Carbon Pulse

European carbon prices were steady by midday Tuesday, after sliding to a three-week low early in the session amid the resumption of EUA auctions.

China’s Guangdong province will auction off 400,000 carbon allowances under its emissions trading scheme on Feb. 12, the China Carbon Exchange in Guangzhou said Tuesday.

Australia’s catastrophic bushfires have burned over 8 million hectares of land but so far have not had a major impact on the nation’s mostly land-based carbon offset industry, according to market participants.

Australian firm RegenCo is lobbying the environment ministry to issue carbon credits for culling feral camels as part of a strategy to manage the country’s large population, which experts say is responsible for significant greenhouse gas emissions.

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California’s on-road diesel and gasoline consumption through Sep. 2019 held only slightly above levels from the previous year, likely resulting in stagnant ETS-covered annual emissions, state data suggested.

EU carbon slipped back towards €24 on Monday as observers played down the prospects of a war in the Middle East, while analysts expected this week’s resumption of EUA auctions to weigh on prices.

Emissions from Spain’s power sector tumbled by a third last year, as higher carbon prices and cheaper gas contributed to significantly cut coal’s share of the national energy mix.

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Low-cost US airline JetBlue announced Monday that it will purchase carbon credits to offset emissions from all its domestic flights beginning in July, while also expanding its sustainable aviation fuel usage.

Massachusetts’ December auction for its Global Warming Solutions Act (GWSA) carbon market settled above the programme’s first sale, but stayed within recent price levels for the in-state power sector ETS, a market source said.

Norway’s state-owned oil and gas major Equinor will cut greenhouse gas emissions from its Norwegian operations 40% by 2030, 70% by 2040, and reach near-zero emissions by mid-century, it announced Monday.

South Korean carbon prices have dropped nearly 20% over the past two weeks amid rumours of government intervention, with market participants saying the decrease has come against bearish market fundamentals.

A Hungarian voluntary carbon offset vendor has been accused of reselling previously retired credits and of listing some units on its online registry without authorisation.

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California’s snowpack remains slightly off the historic average after storms in November and December, but state officials say it is too early to determine whether the totals could have an impact on the state's hydroelectric generation.

Northeast and Mid-Atlantic US jurisdictions are giving a wide range of feedback early in the design process of a transportation sector carbon market, with Transportation and Climate Initiative (TCI) members expressing anywhere from steadfast support to outright scepticism.

EUAs climbed to €25 on Friday, reversing a post-Christmas slump as global markets were rocked by concerns that a US air strike in Iraq would spark a Middle East conflict.