Carbon Pulse

Eighteen entities opened California-based Compliance Instrument Tracking System Service (CITSS) accounts during the final quarter of 2020, as 10 others closed their accounts in the WCI-linked programme, data from state regulator ARB showed Wednesday.

The New York Department of Environmental Conservation (DEC) on Wednesday announced a $125/tonne social cost of carbon (SCC) for use in agency planning, vastly exceeding rate the US federal government has used to account for the economic costs of GHG emissions.

South Korea will auction more than 18 million CO2 allowances in 2021, with monthly volumes rising in the second half of the year when the third phase of the emissions trading scheme with tighter regulations kicks in, the annual auctioning schedule shows.

South Korea wants the share of coal in the nation’s energy mix to fall by a quarter over the next 14 years, but an increase in LNG consumption means the power sector’s carbon reduction target by 2030 is lower than for the overall economy.

Germany's federal regulator Bundesnetzagentur (BNetzA) on Wednesday published a list of 25 GW worth of hard coal and lignite plants that will serve as a final ranking of plants at risk of forced shutdown if upcoming closure tenders are undersubscribed.

China on Wednesday released the final allocation plan for participants in its national emissions trading scheme, clearing one of the last hurdles left before the market can open.

The US Department of Justice (DOJ) asked an appeals court to overturn rulings earlier this year that concluded California’s linkage with Quebec does not violate the Constitution, according to a brief filed by the agency.

European carbon prices rose to a new all-time high on Monday after the EU and UK reached a post-Brexit trade deal late last week, and as colder weather and limited allowance supply provided support.

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

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In the area of carbon neutrality, green energy and water services for companies, the existing market potential is outstanding, and the development prospects are excellent. To realize this potential, we are looking for you as a new member of our dynamic and international team. You report directly to the head of department.

The existing market potential for carbon neutrality, green energy and water services for companies is outstanding and the prospect of development is excellent. To realize this potential, we are looking for you as a new member to join our dynamic and international team. You will report directly to the head of department.

California divvied out 4 mln compliance offsets across all four active protocols this week, according to data published by state regulator ARB Wednesday, capping off a year that saw total credit issuances under the state’s WCI-linked carbon market rise 70% over 2019 levels.

With the holiday season upon us and the EU ETS’ Market Stability Reserve set to be reviewed by lawmakers in the new year, analysts have weighed in as to what’s naughty and what’s nice about the carbon market’s vital supply management mechanism, and what about it might change in the future.

EUAs climbed to within a few cents of €32 on Wednesday, moving up in thin holiday trade amid reports that a Brexit trade deal could be completed today, while data showed more investment and trading firms flocking to the market.

ICE Futures Europe, the continent's main emissions trading exchange, will launch a daily Phase 4 EU Allowance futures contract on Jan. 29, 2021 - the same day that the first permit auction for the EU ETS' 2021-30 trading period will be held.

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

US President-elect Joe Biden’s cabinet and executive office nominees are likely to initially focus on undoing environmental rollbacks from the prior administration, along with advancing ambitious climate policies through regulatory or executive actions in the face of resistance from Republicans, experts told Carbon Pulse.

EUAs climbed back above €31 on Tuesday as colder weather prospects dragged up power and fuel prices, with the announcement of a date for the resumption of auctions in 2021 lending support.