Carbon Pulse

Japan and Laos have agreed to include projects that reduce deforestation levels into their Joint Crediting Mechanism (JCM) partnership as Tokyo searches for ways to ramp up offset generation under the scheme.

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

Spain-based utility Iberdrola reported a 59% jump in its ETS-regulated thermal output over the first nine months of 2019, as gas-fired output ramped up to cover lost hydro generation, the company said in its financial results on Thursday.

RGGI allowances (RGAs) inched up on the secondary market this week ahead of Virginia's general election, while California Carbon Allowance (CCA) prices stabilised amid increased spread trading.

 The RGGI cap-and-trade system's CO2 output plummeted more than 10% during the third quarter of 2019 as New York- and Massachusetts-based generators emitted less during milder weather, putting the Northeast ETS on track to eclipse its all-time yearly low.

The proposed structure of Canada’s Clean Fuel Standard (CFS) raises questions about the additionality of GHG reductions from oil and gas efficiency improvements under the programme, and may potentially crowd out the development of new alternative fuels, a researcher said.

The suspension of the UK’s ability to allocate or auction EU carbon allowances will continue despite British lawmakers agreeing a delay to the Brexit deadline with Brussels, the UK government said Thursday.

This year's UN climate talks will now be held in Madrid, Chilean President Sebastian Pinera said Thursday, with the Spanish government offering to hold the summit after Chile pulled out due to ongoing protests in the country.

European carbon prices dipped on Thursday after hitting a fresh eight-day high.

The European Commission adopted rule changes on Thursday aiming to clamp down on rampant gaming of the bloc’s carbon market by industrial companies over the past decade.

Analysts Refinitiv have hired a Beijing-based expert from the Energy Foundation to track developments ahead of next year’s launch of China’s national emissions trading market.

Australia’s Clean Energy Regulator issued just over 76,000 new carbon credits this week, as numbers fell to a quarter of the weekly average so far this year.

Oil and gas producer Saudi Arabia is planning to establish a domestic carbon trading system and will present a proposal soon, its energy minister told a Riyadh conference Wednesday, according to Reuters.

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

The EU can devise a strategy that allows its heavy industry to thrive while reaching net zero emissions by 2050 without resorting to border carbon adjustments, a consortium of European researchers found on Wednesday.

The Alberta government’s proposed output-based pricing system (OBPS) could penalise early movers and provide windfall profits to dirtier industrial firms in the Canadian province, while the uniform electricity sector standard would prove more ambitious than the benchmarks set by the federal ‘backstop’ programme, economists and analysts said.

New York’s Department of Environmental Conservation (DEC) will not finalise regulations to adopt the RGGI carbon market's post-2020 Model Rule updates this year, and its timeline to publish a draft proposal remains hazy, sources said.

Utilities SSE, Orsted, and Drax are urging the UK government to confirm it will uphold and extend carbon pricing domestically amid its efforts to exit the EU, in order to avoid undermining billions of pounds of clean energy investments in the country.

Chile has pulled out of hosting this year's COP25 UN climate talks, as well as next month's APEC Summit, President Sebastian Pinera announced on Wednesday, as a wave of violent riots continues to grip the country.

Democrats are favoured to win control of the Virginia state legislature amid increased party enthusiasm and support from moderates and independents ahead of next week’s general election that could enable the state to join the RGGI ETS, according to a new study published this week.