Carbon Pulse

Static year-on-year inflation kept the WCI cap-and-trade programme’s price floor on track for $16.67 next year, but a direct comparison with the Oct. 2018 rate suggests the price could slide further, according to US federal data released Thursday.

Oil major Shell will offer British drivers the chance to offset their carbon footprint, it said on Thursday, expanding from its Dutch initiative as part of a global commitment to invest $300 million in land-based emissions-curbing initiatives.

European carbon prices continued to rebound somewhat on Thursday, rising further from yesterday's six-month low on bullish auction results, as well as short-covering and opportunistic compliance buying.

Poland’s former Environment Minister Jan Szyszko died on Wednesday at the age of 75, the government announced.

Australia’s Clean Energy Regulator issued over 460,000 carbon credits this week, surpassing 12 million offsets in 2019 as vegetation and waste projects continue to dominate the programme.

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

A US federal judge threw out California utility Pacific Gas & Electric's bankruptcy exclusivity claims on Wednesday and will allow bondholders and wildfire victims to submit a competing reorganisation plan.

Germany’s ministerial cabinet on Wednesday approved the government’s new €54 billion climate plan after making a few tweaks, sending the proposals to tackle non-EU ETS emissions for passage by parliament and state lawmakers.

California stands a long way off from meeting its ambitious 2030 emission reduction targets at the current pace of decarbonisation, as increased wildfires further jeopardise the state’s climate progress, a new report found.

California regulator ARB granted more than 349,000 new offsets (CCOs) across two protocols this week, while it reduced the invalidation period on 3.3 mln existing credits, according to data released Wednesday.

Traders view Pennsylvania’s recent announcement that it will develop a RGGI-modelled ETS regulation as a positive step for the Northeast US programme, but several potential obstacles towards realising the policy may blunt any near-term secondary market impacts.

Oil and gas company Woodside Energy has teamed up with environmental firm Greening Australia to carry out a large-scale tree planting project that is expected to generate 1 million offsets over the next 25 years.

New Zealand Prime Minister Jacinda Ardern on Wednesday reiterated the need to reduce carbon emissions from agriculture and the opportunities such action might bring, amid a domestic row that is delaying plans for how to bring the sector into the NZ emissions trading scheme.

EUAs fell towards €22 early on Wednesday to further extend their six-month low, but recovered after a strong auction and signs that a Brexit deal may still be in the works.

Indonesia has established a new agency to channel funding for a ramp up on climate action, including any trading of carbon credits with developed nations or potential domestic emissions trading programmes.

This position provides leadership, support, and coordination to Prince Edward Island’s climate change adaptation efforts.

Failure to agree on rules for Article 6 at this year’s UN climate talks in Chile could see countries like Australia and New Zealand forging their own bilateral links to get access to the international credits they need to fulfil their Paris Agreement pledges, market experts warned Wednesday.

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

Ireland’s centre-right government on Tuesday released its 2020 budget, which includes an annual increase in the country’s carbon tax to help fund decarbonisation efforts.

Oregon green groups launched a new initiative on Tuesday that may give voters the chance to endorse deep decarbonisation and clean energy goals next November if state lawmakers cannot salvage WCI-modelled cap-and-trade legislation in the upcoming legislative term.