Carbon Pulse

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

San Diego County is appealing last year's California court decision that threw out its climate plan allowing for out-of-jurisdiction voluntary offsets, while green groups are reiterating their steadfast opposition to the strategy.

RGGI allowance (RGA) prices rose with increased activity on the secondary market this week, while California Carbon Allowance (CCA) prices stagnated as participants focused on shifting deliveries further out on the curve.

Two Pakistani suspects in a €136 million tax evasion and money laundering scheme linked to the EU ETS have been arrested at Frankfurt airport, while another man charged in several similar French cases has been spotted hiding out in Israel.

California Carbon Allowance (CCA) prices may trend marginally higher in the next decade if the Trump Administration successfully prevents the Golden State from implementing higher vehicle GHG standards, analysts said Wednesday.

European carbon swung around in choppy trade on Thursday after an early price spike was unwound by selling fuelled by bearish fundamentals.

Launching an emissions trading system for large-scale emitters would help Pakistan to rapidly deploy climate-friendly solutions while also achieving major co-benefits such as reductions in its air pollution levels, according to a UN-backed study.

A carbon pricing instrument could support Pakistan reducing its greenhouse gas emissions and set the country into a lower-emissions pathway. However, carbon pricing cannot be seen in isolation, as an end in itself, and therefore it is important to ensure such approach is aligned with national priorities and that it can support and reinforce other existing policies, UNFCCC carbon pricing consultant Syeda Hadika Jamshaid argues in this op-ed.

NZU trade has been moribund in recent sessions, with outlook turning slightly negative amid reports that the government is struggling to finalise a deal to bring agricultural emissions into the ETS.

Australia’s Clean Energy Regulator swelled its carbon credit issuance to over 700,000 this week, with energy firm EDL earning the vast majority for emission cuts at a number of landfill sites.

South Korean carbon emission contracts set fresh records across the board again on Thursday, as the impending 2018 compliance deadline and a bullish long term outlook kept pushing up prices.

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

Three potential pathways exist for New York to approve a low-carbon fuel standard (LCFS) next year as support builds for the programme, an industry source said.

California regulator ARB issued nearly 1.3 million compliance offsets (CCOs) across seven projects this week and reduced the invalidation period on another 1.1 mln existing credits, according to data released Wednesday.

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A decision by Australia’s New South Wales to reject a coal mine application partly over climate concerns might signal regulators’ intention to investigate offset options in the future, lawfirm Clayton Utz said Wednesday.

EUAs sank towards their recent support level near €25 on Wednesday, as signs of stronger demand at the bumper Polish auction were eclipsed by weakness in the energy complex.

Information provider IHS Markit has launched a global carbon index, reflecting the rise in investor interest in environmental commodities.

Compliance pressure in the South Korea emissions trading scheme is not letting up as KAU18s added another 3.9% on Wednesday to hit a record high for the eighth straight day.