Carbon Pulse

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

Several state ministers on Friday refused to back the federal government’s proposed National Energy Guarantee (NEG), choosing instead to await the outcome of next week’s Coalition party room meeting in the hope that some of their major concerns about the scheme might be addressed there.

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

Activity in the California carbon market picked up this week as market participants looked ahead to next week’s quarterly auction, while RGGI prices fell as key member states advanced clean energy policies.

European carbon prices nudged back above €17.50 on Thursday, rising after a stronger auction to buck a three-day slide and push prices back towards their recent seven-year high.

Danish utility Orsted reported an 11% dip in its bioenergy and thermal power generation over H1, though any EUA demand decrease is likely to be limited as the company’s move away from fossil fuels continues.

Germany has launched a tender to procure nearly 300,000 offsets as part of its commitment to neutralise the GHG emissions generated from the business trips of federal government officials.

Spot NZU prices lifted on Thursday to set a fresh record high, the twelfth over the past two months, as available supply remained scarce and some emitters bet on impending clarity on government plans to amend the ETS.

Non-forestry firms covered by New Zealand’s emissions trading scheme handed in 6.8 million allowances more in 2017 than the previous year despite only a modest increase in emissions as the phase-out of the scheme's 2-for-1 rule began to take effect.

California regulator ARB on Wednesday provided updates to its proposal to incentivise the uptake of more zero-emissions vehicles (ZEVs) under the state’s Low Carbon Fuel Standard (LCFS), including a controversial measure to credit ZEV infrastructure build-out introduced earlier this summer.

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

California regulator ARB granted over 2.8 million California Carbon Offsets (CCOs) this week in the largest issuance since May, with an Oregon tribe’s forestry project receiving over three-fourths of that total.

EU carbon prices slipped below €17.50 on Wednesday despite a stronger enlarged auction, as the energy complex was dragged lower by heightened fears that a global trade spat will damage economic growth.

Some 56% of German energy companies expect EUA prices to be above €20 in the next five years, up from fewer than 40% of companies six months earlier, according to a survey published Wednesday.

A hot July helped China’s coal imports to hit their highest levels in almost five years as coal consumption continues to grow while the government’s work to carve out regulations for its planned national emissions trading scheme has ground to a halt.

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

California state regulator ARB issued a proposal on Tuesday designed to prevent potential Trump administration rollbacks in federal vehicle efficiency standards from negatively impacting the state’s climate goals.

The Ontario government’s proposed legislation to rescind the law underlying the province’s ETS and GHG reduction targets could have serious legal, economic, and environmental ramifications, lawmakers from the opposition NDP party said on Tuesday.

European carbon prices slipped below €17.50 on Tuesday as a weaker auction raised doubts that recent bullish momentum would sustain a renewed push towards a new seven-year high above €18.

EU utilities Uniper and CEZ remain behind their historical power hedging rates, their respective quarterly financial results showed on Tuesday, a potentially bullish indicator for EUAs as the companies may need to up their carbon buying over the rest of the year.