Carbon Pulse

EU carbon prices could average €35-40 over 2019-2023, accelerating coal-to-gas power switching and potentially questioning the rationale for keeping old coal and lignite power plants running beyond 2021, analysts said on Tuesday.

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

European carbon prices advanced nearly 2% on Monday to extend further their 10-year high above €18.50 as observers continued to predict additional rises.

The Trump administration is expected to unveil its replacement draft for the US EPA’s Clean Power Plan (CPP) on Tuesday, a proposal that would reportedly result in far fewer GHG reductions than the previous Obama-era iteration and limit the scope of eligible emissions reduction activities.

EU carbon allowances are expected to continue to climb for the rest of the year as speculators keep buying in anticipation of further increases and utilities lend support, analysts said, following several weeks of strong price gains that have already pushed prices to their highest for a decade.

The Senior Consultant / Consultant will be leading the delivery of a key component of the flagship DFID Building Resilience and Adapting to Climate Extremes and Disasters (BRACED) programme within the Climate Change portfolio, as well as joining a busy team to help to maintain the high quality of existing contracts and support the team in seizing new opportunities for growth.

The Midwest Climate & Energy Policy Advisor promotes highly networked efforts within The Nature Conservancy’s Midwest Division (Wisconsin, Illinois, Indiana, Michigan and Ohio) to broaden political support in the region for energy and climate policies that lead to reductions in greenhouse gas emissions.

EDF’s Global Climate team seeks a Senior Analyst to provide critical research and analysis in support of our U.S. focused efforts to advance market-based policy solutions to address climate change.

Climate change is an urgent threat to humanity that demands swift, decisive action. We seek a Global Director to lead WRI’s Global Climate Program and drive positive action toward achieving a zero-carbon future at the national and international level. 

Australia’s decision Monday to drop the emissions target in the National Energy Guarantee (NEG) has left the energy sector concerned that investment certainty might be further away than ever, and that the nation could put itself on track to face international repercussions for missing its Paris obligations.

Calls are emerging for the New Zealand government to raise the price ceiling for NZUs immediately to avoid emitters paying the NZ$25 fixed price for 2018 compliance instead of surrendering permits.

Australian Prime Minister Malcolm Turnbull on Monday said his government would not try to legislate an emissions target for the electricity sector under the National Energy Guarantee (NEG) as opposition from a handful of MPs from his own party meant the policy would likely not make it through parliament.

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

Average prices in California’s Low Carbon Fuel Standard (LCFS) in July gained almost 10% to extend the previous month's record high, while regulator ARB published the latest formal rulemaking documents on programme amendments this week.

European carbon prices climbed back above €18 on Friday amid rising energy prices, lodging a 1.4% weekly gain and consolidating near the ten-year peak reached earlier in the week.

The New York grid operator’s (NYISO) plan to exempt wholesale market suppliers holding active Renewable Energy Certificate (REC) contracts under its CO2 pricing proposal drew criticism from a clean energy group this week for undermining market design and the state’s business environment.

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

New Zealand carbon allowances rose to record highs again on Friday as emitters continued to hedge against the risk that the government might increase the NZ$25 price ceiling during the current compliance year.

Investor Ant Financial and automaker BAIC Group have bought shares in the Beijing Environmental Exchange, increasing the bourse’s registered capital by 67% to 500 million yuan ($72.7 mln).

North American methane-cutting projects are becoming more lucrative as regulators and standards update their offset crediting calculations, but developers are still seeking alignment with other policies and considering whether more profitable incentives lie elsewhere.