Carbon Pulse

One of Bloomberg New Energy Finance’s European power and carbon analysts is leaving the firm, Carbon Pulse has learned.

EU carbon prices leapt back above €21.50 on Thursday in volatile trade, as higher energy prices helped to bolster bullish sentiment.

New Zealand must cut methane emissions from livestock - one of its biggest sources of GHG emissions - by as much as 22% below 2016 levels to avoid having further impact on global climate change, the parliamentary commissioner on the environment said Thursday.

New Zealand carbon permits on Thursday traded above the NZ$25 fixed price option as emitters sought to pick up as many as possible for future use amid expectations that the price ceiling will increase and prices continue to rise.

Negotiations on the future carbon market mechanisms under Article 6 of the Paris Agreement are making good progress, with expectations that next week’s climate conference in Bangkok will see final text start to take shape, according to stakeholders.

Reaching agreement on replenishment in the GCF family is easier said than done. Among several hotly debated issues at its last Board meeting was an hours-long discussion of how to launch replenishment -- with no resolution. If we want the GCF to succeed, the Board needs to get past the logjam. Here’s WRI's take on how they could.

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

Enacting a federal carbon pricing scheme in the US will need to the overcome the contradictory public relations and lobbying arms of oil companies in Washington DC in order to move forward, while Republicans need to run on climate issues to court a growing and concerned youth vote, experts and lawmakers said in a webinar on Wednesday.

Saskatchewan on Wednesday updated its climate plan but said it will not be submitted for approval by the Canadian government ahead of this week’s deadline, marking the latest salvo in the ongoing battle over carbon pricing between the province and Ottawa.

The UN’s climate division appears to have hastily pulled a social media campaign and accompanying video relaunching its voluntary offsetting platform, just hours after the ad was panned by campaigners and other viewers for mocking people’s efforts to lead a low-carbon lifestyle.

EU carbon climbed back above €21 on Wednesday as a strong auction helped prices claw back more than half of the previous day's heavy losses to re-approach Monday's 10-year peak.

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California’s Assembly late Tuesday passed a bill to increase the state’s Renewable Portfolio Standard (RPS) and eliminate fossil fuels from its power generation mix by 2045.

Nearly a quarter of China’s H1 electricity traded in the recently-established regional power markets, according to data from the China Electricity Council, as the nation took another small step away from the government pre-planned dispatch pattern that observers say would hurt the effectiveness of a carbon price.

Sanjeev Kumar of PR consultancy Burson-Marsteller sets out four EU carbon market reforms that should be on Brussels’ agenda to ensure effective operation based on clear market fundamentals.

Oregon industry groups on Tuesday told lawmakers they wanted protection or exemptions under a potential cap-and-trade programme to avoid rising economic costs.

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

European carbon prices fell almost 3% on Tuesday to end the massive bull run that had seen EUAs gain as much as a fifth over the past seven sessions.

Prices for California Low Carbon Fuel Standard (LCFS) credits on Monday fell out of the $180 range they had mostly resided in for the past couple months, while regulator ARB announced that it will vote on programme amendments in September to conclude the year's formal rulemaking process.

The US Justice Department (DOJ) filed a brief on Monday arguing that the Supreme Court should not accept petitions to overturn a lower court’s ruling on an Obama-era ban on potent heat-trapping gases, reversing course on an environmental policy that the Trump administration initially sought to defend.