Carbon Pulse

The Fijian government is working to set up a national carbon registry as it seeks to hold a series of consultations this year on creating a roadmap for the establishment of the country’s carbon market, a recent webinar heard. 

An independent power producer on Friday asked a court to deny the Washington Department of Ecology’s (ECY) attempt to dismiss its lawsuit reiterating discrimination claims under both the dormant Commerce-Clause and equal-protection laws, as the company said it spent millions in the state’s first cap-and-invest auction this winter.

The Alberta Technology Innovation and Emissions Reduction (TIER) carbon credit price fell over the January to March period after trading well above Canada's ‘backstop’ excess emissions charge, with one investor purchasing units amid the dip in value, according to a data analysis firm.

RGGI Allowance (RGA) values slid from a nearly two-month high over the course of the week in line with broader macroeconomic conditions, while some traders pointed to expectations for a bullish outcome from the power sector cap-and-trade system’s programme review in driving more options activity.

Financial players continued to widen their California Carbon Allowance (CCA) net long position this week to reach the highest level since early last year, while compliance entities slashed their net short position in the WCI market and net long in RGGI as the March contract expired, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

A Maryland-based power plant has filed to shutter slightly earlier than a previously announced deadline, as coal-fired generation continues to go offline within the RGGI carbon market-covered region.

Water risk in North American pulp forests, soil organic carbon in Australia, untreated wastewater in China, and air pollution and carbon emissions in Russia are just some of the nature risks facing a major chemicals and cosmetics corporation that released a first-of-its-kind report on its biodiversity challenges Monday.

South Korea on Monday released further details of its national strategy to meet its 2050 carbon neutrality targets, with a special focus on the creation of a value chain surrounding carbon capture, utilisation, and storage (CCUS) technologies.

South Korea could see a declining oversupply in its carbon market as demand from non-compliance traders more than makes up for a drop in CO2 emissions, though the mid-term outlook for the ETS still hinges on the government's 2030 roadmap for emissions reductions, analysts said Monday.

The spot price in China’s emissions trading market has plunged to its lowest level in 15 months with trading volume halving from the previous week, as cooling demand continues to weigh on the market in the absence of key regulations.

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

The sustainable aviation fuel (SAF) market will see a 30-fold surge in production by 2030, analysts predict, growing to a value of nearly $30 billion.

California Carbon Allowance (CCA) prices fell following an up and down week driven by macroeconomic sentiment, while Washington Carbon Allowance (WCA) values continued to set new record highs due to limited supply.

A summary of legislative, regulatory, and policy action on carbon, clean fuel standard, and clean energy markets at the US federal and subnational levels this week, including further progress to block North Carolina’s RGGI plans, a market-based climate policy bill in Connecticut, a Washington state bill to exempt farm fuels from carbon pricing, and a California proposal to restrict Low Carbon Fuel Standard (LCFS) crediting from dairy digesters.

A third of the volume offered at Nova Scotia’s June carbon market sale will come from a reserve account as the Canadian province winds down its cap-and-trade programme, according to a notice published Thursday.

A French public-private partnership has established the first carbon accounting methodology in Europe dedicated to the protection of seagrass beds via the country’s carbon credit certification programme.

California’s transportation gasoline sales for December and full year 2022 dropped to the second-lowest level in a decade along with gasoline-linked emissions, trailing behind 2020 totals during COVID-19 lockdowns, according to state data released Wednesday.

The overhang of REDD avoided deforestation credits weighing on the voluntary market is particularly acute from projects derived from one early-stage blueprint, a brokerage firm has pointed out, calling for radical action to delist the resulting carbon credits and cancel all back issuance.

A carbon credit ratings agency has upgraded its score for a Latin American REDD forest protection project that has been the focus of a court case surrounding the credibility of climate neutrality claims.

Carbon trade activity fell away on Friday, the last session before the four-day Easter break, with EUA prices ranging just below Wednesday's three-week high after early declines were unwound by yet another strong auction result.