Carbon Pulse

An expert team appointed by Alaska Governor Bill Walker (I) has proposed to implement a revenue-positive carbon tax for the US state as part of its ongoing process to create a climate change action plan, continuing efforts that started earlier this year.

The governments of ACT, Queensland and Victoria are preparing a list of demands for federal Environment and Energy Minister Josh Frydenberg ahead of next week’s crunch meeting on the future of the proposed National Energy Guarantee (NEG).

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Environment and Climate Change Canada (ECCC) has named four economic sectors that will be deemed at high risk of carbon leakage as part of its output-based pricing system (OBPS), while also confirming other elements including a weakening of the programme reported by Carbon Pulse last week.

Electricity sector emissions covered by the northeast US RGGI programme rose 5.5% year-on-year in the second quarter as reductions in most states were offset by increased output in Maryland.

European carbon prices jumped 2.2% to their highest since November 2008 on Wednesday, as the first in a month of smaller auctions indicated strong demand.

Data released by California regulator ARB late Tuesday showed that the first quarter of 2018 generated a record credit deficit in the state’s Low Carbon Fuel Standard (LCFS), but still fell short of some participants expectations.

We are currently looking for a Senior Economist to join our Climate Strategy practice, to support internal and external project management and develop our expertise in international carbon markets, climate policy design and implementation, and the competitiveness impacts of such policy.

Big emitters increased their buying in Germany's EU carbon allowance auctions in June, government data shows, though speculators and intermediaries still accounted for half of all purchases.

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Several opportunities will still exist for voluntary market participants to develop and sell offsets over the next decade as more global compliance mechanisms come online, according to experts.

The Massachusetts House and Senate approved a bill in the waning hours of the 2018 legislative session on Tuesday that increases the state’s Renewable Portfolio Standard (RPS), but it omitted carbon pricing and several clean energy provisions that both the Senate and environmental advocates had pushed for.

US states and wholesale energy market operators should work towards implementing or expanding regional market solutions as the best way to achieve emissions reductions in the power sector, according to a discussion paper released Monday.

European carbon prices rocketed back towards recent highs on Tuesday after a strong auction result erased early weakness.

Australia’s Climate Change Authority (CCA) on Tuesday launched a review of the Safeguard Mechanism, questioning whether the policy contributes to reducing GHG emissions and putting the spotlight on issues such as double counting.

Emitters in Shanghai’s carbon market on Tuesday bought fewer than a sixth of the 2 million allowances on sale in 2018’s only auction, with the permits clearing at the government-set price floor.

Korean 2017 allowances fell slightly in Tuesday trade but held above $20 as a few companies that are yet to surrender permits for last year dipped into the market to pick up a modest 57,000 KAUs.

EDF is looking for a program coordinator to provide support for a broad range of initiatives with an immediate focus on tracking projects related to air quality and climate change in India and support for setting up a formal EDF presence in India.

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The Manitoba government published a discussion paper on Monday laying out how an output-based pricing system (OBPS) would give heavy emitters more flexibility under the Canadian province’s upcoming CO2 tax.