Carbon Pulse

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

The US EPA will issue the majority of pending 2019 compliance waivers under the Renewable Fuel Standard (RFS) in the final week of President Donald Trump’s tenure, according to a media report published Wednesday.

California issued fewer than 200,000 offsets in its first issuance of 2021, with a majority of the new credits coming from an existing forestry project, according to data published by regulator ARB on Wednesday.

An obligated party under the US Renewable Fuel Standard (RFS) has requested a Texas court grant a temporary restraining order against a commodity firm, fearing that the company could become insolvent due to the millions of dollars in unfilled biofuel credit (RIN) contracts it is alleged to owe.

EU negotiators expect to reach a political agreement on the 27-nation bloc’s landmark Climate Law in March, ahead of a key European Council summit that will provide further guidance for future climate legislation, according to sources involved in the process.

California electricity sector emissions declined in November to recede below 2019 levels, while also breaking a three-month trend of year-on-year GHG increases amid hotter weather across the Golden State, according to California Independent System Operator (CAISO) data.

In Dec. 2020, WWF published a 'Blueprint for Corporate Action on Climate and Nature', setting out a vision for how companies should follow the mitigation hierarchy to address the climate emergency, informed by science and the Paris policy environment. Here are Gold Standard's key takeaways for the voluntary carbon market.

China’s environment ministry on Wednesday released a guidance document on climate change and air pollution, which in time could have a significant impact on the status of the national emissions trading scheme.

EUAs slid below €34 early on Wednesday for the first time in four sessions, continuing the retreat from Tuesday's record high amid a major pullback in gas prices and signs of a technical reversal in carbon, as data showed the influx of participants into the market continued.

A third of the allowances on offer at 2021’s first South Korean carbon auction were left unsold on Wednesday as the market continues to be gripped by bearish sentiment.

Australian Carbon Credit Unit (ACCU) prices in the secondary market are likely to tick up this year as pressure continues to mount on the government to tighten climate policy settings, analysts said Wednesday.

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

Two environmental groups on Tuesday asked a North Carolina commission to move forward with a rulemaking to enact a RGGI-aligned cap-and-trade regulation, aiming to extend the regional US power sector programme further into the South.

An investment firm has acquired a majority stake in a Houston-based environmental trading firm, the two parties announced Tuesday.

Washington state legislators put forth a WCI-modelled carbon market bill this week as requested by Governor Jay Inslee (D), with the proposal aiming to enforce compliance obligations on power importers and natural gas suppliers several years after other sectors.

EUAs jumped to a new all-time high above €35 on Tuesday as gas and other European energy prices spiked on a looming blast of colder weather.

California’s lone nuclear power plant could be offline for several months, potentially resulting in the utilisation of more carbon-emitting sources to cover electricity demand in the first half of the year, several market participants said.

US GHG output is expected to have plummeted by double digits last year due to lower fuel consumption brought on by the coronavirus pandemic and a continued decline in coal-fired power, but analysts foresee these cuts will not sustain absent a structural change in the economy.

A Singapore-based energy trading firm has hired a former offset originator with Shell to help build a carbon trading business.

Developers under contract with Australia’s Emissions Reduction Fund have delivered more than 1.5 million carbon credits to the government since the start of December, while reports say Chevron is facing fresh problems with storing carbon at its Gorgon LNG platform.