Carbon Pulse

European carbon prices sank towards €26 on Thursday after the daily auction posted a weak result for a second straight day.

New Zealand’s main farming lobby has rejected the government’s target for methane emission cuts from livestock, saying it would disadvantage the nation’s food production industry.

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Compliance entities' short positions on the V19 California Carbon Allowance (CCA) contract peaked at the end of June as prices rebounded slightly after their first major retracement, according to US Commodity Futures Trading Commission (CFTC) data.

California fuel consumption continued to see year-on-year declines during the first quarter of 2019, as higher retail prices and greater renewable content in diesel lessened entities' compliance obligations under the state's WCI-linked ETS.

The European Commission registered a carbon pricing petition on Wednesday, in a move that could eventually spur tougher curbs on emissions amid mounting public anger over inaction on climate.

European carbon prices are holding at elevated levels in the €26.00-27.50 range, but according to a poll of analysts there appears to be a growing disparity in views as to the direction EUAs will go next.

A carbon price of around 50 yuan ($7.27) per tonne could be sufficient to help throttle new coal investments in China, especially in combination with other regulatory efforts to reduce the risks of new fossil fuel construction, according to an energy advisory group.

EUAs sank early on Wednesday after struggling to absorb Poland’s bumper auction, though prices soon recovered.

Eight companies missed the June 30 annual compliance deadline for Shenzhen’s emissions trading scheme, but have been given until Sep. 10 to make good before penalties kick in.

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An Oregon Democratic senator that opposed the state’s WCI-modelled cap-and-trade proposal sees a potential path forward to pass climate legislation during next year’s short session, the legislator told Carbon Pulse Tuesday.

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Alberta-based offset project developer and consultancy Carbon Credit Solutions has acquired fellow advisory firm and green technology company Cap-Op Energy, with an eye to supplying more than 1 million provincial offset credits this year, the companies announced Tuesday.

Dutch plans for a carbon tax on heavy industry could soon spread to other EU nations, with governments seeking economy-wide GHG reductions starting to target the sector after years of flat emissions levels.

EU Allowance prices rose on Tuesday morning, extending the previous day's rebound as aggressive auction bidding supported.

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Romania appears set to join a growing number of Eastern European in planning to shift away from offering utilities free carbon allowances next decade.

Oregon Governor Kate Brown (D) will look into executive and regulatory action to implement a WCI-modelled ETS if future legislative efforts fail to reach a compromise, she said Monday.

Twenty-two entities opened Compliance Instrument Tracking System Service (CITSS) accounts in the California carbon market during the second quarter as another two closed theirs, data from state regulator ARB showed on Friday.