Carbon Pulse

US Senate committee members announced agreement on Thursday on bipartisan legislation to reduce high global warming potential HFC gases and meet UN climate goals, though it remains to be seen if the proposal will move forward in the waning months of the current Congressional session.

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

California’s ETS floor price expectations rose for the third consecutive month as federal data published Friday showed inflation continuing to rise following the peak of the COVID-19 pandemic.

Vietnam has submitted a new Nationally Determined Contribution (NDC) plan to the UN that will allow the country's covered sectors to emit tens of millions of tonnes in additional greenhouse gases by 2030 compared what it pledged at climate talks in Paris five years ago.

The European Parliament’s environment committee (ENVI) set a high ambition marker for EU climate policy on Friday, agreeing to push for a 60% emissions reduction goal for 2030 and national net zero targets for 2050 - elements likely to be hotly contested in member state capitals.

Australia-headquartered mining firm BHP Billiton on Friday announced new medium term emissions targets and said it is in the process of acquiring more carbon credits from two REDD+ projects as part of its new offset strategy.

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

RGGI Allowance (RGA) prices stagnated on the secondary market this week despite increased buying after the Q3 auction, while California Carbon Allowance (CCA) prices sank despite a heatwave sweeping across the Golden State.

A Montana climate council called on the state to explore the feasibility of either a federal or regional CO2 pricing approach as part of a swath of proposed climate methods on Wednesday, but subsequent comments from Governor Steve Bullock (D) and the state’s probable Republican-led legislature going forward suggest the recommendation may never come to pass.

EU carbon prices jumped to a one-week high on Thursday on technical buying and short-covering and after the European Parliament's environment committee (ENVI) - as expected - voted to support a tougher bloc-wide climate target for 2030, traders said.

Transforming the power sector alone will only get the world one-third of the way to net zero emissions by 2070, the IEA said in a report published on Thursday.

Global demand for carbon offsets is likely to surpass supply by around 2025 as governments tighten climate regulations and more major emitters set voluntary net zero targets, according to a report by ratings agency Fitch.

This position will support the delivery of the UK’s 26th Conference of Parties (COP26) objectives and campaigns in the Philippines and Palau.

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

Additional offsets from a Wisconsin-based dairy digester may be impacted by California state regulator ARB’s decision last week to void nearly 5,000 credits for regulatory non-compliance, market sources said.

EUAs rebounded from a fresh two-week low on Wednesday as the biggest auction so far this year cleared at a strong premium, as traders readied for a key vote in the European Parliament.

California regulator ARB issued more than 2 million new offsets this week, with the bulk not providing direct environmental benefits to the state (DEBs), according to state data published Wednesday.

The European Parliament’s environment committee (ENVI) is close to agreeing on efforts to raise the EU's 2030 emissions reduction goal to 60%, sources said late Wednesday, on the eve of a crunch vote that could signal a drastic increase in the bloc’s climate ambition.

The European Parliament is likely to vote next week in favour of fast-tracking international shipping into the EU ETS, though the issue may face delays as member states grapple other priorities, the lead MEP on the issue said Wednesday.

US biofuel credit (RIN) values briefly surged Wednesday morning on a news report that President Donald Trump instructed the EPA to deny retroactive compliance waiver applications under the Renewable Fuel Standard (RFS) in order to shore up electoral support in the Midwest.