Carbon Pulse

The Republican-controlled Ohio House of Representatives passed a bill on Wednesday to subsidise two nuclear plants slated to close in 2021, but the latest version of the legislation would eliminate the state’s renewable portfolio standard (RPS), which incentivises clean energy.

California Carbon Allowance (CCA) prices rose this week amid increased buying after the most recent WCI auction fell within market participants’ expectations, while RGGI Allowance (RGA) dipped in front of their own quarterly sale.

European carbon prices dipped in a quiet session on Thursday to remain locked in a narrowing channel, as the market braced for new allowance supply to mushroom next week.

While EU carbon’s increasingly rangebound trade is pointing to an impending breakout, more experts are breaking with those technical conventions and expecting prices to remain near current levels in the coming months.

New Zealand on Thursday allocated funds to begin building an NZU auctioning platform through its 2019 budget, but did not offer any new information on the future level of the fixed price option, sending prices tumbling to 6-month lows.

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

California’s forestry protocol likely underestimates its long-term environmental benefits, and a recent policy report critical of the offsets does not provide any new information, a group of offset developers said in a statement Wednesday.

A new multi-stakeholder coalition will begin the process of studying how to best to implement a possible carbon or energy efficiency credit trading programme in New York City's buildings sector during the next decade, with a possible eye to expanding such a system to other international cities.

Connecticut’s Department of Energy and Environmental Protection (DEEP) is determining the next steps to revise its post-2020 regulation for the northeast US RGGI carbon market after a legislative committee rejected the proposal due to numerous errors, an official told Carbon Pulse on Wednesday.

The EU’s 21 remaining coal-burning nations are being urged to come clean on their phase-out plans after green groups found just eight were planning to eliminate the fuel from their power mix by 2030, while several more are receiving EU aid to transition to cleaner sources.

EU carbon prices ended little changed on Wednesday in thin, auction-free trade that belied traders’ preoccupation with technical signals that are raising the prospect of a sudden price move.

The Saskatchewan government is keeping in mind certain federal eligibility criteria to allow jurisdictional offsets to qualify under Ottawa’s large emitter trading system, and the Canadian province will soon commence a series of stakeholder meetings as it looks to operationalise its own compliance offset programme next year.

A UK court case against eight defendants for an alleged carbon credit investment scam has collapsed after the prosecution’s expert witness – a former London emissions broker – was discredited by members of the defence team, in a move that could now have widespread ramifications for previous prosecutions.

Steelmaker ArcelorMittal has flagged its second cut in EU ETS-regulated output this month, blaming a surge in imports and weak demand as it launched a net zero 2050 EU emission roadmap that it said would require substantial government aid and a carbon border tariff.

New Zealand carbon allowances continue to drift amid the uncertainty lingering after the recent government ETS announcement, with permits trading below the NZ$25 fixed price option level for the first time in almost four months.

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

The Senior Program Officer, Climate Investment Standards will adapt and develop standards for ACRs emerging capital markets practice.

As a part of the Colombian Carbon Tax team, you will deliver all milestones proposed for projects under the Colombian Carbon Tax rules and collaborate with other members of the Projects and Development team.

A Connecticut legislative review committee has rejected regulations to implement the post-2020 RGGI Model Rule due to numerous errors in the proposed draft, according to a report released Tuesday.

German emitters ramped up their buying of EU Allowances in April, according to a government report released last Tuesday.