Carbon Pulse

The EU’s efforts to decarbonise heavy industry are being undermined by ETS benchmarking rules that systematically block cleaner industrial alternatives from getting a foothold, according to environmental campaigner group Sandbag.

EU carbon prices slumped on Tuesday after extending a recent seven-year high in early trade and following another weak auction.

European utilities were relatively quiet in the rallying EUA market over Q1, company results suggest, representing potentially bullish news for prices as generators may now need to accelerate their EUA buying.

Almost 265 million EU carbon allowances will be withdrawn from the over-supplied EU ETS in the first eight months of 2019 and inserted into the MSR when it launches early next year, the European Commission announced late on Tuesday.

IBM and Veridium Labs have teamed up to launch a blockchain-based platform to transform carbon offsets into digital tokens for trade on a decentralised exchange, the companies announced on Tuesday.

A former Deutsche Bank sales manager has been jailed by Germany’s federal supreme court for three years for his role in facilitating tax fraud through the EU carbon market.

South Korea has pledged to meet a third of its Paris target through buying international carbon credits, and is now considering pushing that responsibility over to companies in its emissions trading scheme rather than spending taxpayer funds.

Coal-fired power generation in China rose 7.3% y/y in April, outpacing overall power output amid an ongoing manufacturing boom threatening to derail efforts to curb carbon emissions.

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The largest utility in Virginia plans on cutting output at or shutting its biomass-powered facilities, it has announced, as the US state remains undecided how it will treat the renewable energy source in its planned cap-and-trade scheme modelled after RGGI.

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The growth in trade between developing countries in the first decade of the 21st century, fuelled by the offshoring of manufacturing to lower-wage economies, has led to a surge in emissions that threatens the climate goals of the Paris Agreement, according to a study released on Monday.

EU carbon prices clawed back early losses to finish flat on Monday after the market struggled to absorb the day’s auction amid a return to normal sale supply following last week’s scarce offering.

Nova Scotia has joined the Western Climate Initiative (WCI), it announced on Monday, as the province advances the development of its cap-and-trade system with a view to launching it early next year.

In this role you will be part of our Portfolio Management team, responsible for overseeing and developing business for the sales of carbon credits and Renewable Energy Certificates (RECs).

In this role you will be part of our Portfolio Management team, responsible for overseeing and developing business for the sales of carbon credits and Renewable Energy Certificates (RECs).

Australia’s greenhouse gas emissions rose 1.5% in 2017, according to official data released just days after the government halved its climate spending.

Presenting CP Daily, Carbon Pulse’s free newsletter. It’s a daily summary of our news plus bite-sized updates from around the world. Subscribe here TOP STORIES Switzerland approaches countries to host pilot crediting under Paris Agreement Switzerland has begun talks with several developing nations to test pilot GHG-cutting initiatives, aiming to secure carbon credits that could […]

EU carbon prices hit a new seven-year high near €15 on Friday, extending this week's strong gains in thinner holiday trade despite next week’s return to normal auction levels.

Fossil fuel-based projects in developing and eastern European countries have been the largest individual beneficiaries from selling offsets to emitters in the EU ETS since 2014, while more than 75% of the credits came from just two countries.