Carbon Pulse

The Q3 WCI advance auction settlement has surprised market participants, who had anticipated the Vintage 2022 sale to clear closer to the current vintage auction price with stronger bids.

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

EUAs lifted early on Friday amid a stronger energy complex and more bullish technical outlook, though carbon is on course to end the month almost 10% lower than where it began as higher auction supply looms.

World leaders are unlikely to heed the UN secretary-general’s calls for countries to ramp up their Paris Agreement ambition next month, as domestic concerns and indifference from the US administration and other global heavyweights outweigh increasingly alarming evidence of a climate emergency.

Australia’s Clean Energy Regulator issued more than 730,000 carbon credits week, nearly seven times as many as the previous week as energy firm LMS applied for a large amount.

The trade war with the US and the general downturn in China’s economy is making it tougher for China to act on climate change, a senior government official said Friday, dodging questions from reporters on whether Beijing would respond to calls from the UN Secretary-General to raise ambition levels at a summit in New York next month.

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

California Carbon Allowance (CCA) prices declined this week following the publication of the August WCI auction results, while RGGI allowance (RGAs) found additional support on thin volume ahead of the programme’s quarterly sale next week.

Washington state’s Puget Sound Clean Air Agency (PSCAA) will not take final action on a Low Carbon Fuel Standard (LCFS) for the four-county region until early 2020, a delay of several months from its original timeline.

California Low Carbon Fuel Standard (LCFS) credit prices rose to $200 on Wednesday, hitting an eight-month high and matching the programme’s record price levels on what some attributed to short covering.

Switzerland raised its long-term climate ambition on Thursday, setting a 2050 net zero emission target and keeping its aim of using international credits to meet some portion of that goal.

EUAs dipped below €26 early on Thursday amid a bearish energy complex and as traders grow increasingly wary of taking long positions ahead of next week's resumption of full-sized auctions.

Hydrogen could replace fossil fuels in the steel-making process and help decarbonise the sector globally almost completely by 2050 with a carbon price of around $35-50, a report said Thursday.

Japan’s environment ministry will this week submit a carbon pricing proposal to the ruling Liberal Democratic Party (LDP) as part of its tax reform package for next year.

World Wildlife Fund (WWF), one of the world’s leading conservation organizations, seeks a Senior Program Officer for its WWF-US Forest and Climate Team.

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

The European Commission adopted its post-2020 revised EUA auction regulation late on Wednesday, sticking to much of its original proposal after a short consultation period.

California fuel consumption fell in May for the fourth consecutive month as diesel sales continue to deviate from 2018 levels, likely leading to lower annual compliance obligations in the WCI cap-and-trade scheme.

Offset registry Climate Action Reserve (CAR) is aiming to finalise its voluntary Canadian grassland offset protocol this fall after the Ontario government cancelled the entity’s WCI contract earlier this year, and the methodology could still be used in federal or provincial-run compliance markets. 

California regulator ARB granted under half a million California Carbon Offsets (CCOs) across three protocols this week and reduced the invalidation period on an additional 447,000 offsets, state data showed.