Carbon Pulse

EUAs are on track to peak just shy of €40 in four years, but they could fall far short of that and even drop below €10 by 2030 if member states aggressively phase out coal power without cancelling carbon allowances to offset the impact, an ICIS analyst said on Thursday.

Green groups are again preparing numerous arguments to support the Canadian federal government’s ability to impose its ‘backstop’ CO2 pricing plan on recalcitrant provinces as Ontario’s court challenge starts Monday.

California Low Carbon Fuel Standard (LCFS) credit prices continued their month-long slide this week after regulator ARB floated a price ceiling for transactions in the programme.

California Carbon Allowance (CCA) prices rose significantly this week as new speculative capital continued to drive the WCI market's recent bull run, while RGGI allowances (RGAs) saw minimal activity and small gains on the secondary market.

European carbon stormed to a fresh 11-year high on Thursday as buyers pushed them above €27 amid rising gas and coal, though some experts said that after rallying almost 30% since the end of March, EUAs could now be due a large correction. A Carbon Pulse subscription is required to read the full article. Subscribe […]

The UK is pushing ahead with plans to develop its own emissions trading scheme to implement after it leaves the bloc, despite the ongoing impasse in Brexit negotiations, though it appears to have fallen slightly behind schedule.

China’s biggest cap-and-trade market saw a 460% year-on-year increase in value over Q1 as institutional investors entered amid signs of the scheme’s historical allowance surplus drying up, pushing prices up to four-year highs in the process.

Australia's Prime Minister Scott Morrison on Thursday called a national election for May 18, of which the outcome will play a decisive rile for Australia’s future climate ambitions and the extent to which it will use emissions markets to reach its goals.

New Zealand’s gross GHG emissions rose 2.2% in 2017, government data showed Thursday, sparking fresh vows from Climate Change Minister James Shaw to reform the nation’s emissions trading scheme and put in place legislation to bring carbon output to zero by mid-century.

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

European carbon prices shot to their highest in almost 11 years on Wednesday, as speculative buying was fuelled by rising gas prices and indications that Brexit was poised for a longer extension.

California issued more than 646,000 California Carbon Offsets (CCOs) across six projects, and forestry projects made up a bulk of the new issuances, regulator data showed Wednesday.

A rise in voluntary market issuances over the past year could signal that entities are preparing for the start of multiple international emissions trading regimes in the next decade, but some cautioned there still may be too much risk to engage in early purchasing.

European carbon prices skyrocketed to a new 10-year high near €27 on Wednesday, but a poll of analysts showed a consensus view that EUAs will come back down to earth in the near term.

Compliance entities in the WCI cap-and-trade programme appear to be cutting their long positions in the secondary market as California Carbon Allowance (CCA) prices have jumped over the past six weeks, according to US Commodities Futures Trading Commission (CFTC) data.

New Zealand has made a seasoned carbon market negotiator its new climate change ambassador.

South Korea sold all 1.59 million KAUs on offer at Wednesday’s auction, with the sale clearing 4.3% below the day’s closing price in the secondary market.

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

Ontario will release 2017 emissions data for entities covered by the Canadian province’s now-defunct cap-and-trade programme in the coming weeks, an environmental ministry spokesperson confirmed to Carbon Pulse.

The Canadian government announced Tuesday the creation of an independent climate institute to deliver advice and analysis on clean growth and emissions reduction strategies, including carbon pricing.