Carbon Pulse

France's energy and ecology minister Francois de Rugy has resigned after being embroiled in a scandal over spending taxpayer cash on lavish lobster dinners and home renovations.

France and Germany should set up a separate non-ETS carbon pricing system with willing EU countries and work towards integrating it with the bloc’s current carbon market, independent economic advisors from the two nations said on Tuesday.

Germany has launched a new tender to buy CERs to offset emissions from its 2018 business travel, setting extensive limits in a process that offers some clues as to what rich-nation governments may seek to push for under Article 6 of the Paris Agreement and the CORSIA international offsetting mechanism.

European carbon continued to consolidate above €29 on Tuesday, though some traders warned that the bullish drivers that have pushed prices to a new 11-year high this week appeared to be waning.

New Zealand’s government has reached an agreement with farmers to price the sector’s carbon emissions starting in 2025.

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

Allocations of free carbon allowances to new and expanding companies in the EU ETS dipped slightly in the first half of 2019, with some 65% of the earmarked permits still unused as the clock ticks down on tapping the reserve.

The focus for the Originator will be carbon origination and, in particular, offsets from Natural Climate Solutions (NCS). These are recognized as the largest, fastest, and lowest cost opportunity to deliver material carbon offsets by both reducing emissions from deforestation and creating carbon sinks.

Massachusetts will auction off allowances across two vintage years in December for its state-wide Global Warming Solutions Action (GWSA) programme, while the 21 regulated facilities have seen emissions drop through the first quarter.

Greek utility PPC failed to attract any bids for three of its lignite assets by a Monday deadline, as bidders preferred to wait for the new government’s rescue package.

Quebec's retirement of 1.8 million V17 carbon allowances last week will shorten the duration over which its remaining unsold permits will return to quarterly auctions in the WCI cap-and-trade programme, according to Carbon Pulse analysis.

The World Bank’s Forest Carbon Partnership Facility (FCPF) has selected emission reduction programmes from five developing countries to participate in the organisation’s Carbon Fund, bringing the nations a step closer to signing agreements seen as a possible base for forestry international emissions trade.

European Commission President nominee Ursula von der Leyen on Monday pledged to back a more ambitious 2030 EU emissions reductions target in a bid to secure the support of more MEPs ahead of her confirmation vote tomorrow.

Carbon Cap are now recruiting a carbon trader who will work closely with other members of the team reporting the Head of Investments.

The EU carbon bull run into a fourth day on Monday, with prices hitting a new 11-year high of €29.50 as power prices also soared to their highest so far this year.

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

California Low Carbon Fuel Standard (LCFS) credit prices drew closer to the $200 level this week, while market participants began focusing their attention to the programme’s upcoming quarterly data release.

California regulator ARB has not made adequate arguments in defending the state's compliance grade forestry offset protocol, and changes should made to address the methodology's lenient leakage guidelines, a new policy brief said.

Unspecified and renewable generation made up a larger share of California’s imported power in 2018, as those sources replaced lost hydroelectric power from in-state and out-of-state sources, according to California Energy Commission (CEC) data.

Poland’s EUA auction volumes for 2020, which were announced late Thursday, are around 20% higher than expected, leading analysts to question where the additional supply is coming from.