Carbon Pulse

The Canadian government approved Ontario and New Brunswick’s output-based pricing systems (OBPS) under the federal carbon pricing framework on Monday, despite Ottawa’s own admission that both programmes in the conservative-led jurisdictions will achieve fewer GHG reductions than the ‘backstop’ mechanism.

Norway is prepared to finance two-thirds of the cost of the world’s full-scale industry CCS project, which will initially capture cement emissions but could eventually store CO2 shipped from the rest of Europe.

European carbon prices sank to a two-week low on Monday on another bearish auction result and as wider markets fell on fears of that a resurgence in coronavirus cases could spur a new round of government-imposed restrictions.

China’s State Council has backed the establishment of a separate exchange for trading voluntary carbon credits likely to be set up in the Beijing region, which some market observers expect to gradually take over handling of CCERs.

Fewer EU industrial sectors will be eligible for indirect ETS cost compensation through 2030 while the share of costs eligible will be reduced, according to revised guidelines adopted by the EU on Monday.

The Australian federal court has found three men guilty of promoting tax avoidance over the years 2009-12 through a scheme that convinced clients to buy non-issued forest protection carbon credits by promising the investments would be tax deductible.

Genesis Energy is looking for an experienced analyst to join its middle office.

The Senior Carbon Coordinator will lead the exploration, evaluation and development of new carbon opportunities and associated strategy and policy advice at the ILSC.

EU carbon prices could double within the next four years should lawmakers agree to tighten the market based on some of the proposals floated by the European Commission.

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

Members of the US' PJM power grid should choose CO2 pricing mechanisms like RGGI to lower emissions and generate revenue, rather than relying on inconsistent and expensive Renewable Portfolio Standards (RPS) and subsidies to do the job, the regional transmission organisation’s market monitor said Friday.

Emitters continued to reduce their California Carbon Allowance (CCA) holdings this week as prices rose on the secondary market, while speculators added to their collective position, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

The Q4 California-Quebec carbon auction will feature 56.4 mln current permits in the final WCI quarterly sale of the year, slightly more than previous estimates due to the inclusion of some past vintage units.

Coal power phaseout plans by EU member states have accelerated in the past months to mean that coal's share of the bloc's electricity mix may decline by more than two-thirds over the fifteen years to 2030, according to a European Commission assessment of the 27 nations’ climate plans.

The Brazilian National Energy Policy Council (CNPE) has officially slashed the 2020 targets for the country’s RenovaBio programme in response to the COVID-19 pandemic, with the government’s decision spurring an increase in carbon credit trade under the biofuels market.

EUAs fell to a one-week low below €28 early on Friday, after a weak auction exacerbated the bearish ‘fact-selling’ mood following this week's release of Brussels’ long-awaited climate plan.

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

The state of South Australia should seek to join California’s emissions trading scheme or form a domestic emissions market in order to generate and sell offsets from carbon stored in soil or water, one of the nation’s most prominent economists has recommended in a government-commissioned report.

The recent failure to fetch any premium at China’s first-ever carbon neutral LNG auction shows market appetite is still low, but upstream suppliers can help by improving their information disclosure, according to a report released by a state-owned gas distributor.

The Emissions Reduction Fund committed to buy more carbon credits than at any sale since Dec. 2017, though the price came down somewhat from the record level at the March event, Clean Energy Regulator data showed Friday.