Carbon Pulse
News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 20 min 18 sec ago
EU CO2 emissions rose by estimated 1.8% in 2017 -Eurostat
CO2 emissions from fossil fuel combustion in the EU rose by an estimated 1.8% in 2017, according to the bloc’s statistics office Eurostat.
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ACCU supply rate remains high as Australia doles out 738k fresh carbon credits
Australia’s Clean Energy Regulator this week handed out 738,134 carbon credits to maintain its recent above-average issuance rate as a small secondary market for carbon offsets continues to form.
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Guangdong completes first offset issuance of 2018
The Guangdong provincial government this week issued some 61,000 carbon credits in its first issuance since last June, as China’s national offset programme remains sidelined.
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CN Markets: Pilot market data for week ending May 4, 2018
Below is a table of the closing prices, ranges and volumes for China's regional pilot carbon markets this week. All prices are in RMB, and volumes in tonnes of CO2e. Data sourced from local exchanges.
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South Korea posts final rules for CERs in domestic emissions market
South Korea has posted the final rules on use of UN-issued carbon credits from international projects in its domestic emissions trading scheme.
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CP Daily: Thursday May 3, 2018
A daily summary of our news plus bite-sized updates from around the world.
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North American grassland offset projects poised to accelerate under cooperative verification
The Climate Action Reserve’s revised grasslands protocol offers developers significant savings that could usher in a host of new US-based initiatives, experts said, as the project type’s profile rises.
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NA Markets: RGGI prices rise on emissions data as WCI dithers
North American carbon prices in the RGGI market increased slightly this week on the back of expectedly bullish emissions data, while WCI prices idled for another week ahead of the market’s second tripartite auction later this month.
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EU Market: EUAs fall for third day, down almost 5% since compliance deadline
EU carbon prices fell for the third consecutive session on Thursday to end below €13 for the first time in almost two weeks.
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Renewables rise helps to close Paris gap as governments lag -analysts
The faster-than-expected expansion of renewables worldwide is helping to narrow the gap to Paris Agreement goals, despite some governments making little progress on climate action and the effects of US President Trump’s policies not yet taking hold, researchers said Thursday.
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CP Daily: Wednesday May 2, 2018
A daily summary of our news plus bite-sized updates from around the world.
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Hawaii legislature passes amended offset and sequestration bills
The Hawaii House and Senate have again passed two carbon offset and sequestration-related bills after a bicameral committee made minor changes to both pieces of legislation in April.
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EU Market: EUAs dip to 1-wk low below €13 as power prices sink
EU carbon prices continued to slide on Wednesday, dropping below €13 for the first time in a week as weaker power prices weighed despite some improved signs of auction demand.
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Canadian firm foresees international expansion for Alberta’s land-based offset protocols
New global carbon markets and heightened consumer and corporate interest will bolster international demand for land-based offset projects developed in Alberta despite concerns about environmental integrity, Canadian environmental consultants said on Wednesday.
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More than 260 installations, airlines in non-compliance with EU ETS for 2017, data shows
More than 260 installations and airlines operating under the EU ETS, or just over 2% of the total covered, were listed as being in non-compliance with the scheme for 2017, data published by the European Commission on Wednesday showed.
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Brussels seeks share ETS revenues, wants to up climate spend
The European Commission has proposed to earmark a fifth of EU ETS auction revenue for the post-Brexit 2021-2027 central EU budget, for which it wants to raise climate-related spending by 5%.
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Climate veteran joins Victoria govt as senior advisor
One of Australia’s leading climate and energy policy experts has taken up a new role as senior climate and energy advisor to the Victorian state government.
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Australian group launches fund to trade premium-priced co-benefit offsets
The Aboriginal Carbon Fund has launched a new fund seeking to trade carbon credits that provide additional environmental, social and cultural benefits for indigenous communities in Australia.
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Australia should move on international offsets but might meet closed doors, observers warn
If Australia wants to use international carbon credits to meet its Paris target it should start seeking out potential bilateral partnerships now, but may find many governments reluctant to export them, according to observers.
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CP Daily: Tuesday May 1, 2018
A daily summary of our news plus bite-sized updates from around the world.
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