Carbon Pulse

The US has said it would “react” with possible retaliatory measures against the EU if it opts to impose carbon border adjustments, the Financial Times reported, quoting US commerce secretary Wilbur Ross.

Japan’s environment ministry has picked 10 projects across seven countries for funding under the Joint Crediting Mechanism (JCM), expecting the investment to result in 14 million carbon credits by 2030.

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

RGGI’s upcoming programme review could be delayed as member states discuss the potential expansion of the power sector ETS and regulators also craft a new cap-and-trade scheme to cover fuel sector emissions across the region, regulatory sources said.

A summary of legislative and regulatory action on carbon pricing and clean energy at the US subnational and federal level taken this week, including developments in Massachusetts, New Hampshire, Rhode Island, California, and Arizona.

EUA prices were poised to end Friday more than a euro below last week's close, as a weak auction stifled prospects of a recovery while traders remain preoccupied with when the UK will finally be able to sell its backdated units.

Switzerland has announced dates for its first carbon allowance auction since linking to the EU ETS, but it warned that the sale could be cancelled if the current trend of excessively low clearing prices continues.

Closing prices, ranges and volumes for China's regional pilot carbon markets this week.

Australia’s Clean Energy Regulator this week handed out over 400,000 carbon credits, but also revoked a project under contract to deliver almost 350,000 tCO2e worth of abatement, further eroding the impact of the country’s primary climate policy tool.

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

The Policy Analyst, under the supervision of the ‘Head of LDC Support Team’ and the CAEP project leads is to assist the ongoing work in Nepal under the CAEP project to help in the revision of Nepal’s NDC.

California regulator ARB could decide by the end of January whether to invalidate offset reporting periods under review for regulatory compliance violations, three WCI market sources told Carbon Pulse.

The UK should consider imposing a levy on airlines and fossil fuel companies to help spur a woodland carbon trading scheme, the country’s official climate advisors said on Wednesday.

California Carbon Allowance (CCA) prices continued dropping on the secondary market this week as participants looked to unload volume ahead of the February WCI auction, while RGGI prices stagnated on low liquidity.

The World Bank’s Forest Carbon Partnership Facility (FCPF) made revisions to its deforestation reduction programme methodology on Wednesday in response to comments from an UN aviation expert panel with an aim of becoming eligible for the international flight offset programme CORSIA.

California Low Carbon Fuel Standard (LCFS) credits surged to new all-time records on Thursday, pressing up against the clean fuels programme’s pending ceiling price.

Spain's new government plans to ratchet down its 2030 emissions goal by a further two percentage points, in a move likely to get firm approval by Brussels this month.

EUAs slipped 2% early on Wednesday as the energy complex weakened while wider financial markets fretted about the spread of a flu-like virus in China and elsewhere.

Uncertainty is emerging over the amount of progress China will make on its national emissions trading scheme this year as responsibility this week shifted to a new senior government official, while the outbreak of the Coronavirus raises risks of a policy standstill.

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