Carbon Pulse

Australia this week will detail a A$500 million ($338 mln) climate aid package for the Pacific, Prime Minister Scott Morrison announced Tuesday, although observers were left unconvinced as long as Australia does nothing to stem its own rising GHG emissions.

The record-breaking trend in South Korea’s emissions market continued Tuesday with KAUs hitting 30,000 won ($24.59) for the first time as the wide gap between demand and supply kept pushing prices up.

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Hamerkop’s aims is to rapidly expand access to climate finance to enable climate change mitigation and adaption actions by supporting NGOs, governmental and international development organisations as well as the private sector.

Germany is suspending some of its long-standing forest protection aid cash to Brazil because it doubts Brasilia is still making efforts to preserve its vast forests.

Massachusetts’ first offshore wind farm is facing new delays after the US Department of Interior (DOI) on Friday announced it would undertake additional analysis of the project and other proposed initiatives dotting the Atlantic Coast.

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Transportation and Climate Initiative (TCI) jurisdictions have begun work on policy scenarios for a proposed transportation carbon pricing mechanism in the Northeast and mid-Atlantic US region, a regulatory source told Carbon Pulse.

Germany’s coal phaseout will have little-to-no effect on power prices by 2030, provided renewables grow to account for two-thirds of supply by then, according to new research.

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European carbon tumbled to a one-month low on Monday after a bearish auction result knocked prices below key technical supports.

South Korea’s ETS prices surged 2.4% on Monday to close at fresh record highs, driven by frantic demand from emitters amid limited supply ahead of next month’s compliance deadline.

New Zealand carbon allowances recorded their fourth straight session of gains on Monday, climbing NZ$0.20 to reach their highest levels since early June.

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US biofuel credit (RIN) prices nearly halved on Friday afternoon ahead of the EPA granting 31 of the 38 outstanding compliance waivers for the Renewable Fuel Standard (RFS), ending months of speculation about whether the Trump administration would change course on the controversial policy.

EUAs lost ground on Friday but carbon stayed within its recent technical limits after a weak auction dented sentiment.

California utility Pacific Gas & Electric (PG&E) will account for all existing power purchase agreements (PPAs) in its reorganisation plan as it seeks to finalise a proposal by mid-2020, according to a pre-hearing filing.

Product and business development firm IncubEx has lured another emissions market expert away from rival ICE.

The UK should set the cap for its post-Brexit carbon market in line with its recently agreed net zero 2050 emissions target, the British government’s expert advisors have said in response to a consultation.