Carbon Pulse

EU member states want Brussels to propose an EU carbon border adjustment tax earlier than 2021 to help safeguard the bloc's heavy industry, several national ministers said on Thursday.

The UK said it was open to considering a link between a future national ETS and the EU carbon market on Thursday, even as it pushes to reject applying EU rules in a post-Brexit trade pact.

EUAs dropped below €24 early on Thursday, with the energy complex continuing to come under pressure amid fears that the spreading Covid-19 coronavirus will disrupt the global economy.

A senior Philippines MP has introduced a bill that would establish a cap-and-trade programme for the biggest-emitting sectors in the South East Asian nation.

A dozen more facilities covered by Australia’s Safeguard Mechanism have switched to using multi-year targets, meaning they don’t have to worry about compliance for another three years.

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Analysts have nudged down their EUA price forecasts for this year by 2.7% compared to projections from January, as the expected emergence of speculative investors has failed to materialise.

California regulator ARB granted 276,600 new offsets this week in the lowest issuance so far this year, while it cut the invalidation period on more than a million additional credits, according to data published Wednesday.

The first California-Quebec sale of 2020 settled above the secondary market for the first time in three years, as increased demand coupled with lower volume on offer buoyed prices, according to results released Wednesday afternoon.

US biofuel credit (RIN) prices surged on Wednesday to new year-highs after a report surfaced that the Trump administration will limit the number of Renewable Fuel Standard (RFS) compliance waivers granted in future years in response to a critical court ruling last month.

EU progress on green taxation and carbon pricing “remains modest” at member state level, according to a European Commission report on Wednesday that analyses each country's key economic challenges.

EUAs fell below €24 and were headed for a third straight daily drop on coronavirus concerns early on Wednesday, though losses slowed after a strong Polish auction showed signs of bargain-hunting.

South Korea has approved the first batch of Korean-owned CDM projects abroad that can generate carbon credits for the domestic emissions market.

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

California’s cap-and-trade linkage with Quebec created a binding agreement between the jurisdictions, while also obstructing or running afoul of the federal government's position on international climate policy, according to US Department of Justice (DOJ) brief filed Monday evening.

California Low Carbon Fuel Standard (LCFS) prices for near-term delivery continued to retreat from record highs set earlier this month, while steady forward contract demand is supporting values at the back end and flattening the price curve.

EPH's big-emitting German lignite power operations were given a lift on Tuesday as one of its mines resumed operations after six months of closure due to an environmental lawsuit.

WCI compliance entities grew their short positions on the secondary market ahead of the February auction, but traders are questioning whether that US Commodity Futures Trading Commission (CFTC) data paints a complete picture of California carbon holdings.

EUA prices stabilised on Tuesday, pausing after the previous session's heavy falls on concerns that the Covid-19 coronavirus would spread worldwide.

Australia’s Clean Energy Regulator expects carbon credit issuances to grow nearly 11% this year and offset delivery to the Emissions Reduction Fund to increase by a fifth, while demand from Safeguard Mechanism entities is likely to drop further.