Carbon Pulse

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

California diesel consumption rose during July amid lower retail fuel prices, but even with those gains, total fuel consumption remains below last year’s level through the first seven months of 2019, state data revealed.

California's fuel sector reported its first year-on-year emissions reduction under the WCI-linked cap-and-trade programme in 2018, as flat carbon output from the power sector helped contribute to a small annual decrease in regulated GHGs, state data revealed Monday.

EUAs recovered from sub-€25 levels for a second straight day on Monday, as analysts gave a neutral-to-bearish weekly outlook for carbon on soft signals from energy and higher auction supply.

The Ecosystem Services Analyst (Analyst) contributes to the Ecosystem Services Unit's global work in the sphere of ecosystem evaluation, carbon accounting, climate change mitigation and adaptation, REDD+, watershed management and environmental services.

The largest holder of California Low Carbon Fuel Standard (LCFS) credits increased its share of the surplus bank volume during the second quarter, while the top two entities now command over half of all credits accumulated in the programme, state data shows.

The OECD is recruiting one or more Clean Energy Finance Analysts to support the Clean Energy Finance and Investment Mobilisation (CEFIM) Programme and the selected candidates will work under the supervision and management of the Team Leader for Clean Energy Finance and Investment Mobilisation, within the Climate, Biodiversity and Water Division.

The US has major concerns about the EU’s and China’s approaches to the CORSIA, making the success of the UN’s aviation offset scheme anything but certain just months ahead of a crunch deadline.

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

Alberta has not committed to raise the province’s carbon price under its proposed output-based pricing system in line with Ottawa’s ‘backstop’ rate for 2021, as a provincial official said Friday that it would instead negotiate with the Canadian federal government on the topic.

Two Massachusetts-based generators have emitted more than their initial 2019 permit allocations under the state's Global Warming Solution Act (GWSA) carbon market through the third quarter, but surplus allowances in the programme could be minimising their need to go into the secondary market.

The European Commission on Thursday adopted its annual report on the functioning of the EU ETS, which covered the market’s developments in 2018 and into 2019, as well as summarising measures proposed or agreed this year. Here are a few of Carbon Pulse’s main takeaways from the report.

Regulated entities under the California Low Carbon Fuel Standard drew down nearly 250,000 tonnes on the credit bank in the second quarter of 2019, as record deficits from gasoline and diesel outpaced higher credit generation totals from ethanol and biodiesel.

California regulated entities are expected to easily comply with the interim deadline today as more than enough allowances are being held in compliance accounts.

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

EUAs dropped to a four-day low below €25 on Friday, in choppy trade that defied a strong auction and fairly bullish energy complex.

Spain's offer to host this year's UN climate talks has been approved, COP24 President Michal Kurtyka said Friday, with Madrid set to be the venue after Chile pulled out due to ongoing protests in the country.

China’s Guangdong province released the 2019 allocation plan on Friday for its emissions trading scheme, swelling the number of allowances issued due to the inclusion of several new large power plants that could boost demand and increase prices, according to analysts.

South Korea will shut down six of its oldest coal-fired power plants in 2021, a year earlier than previously planned, the prime minister’s office announced Friday, a move likely providing a slightly bearish long-term signal for Korean carbon allowances.

The African Development Bank (AfDB) has over the past few months paid back NOK 11 million ($1.2 mln) to Norway after one of the funds its manages was found to had misspent funds meant to pay for forest protection, Norwegian development agency Norad said this week.