Carbon Pulse

California-registered forestry offset projects moved through regulator ARB’s approval process faster over the past two months after experiencing lengthy timelines at the beginning of the COVID-19 pandemic, according to registry and state data.

Canada’s proposed Clean Fuel Standard (CFS) will include several cost containment measures with price levels near those of California and British Columbia’s Low Carbon Fuel Standards (LCFS), according to a government presentation.

The European Parliament is likely to agree this week to fast-track the expansion of the EU ETS to include emissions from all ships using the bloc's ports, defying industry warnings that the move risks undermining efforts to regulate the maritime sector at a global level.

EUAs soared by more than 8% to hit a two-month high and notch a record close above €30 on Monday, with the aggressive buying fuelled by the emergence of a draft of a European Commission proposal to raise the bloc's climate targets and cut supply by more than some had expected.

China and the EU have agreed to establish a regular high-level dialogue to further discuss the extent to which Beijing can raise its climate ambition, EU leaders confirmed on Monday after talks with President Xi Jinping.

The US EPA announced Monday that it rejected all “gap filling” compliance waivers under the Renewable Fuel Standard (RFS), confirming media reports last week of the move seen as an attempt to bolster President Donald Trump’s electoral support in agriculture-heavy states.

China’s year-to-date total power consumption at the end of August stood 0.5% above the same period in 2019, government data showed Monday, the first time this year the nation has posted positive numbers as the world’s biggest-emitting economy continues to recover from the COVID-19 pandemic.

New Zealand carbon allowances hit record high levels Monday for the third time in four sessions, closing in on the NZ$35 fixed price option as available supply remained hard to come by.

South Korea’s environment ministry on Monday announced draft plans to increase the CO2 allowances in its ETS over the 2021-25 period after previously saying the amount would be reduced, while coal-fired power plants seem to remain in the scheme following ministerial wrangling.

The department is looking to fill climate policy-making roles in the Climate Change Division and the International Climate and Technology Division.

The Clean Energy Regulator is looking for an analyst/modeller to contribute to analysis and provide insights into key trends in the renewable energy and carbon markets.

The European Commission will propose raising the EU's 2030 emissions reduction target to “at least 55%”, while exploring a one-off supply cut as a way of aligning the ETS with the new goal, according to a leaked draft due to be presented over the coming days.

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

EUAs rose to their highest all week on Friday, but then eased back to notch a 3.3% weekly rise as MEPs agreed to push for the higher climate ambition.

Compliance entities trimmed their California Carbon Allowance (CCA) positions by more than 1 mln for the second consecutive week as speculative holdings rose, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

The oneworld airline alliance pledged to achieve carbon neutrality by mid-century on Friday, with several major carriers joining other member companies that had already announced similar emissions goals.

A pair of California Carbon Offset (CCO) projects in the western US applied to transition into the state’s Low Carbon Fuel Standard (LCFS), continuing a trend this year and going beyond dairy digesters located within the Golden State.

Germany will need to raise the costs under its domestic carbon pricing scheme for transportation and heating a second time in order to meet the more ambitious climate goals to be targeted by the EU, Economy and Energy Minister Peter Altmaier said Friday.

The EU will urge China to ramp up its climate policy in three areas at a high-level meeting on Monday, aiming to raise the ambition of the world’s largest-emitting country, EU officials said Friday.

A little-known sub-sector of the EU carbon market could be behind a gradual decline in the participation in daily allowance auctions, experts say, as it lets abstaining traders “shadow” the sales and buy from brokers at prices linked to the outcome.