Carbon Pulse

EUAs lifted above €24 early on Thursday after a stronger auction and as the energy complex lifted following a fresh rocket attack Iraq.

Australia’s Clean Energy Regulator has issued over 1.1 million carbon credits since Christmas, its first data release of 2020 showed Thursday.

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

California Carbon Offset (CCO) issuances will increase this year due to a large overhang of WCI-eligible credits awaiting approval by California regulator ARB at the end of 2019, analysts said Wednesday. 

Oregon lawmakers intend to unveil a revised WCI-modelled cap-and-trade bill on Monday, with the proposal expected to include free allowance allocations and exemptions for key industrials in attempt to win over support in the short legislative session, according to media reports.

We are looking for a motivated COP26 Climate Change Regional Adviser to drive the UK in NZ preparations for COP26, working with UK teams across the Pacific as part of a virtual Pacific hub and a highly ambitious, active, global climate network.

Main purpose of job: To coordinate the work of the British High Commission in Dhaka to combat Climate Change in Bangladesh, including diplomatic action to support delivery of the 26th Conference of the Parties to the UN Framework Convention on Climate Change (COP26) in December 2020.

The jobholder will coordinate and lead the British Embassy Riyadh’s work to combat climate change, including diplomatic action to support delivery of the 26th Conference of the Parties to the UN Framework Convention on Climate Change (COP26) in December 2020.

Main purpose of job: To coordinate British High Commission Kigali work to combat Climate Change, including diplomatic action to support delivery of UK objectives on climate and environment.

The successful candidate will coordinate British Embassy Rabat’s work to combat Climate Change, including diplomatic action to support delivery of the 26th Conference of the Parties to the UN Framework Convention on Climate Change (COP26) in December 2020.

EUA prices sank early on Wednesday as global markets eased following an overnight oil price spike fuelled by Iran's missile attack on US bases in Iraq.

Two of Europe’s biggest low-cost airlines increased their emissions in December compared to the previous month, as air travel picked up during the year-end holiday period.

China’s environment ministry has ordered power plants set to be included in the national emissions trading scheme to provide 2019 data that will be used as basis for the allocation of CO2 allowances, signalling that those that miss the May 31 deadline will receive fewer permits.

South Korea’s first monthly CO2 permit auction of the year sold out above secondary market prices, but it cleared well below last month’s record high.

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

Surplus compliance instruments in the WCI cap-and-trade programme inched above the 275-million mark after accounting for California and Quebec emissions in 2018, according to the carbon market’s Q4 Compliance Instrument Tracking System Service (CITSS) report published Tuesday.

The Midwest should aim for harmonisation in the design of low-carbon fuel standards (LCFS) and potential credit fungibility across state lines, as well as incorporate a variety of regional factors to benefit agricultural communities in America’s heartland, according to a white paper released Tuesday.

Speculators' carbon allowance holdings in the WCI-linked ETS dipped to a three-month low at the end of the year, but the group still holds significant length in the California-Quebec cap-and-trade market, according to US Commodity Futures Trading Commission (CFTC) data.

German power sector emissions fell 18.1% in 2019 as higher EU carbon prices helped make hard coal- and lignite-based generation unprofitable, though slowing renewables investment risks slowing the pace of decarbonisation, according to a report released Tuesday.

US emissions reversed course in 2019 on a record plunge in coal-fired generation, but flat or rising discharges from other sources leave the country far off track from meeting its UN Paris Agreement goals, according to preliminary estimates published Tuesday.