Carbon Pulse

A collection of global leaders, businesses, civil society organisations, and others announced ambitious plans to slash GHGs at the UN secretary-general’s Climate Action Summit on Monday, coming ahead of the 2020 deadline for countries to revamp their Paris Agreement commitments.

In order to prepare for the major planned expansion due to the implementation of ICAO’s CORSIA on a global basis, and to build up a team of professional auditors, Verifavia is recruiting aviation auditors for its Paris and Chandigarh offices.

UK-based Thomas Cook, the world’s oldest travel firm, went into administration on Monday, resulting in the exit of yet another large airline from the EU ETS.

European carbon sank back below €26 on Monday, giving back the previous session's gains amid losses across the energy complex, signs of a worsening economy, and as EUA auction demand appeared tepid.

Carbon prices of up to $50-100/t could be introduced over the next decade without jeopardising industrial competitiveness, according to a report backed by nearly 50 businesses and business groups.

South Korean carbon allowances rose to fresh record highs for the sixth session in a row on Monday, as the market entered its last week before the Sep. 30 deadline for 2018 compliance.

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The phasing out of coal power across the EU could result in up to 2.2 billion unused EUAs that risk weighing on prices unless lawmakers enact further reforms, according to environmental campaigners Carbon Market Watch.

The German government on Friday unveiled a comprehensive new €50 billion climate plan, which centres around a domestic trading scheme for the country’s transportation and heating sectors, and price controls for both EU ETS and non-ETS allowances.

Germany has agreed to France’s urgings to consider an EU carbon border measure, adding to the increasing number of European proponents for a policy to shield the bloc’s industry from foreign rivals not faced with comparable environmental limits.

California and Quebec's final carbon auction of 2019 will include nearly 76.5 million current and future vintage allowances at its Nov. 19 sale, according to an auction notice released Friday.

Numerous carbon pricing bills introduced in the US Congress this year could require further work in order to properly implement a price-ratcheting mechanism tied to GHG goals and a border adjustment for fossil fuel exports and imports, experts said Friday.

EU transport ministers supported continuing to include flights in the EU ETS on Friday but will still leave open whether to protect the policy at UN body ICAO's triennial meeting next week, which is expected to seek to shut it down.

California regulator ARB should develop automatic supply triggers to manage the volume of ETS compliance instruments in circulation, along with examining whether banked allowances should be discounted based on vintage year, according to a draft watchdog report released Friday.

EUA prices continued to recover from this week's losses, climbing further above €26 on Friday as the energy complex continued to lift on rising geopolitical tensions.

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

South Korean CO2 allowances rose another 3% in Friday trade to fresh all-time highs, pushed up by small buyers willing to pay high prices for the modest amount of permits they need.

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California regulator ARB endorsed the controversial Tropical Forest Standard (TFS) on Thursday, coming roughly 10 months after the agency first attempted to greenlight the framework that could serve as a model for jurisdictional REDD programmes in compliance-based and voluntary carbon markets.

California Carbon Allowance (CCA) secondary market prices sank this week as participants looked to shift positions further out on the curve, while RGGI allowances (RGAs) rose slightly on thin volume.