Carbon Pulse

This role will support the work of the NDC Hub in the area of climate change project development, tapping available climate finance, in close collaboration with the NDC Hub Senior Investment Specialist, Mitigation expert and NDC Hub management and other Hub staff.

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

A private-sector taskforce assembled by former Bank of England boss Mark Carney that is aiming to scale up global voluntary carbon offsetting will endeavour to launch a new “credible” market by early 2021, according to reports.

Speculators and compliance entities both increased their California Carbon Allowance (CCA) holdings this week as prices increased on the secondary market, US Commodity Futures Trading Commission (CFTC) data showed Friday.

The European Commission will try to accommodate demands from some EU nations reluctant to endorse a higher 2030 emissions reduction target by assessing the impact on individual member states and sectors, the Commission’s climate chief Frans Timmermans said Friday.

The New York Public Service Commission (PSC) on Thursday identified the Northern New York transmission line project as high priority for meeting the state’s enhanced renewable targets, as it added new programmes and carve-outs to the Clean Energy Standard (CES).

EU carbon prices jumped on Friday, fuelled by a very bullish auction result, but gave back all those gains to close at their lowest in four months and notch a 3.2% fall for the week. 

Several richer EU nations may fall short of their emissions reduction targets in sectors not covered by the ETS, according to the European Commission’s assessment of national climate plans released this week as the bloc’s leaders discuss whether to increase climate ambition even further.

Voluntary carbon project developers are optimistic about their growth prospects, regardless of warnings that the onset of the Paris Agreement era may drastically shrink supply.

Closing prices, ranges and volumes for China's regional pilot carbon markets this week.

Australia’s Clean Energy Regulator issued more than 1.2 million new carbon credits this week as developers LMS Energy and Terra Carbon requested crediting for a big number of projects, while analysts said they see domestic offset prices over tie aligning with large-scale generation certificates.

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

US agriculture technology company Indigo Ag on Wednesday announced that nine domestic and multinational businesses will purchase carbon credits for sequestering GHGs in soils, with the price coming in on the high end of global voluntary offset market values.

RGGI allowance (RGA) prices neared the $7 mark this week on heightened speculator interest and bullish expectations for the post-2020 emissions trading programme, as California Carbon Allowance (CCA) values gained ground on the WCI carbon market's 2021 auction reserve price.

The US Federal Energy Regulatory Commission (FERC) on Thursday said it has the authority to consider subnational proposals to incorporate carbon prices into wholesale electricity markets, but called for input on how certain details could fall within the agency’s jurisdiction.

No EU carbon border adjustment mechanism (CBAM) option under consideration will be exempt from a potential WTO challenge, industry representatives told the Carbon Forward 2020 conference on Thursday, adding that “nitty-gritty” details will determine compatibility with international trade rules.

EUAs fell below €25 to their lowest since mid-June on Thursday, testing a key technical support as more COVID-19 restrictions and a Brexit talks impasse spurred selling.

The EU carbon market could be on the verge of breaking into a much higher price range above €30 based on a strengthening bullish consensus amongst investors, experts said at this week's Carbon Forward 2020 conference, predicting that several new breeds of EUA buyers could lead the way.

Launching a UK carbon market and linking it to the EU ETS within the next 18 months, all while maintaining coverage on UK-based installations, “is doable”, the European Commission’s former top climate official said Thursday.

The 27-nation European Council is willing to find a compromise with poorer EU countries in order to agree a 2030 emissions reduction target of 55% by year-end, draft summit conclusions show, as some governments that were previously reluctant start to get on board with the European Commission’s proposal.