Carbon Pulse

The EPA’s Scientific Advisory Board (SAB) voted late Thursday to review whether several of the agency’s decisions to repeal or weaken environmental policies such as the Clean Power Plan (CPP) were based on insufficient scientific information, serving as a possible check on Administrator Pruitt’s efforts to scale back GHG regulations.

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.

South Korean allowances slipped further on Friday as the government's auction announcement took some of the edge off the demand rush that has seen prices hit fresh six-month highs earlier this week.

Australia’s Clean Energy Regulator has approved 42 new carbon credit projects over the past two weeks that are now cleared to participate in next week’s ERF auction, potentially tightening competition among bidders.

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

Californian carbon prices continued their slow recovery as nerves subsided after the May 15 sold-out auction, while RGGI trade stalled in a week interrupted by the Memorial Day public holiday.

A new company is looking to expand US carbon offset opportunities in agriculture by taking the "opposite approach" to the current system of protocol development.

The US slapped import tariffs on steel and aluminium from the previously-exempted EU, Canada, and Mexico on Thursday, prompting European producers to urge retaliation against potential cuts to their EU ETS-covered output.

The number of Colombian CERs being cancelled against the country’s carbon tax by big emitters is approaching 1.5 million after another batch was annulled last week.

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EU carbon prices slid by almost 5% in early trade on Thursday to continue the previous session’s downward slide, as traders unwound a chunk of May's stellar gains ahead of month-end.

A Singapore-based energy and carbon research and analysis manager has left mining major BHP Billiton to co-found a European demand response company aiming to allow households to earn money from turning off their electric devices.

New Zealand carbon allowances dropped below the NZ$21 mark on Thursday, the deadline for emitters to surrender permits for their 2017 output, as the historic surplus of millions of NZUs meant few participants had any issues meeting their targets.

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

The New Jersey Department of Environmental Protection (DEP) has pinpointed early 2020 for the state to re-enter RGGI auctions and for emitter compliance obligations to begin should its ongoing negotiations proceed on schedule, according to new documents released on Wednesday.

EU carbon prices dropped 2.8% on Wednesday as a stronger auction provided only temporary relief amid wider financial market upheaval stemming from Italy’s political turmoil.

A bill that would guide the scheduled closure of California’s last remaining nuclear plant was approved by the state senate on Tuesday, including measures to prevent against a rise in emissions resulting from the shut down.

China’s greenhouse gas emissions has increased 4% y/y so far in 2018, according to an analysis by green group Greenpeace, with the growth largely fuelled by a government stimulus programme.

Korea carbon allowances fell nearly 10% on Wednesday as the government announcement that it will auction 5.5 million permits on June 1 tempered the aggressive demand seen over the past three weeks.