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News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 2 hours 58 min ago
California’s PG&E outlines details on PPAs ahead of bankruptcy hearing
California utility Pacific Gas & Electric (PG&E) will account for all existing power purchase agreements (PPAs) in its reorganisation plan as it seeks to finalise a proposal by mid-2020, according to a pre-hearing filing.
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IncubEx lures another emissions market expert away from rival ICE
Product and business development firm IncubEx has lured another emissions market expert away from rival ICE.
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UK should set post-Brexit ETS cap in line with net zero goal -advisors
The UK should set the cap for its post-Brexit carbon market in line with its recently agreed net zero 2050 emissions target, the British government’s expert advisors have said in response to a consultation.
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Glasgow selected as venue for UN climate talks in 2020
Next year’s UN climate summit will be held in Glasgow, the UK government announced on Friday, assuming the country wins in its bid to host the annual conference.
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Provincial offset protocol list for Canadian OBPS could be delayed till fall, sources say
The Canadian government may push back releasing a list of provincial offset protocols eligible under the federal ‘backstop’ output-based pricing system (OBPS) due to delays with several jurisdictions, sources told Carbon Pulse.
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CN Markets: Pilot market data for week ending Aug. 9, 2019
Closing prices, ranges and volumes for China's regional pilot carbon markets this week.
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Australia’s weekly offset issuance triples as landfill projects claim credits
Australia’s carbon credit issuance ballooned this week, with the Clean Energy Regulator handing out over 580,000 offsets and landfill projects claiming the vast majority.
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Emitters paid fixed price for more than half of their 2018 NZ ETS surrender obligations
Participants in New Zealand’s emissions trading scheme paid the NZ$25 fixed price option instead of surrendering permits for over half the 32.8 million tonnes CO2e in compliance requirements for 2018, government data showed Friday.
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Vietnam to introduce pilot carbon tax for power, cement production
Vietnam is planning to launch a two-year pilot carbon tax for thermal power generation and cement production across four provinces as it steps up market-based efforts to stymie its rapidly rising greenhouse gas emissions.
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South Korean firms sign major CDM deal in Bangladesh
Korea Midland Power and trading firm Ecoeye have signed a deal with subsidiaries of state-owned oil and gas firm PetroBangla to develop a CDM project that will generate some 1 million carbon credits annually for use in the South Korean emissions trading scheme.
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CP Daily: Thursday August 8, 2019
A daily summary of our news plus bite-sized updates from around the world.
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Low-cost EU airlines see flight emissions take off in July
Carbon emissions from two of Europe’s biggest low-cost airlines rose considerably in July, putting both on track to record higher CO2 output and face costlier EU ETS bills this year.
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World Bank extends carbon credit eligibility ahead of N2O auction
The World Bank’s Nitric Acid Climate Auction Program (NACAP) has extended the emission reduction generation period that eligible CER and VER carbon credits can be delivered into the programme.
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NA Markets: WCI steps down as RGGI hits five-month low
California Carbon Allowance (CCA) prices dropped on the secondary market this week ahead of the quarterly WCI auction, while RGGI allowances (RGAs) plumbed a five-month low as compliance entities took advantage of the price drop.
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TCI states will see transport emissions drop without cap-and-trade scheme -analysis
The Transportation and Climate Initiative (TCI) jurisdictions in the northeast US and Mid-Atlantic are likely to see tranpsort sector emissions decline from more stringent federal fuel economy standards and greater deployment of electric vehicles, according to initial reference case results.
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UN panel flags potential role for land-use carbon incentives, warns on BECCS
Paying landowners to protect their land could play a vital role in tackling climate change, though large-scale bioenergy use and storage could worsen the effects without careful management, according to UN-backed scientific panel IPCC in a landmark report.
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EU Market: EUAs again climb back from sub-€28 test, as market seeks direction
European carbon continued to show little direction on Thursday, with traders holding prices between €28 and €29.
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British Columbia finance committee calls for review of carbon tax
The British Columbia Assembly should review its C$40 carbon price as part of a comprehensive evaluation of the Canadian province’s taxation system, a legislative committee said on Wednesday.
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Utility Uniper sees H1 earnings slide as higher CO2 costs limit coal burn
Germany-based utility Uniper saw its earnings almost halve over H1 as higher CO2 prices increased hedging costs and reduced the operating hours of its big-emitting coal generators.
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SK Market: Korean CO2 permits hit record highs amid supply shortage
South Korean CO2 allowances rose to all-time highs in Thursday trade as demand continued to outweigh the slow trickle of supply in a market deemed short overall, forcing emitters to consider borrowing from future allocation.
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