Carbon Pulse

China's failure to implement announced capacity regulations for the steel sector and will result in additional CO2 emissions of some 200 million tonnes this year, researchers said Thursday, a case likely to raise fresh concerns on CO2 reporting in the country's ETS.

The UK’s official climate advisors want the government to set a 2030 target to cut emissions 68% under 1990 levels, up from the current 61%, and would support the use of offsets for effort beyond that.

Growing interest from large corporations and an increase in voluntary emissions targets are making sure Australia’s carbon offset market is seeing rapid growth despite the federal government’s reluctance to impose climate obligations on big emitters, a conference heard Thursday.

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

European carbon prices bounced back on Wednesday, closing at a 2.5-month high and resuming their uptrend as data showed investors continued to build long positions.

The UK is considering announcing a major hike in its near-term climate ambition when it hosts world leaders next week, a move that could strengthen the country’s post-Brexit carbon pricing plans due to be rolled out in January.

Two major UK land-based domestic offsetting standards have merged as voluntary market demand for their carbon credits soars.

A Georgia man pleaded guilty in US federal court on Tuesday to defrauding seven individuals in a million-dollar carbon credit scandal, having told the victims their investments in non-existent offsets would be realised through California carbon allowance auctions.

The European Council has suggested strengthening the EU ETS as a way of convincing poorer member states to raise the bloc’s 2030 emissions reduction target to at least 55%, according to draft conclusions circulated ahead of a key summit next week.

Russian gas producer Novatek has opened its first carbon-neutral LNG fuelling station in Europe, offsetting the related emissions using voluntary credits.

US biofuel credit (RIN) values rose this week as the EPA missed a statutory cut-off date to finalise next year’s Renewable Fuel Standard (RFS) quotas, while a lack of sellers also pushed biodiesel-based credit prices to a three-year high.

Hubei province will auction off 3 million carbon allowances over two sales on Dec. 9 and 11, with the biggest restricted to ETS-regulated entities that have emitted more than their annual free allocation.

EKI (Enking International) Energy Services Ltd is looking for 3 Sales Managers for the International Carbon Market, located in New York (USA), London (UK), and Sydney (Australia).

Japan is considering a carbon pricing mechanism, but will not propose one ahead of the general election next October, a ruling party lawmaker said Wednesday.

New Zealand carbon allowances rose to a fresh record high on Wednesday after a two-week pause as the market remains bullish on long-term trends.

New York finalised its post-2020 RGGI regulation on Tuesday, cementing the programmatic changes that are largely seen as bullish by market participants for the soon-to-be 11-state programme.

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

California’s cap-and-trade regulated entities decreased their offset usage at this year’s interim compliance deadline for 2019 obligations, while indirect power sector emissions dropped year-on-year, according to data published by state regulator ARB on Tuesday.

Starting from January 2021 we are looking for someone to fill a new position of Policy Officer. This person will be responsible for carrying out a written, in-depth analysis of EU legislative processes around the Farm to Fork and Biodiversity Strategies in the Green Deal, to be shared with ECVC members and leadership.

Traders anticipate the RGGI auction on Wednesday will settle near secondary market pricing levels, with some questioning whether regulated parties may bid more aggressively as the Northeast US cap-and-trade scheme transitions to the post-2020 period.