Carbon Pulse

Australia’s Clean Energy Regulator has awarded over 770,000 carbon credits in the past three days as a growing number of project owners seek to get their issuances before the June 30 end of the financial year.

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

California regulator ARB cited numerous errors in a recent policy brief criticising the state’s cap-and-trade forestry protocol, while refusing an independent technical review of the methodology requested by state legislators, according to a letter seen by Carbon Pulse.

Ottawa will not impose its federal carbon tax on Alberta until Jan. 1, 2020 after the province’s new conservative government eliminated its C$30/tonne levy last month, allowing the country’s largest-emitting jurisdiction to avoid paying for some fossil fuel-related emissions over at least the next seven months.

The New Brunswick government proposed its own output-based pricing system (OBPS) for large emitters on Thursday, but the market’s less stringent facility-based industrial benchmarks and electricity standards could run afoul of the Canadian federal government’s ‘backstop’ mandate.

US-based environmental analytics firm Ecosystem Marketplace has lost its program manager to embattled green group The Nature Conservancy (TNC), Carbon Pulse has learned.

California Carbon Allowance (CCA) prices plummeted by double-digits over the week, a move traders attributed to options positions and post-auction regrouping, while RGGI allowances (RGAs) also dropped despite a surge of activity on the secondary market.

Canada can meet its Paris Agreement goal by roughly doubling the price of its rising ‘backstop’ carbon tax to C$102 ($77) and expanding the policy’s geographical and sectoral coverage, all at a relatively small economic cost, according to a government report released Thursday.

EU airlines are being advised to continue monitoring their 2019 international flight emissions despite a lack of rules to govern the process due to bureaucratic delays.

EUAs lifted back towards €25 on Thursday, with carbon barely responding to a jump in oil prices as the ongoing Brexit debacle helped to cap gains.

UK-based coal-fired power station Fiddler's Ferry will close its remaining operational units by next year, owner SSE announced on Thursday amid toughening economic conditions for the plant.

The Shanghai United Assets and Equity Exchange has issued a tender seeking bids to build the trading platform for China’s national carbon market, one of the last pieces of the puzzle before the world’s biggest cap-and-trade programme can commence.

NZUs shed another 3.4% on Thursday, dropping below NZ$23 as demand remained minimal following the government's lack of clarity over the market's de-facto price cap.

Queensland on Thursday approved Adani’s groundwater plan for its Carmichael mine, the final approval required to begin construction at what will become one of Australia’s biggest coal mines.

Poland intends to auction next year a further 50 million EUAs from its unallocated reserve of free ETS allowances that are earmarked for the country’s power sector, the European Commission announced late Wednesday.

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

California regulator ARB issued offsets this week to a pair of mine methane capture (MMC) projects for the first time in nine months, while the total issuance dropped to an 11-month low of 110,000 compliance-grade credits, according to state data.

Energy-related CO2 output rose 2% worldwide last year, the fastest rate since 2011, as extreme weather stoked demand for heating and cooling, a report found on Wednesday.

Transportation and Climate Initiative (TCI) jurisdictions in the northeast US are cautiously optimistic about finalising a carbon programme design before their December deadline, but others believe a tight timeframe could see the states miss that self-imposed cut-off date, numerous sources told Carbon Pulse.

Oregon state Democrats have lined up several amendments before the legislature’s fiscal committee votes on the proposed WCI-modelled cap-and-trade programme, while opponents have continued to attempt to weaken the bill.