Carbon Pulse

California’s amended post-2020 allowance reserve tiers are not currently incorporated in the WCI cap-and-trade programme’s Compliance Instrument Tracking Service System (CITSS), meaning some carbon permits currently sitting in jurisdictional accounts will be moved in subsequent quarters, state regulator ARB confirmed.

EU carbon allowance prices are forecast to rise significantly over the next few years, according to a trio of investment bank research reports released this week, adding to the growing chorus of bullish outlooks for the commodity.

The European Commission prefers a carbon border adjustment mechanism (CBAM) over giving EU allowances freely to energy-intensive industries, the EU climate chief’s head of cabinet said on Tuesday, adding that the bloc would likely maintain a lower number of free permits. 

EUAs slumped towards €25 early on Tuesday, extending an eight-week low on another weak auction and heightened fears about a resumption of more drastic coronavirus lockdown measures.

California’s ETS floor price expectations inched higher for the fourth consecutive month as federal data showed US inflation continued its upward trend after the onset of the COVID-19 pandemic.

Global CO2 emissions must be reduced by around 45% over the next decade compared to a business-as-usual scenario to put the world on track to achieving net zero emissions by mid-century, according to the IEA.

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

California carbon market participants see offset task force recommendations for a reduced invalidation period and a tradeable limit as positives, but foresee few market impacts if those changes were implemented.

California power sector emissions rose year-on-year in August as sweltering weather swept across the state, causing the grid operator to issue the first rolling blackouts since 2001, California Independent System Operator (CAISO) data showed.

The EU should stick to a "domestic-only" emissions target until at least 2030, a European Commission official said on Monday, dismissing a return to the bloc using international credits in the near-term.

The Bellona Foundation and Bellona Europa are looking to recruit a full-time Climate Policy Manager to be based in Germany, preferably Berlin, to support and expand Bellona’s work on industrial decarbonisation and other climate issues in the region.

Expanding the scope of the EU ETS to include the bloc’s building stock will not alone address emissions from the sector, MEPs and experts said on Monday, as the European Commission prepares to unveil its strategy to modernise heating and cooling systems this week.

EUAs fell to their lowest in almost two months on Monday amid a weaker energy complex, technical selling, and worries over the coronavirus, reinforcing the downward trend that pushed prices nearly 5% lower last week.

A report commissioned by the Chinese government recommended on Monday that China set an absolute cap on CO2 emissions in the 14th five-year plan and strengthen its 2030 targets under the Paris Agreement.

The NZ EPA is looking for a Registry Analyst to provide analysis, business and administrative support to the New Zealand Emissions Trading Register.

It's officially autumn; EU carbon allowance (EUA) compliance buyers are weighing up the choice between doing their 2020 buying now or waiting till the spring, fuel prices are on the rise as temperatures fall, and analysts have updated their price predictions for the rest of the year. Time for a stock-take.

Australia setting a climate target in line with the Paris Agreement would create A$63 billion ($45.3 bln) worth of investment opportunities by 2025, with more than half of that tied to carbon sequestration and the offset market, according to a report released Monday.

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

Speculators increased their net California Carbon Allowance (CCA) length by the largest amount since early February over the past week, as compliance entities reduced their allowance holdings, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

A confluence of factors in mid-August led the California grid operator to issuing rolling blackouts to cope with rising electricity demand amid a heat wave, with resource planning for clean energy contributing, a preliminary report found.