Two fraudsters were convicted by a British court on Wednesday for scamming vulnerable victims out of £36 million in a ‘boiler room’ fraud operation based on the voluntary carbon market.

Power and industry will face the highest increase in ambition under Germany’s amended Climate Change Act adopted on Wednesday, though analysts believe the impact on EU carbon allowance demand can only be determined once the bloc’s carbon market reforms are undertaken.

Spanish utility Iberdrola reported a 25.5% drop in its remaining EU ETS-covered generation in Q1 on Wednesday, continuing its rapid decarbonisation and diminishing need for carbon allowances.

Almost 380 million more carbon allowances will be withdrawn from the EU ETS through next summer and inserted into the MSR, the European Commission announced late Wednesday in its annual 'TNAC' update, with the market's oversupply increasing by 14% last year largely due to the pandemic.