Carbon Pulse

The northeast US RGGI carbon market will auction off more than 13.2 million carbon allowances on June 5, the market’s regulator said Tuesday.

EUAs settled at their highest for over a decade on Tuesday as stronger gas prices favoured bulls in a late surge that could see carbon clear 2018's peak tomorrow.

The European Commission proposed Tuesday that EU members drop their long-standing veto power over energy taxes to help ensure the legacy of its energy union and possibly one day enable an EU-wide carbon tax.

Another investment bank has cut its medium-term estimates for EU carbon prices, though it warned that a looming shortage in allowances will be worse than it anticipated.

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New Zealand’s government-appointed interim Climate Change Commission will recommend bringing nitrous oxide emissions from fertilisers into the country's ETS while imposing a carbon levy on farming emissions from other sources, its chairman said Tuesday.

EU carbon settled slightly lower on Monday after bouncing around in a wide €1 range, as sellers maintained pressure on prices while buyers stepped in at every dip.

Oil major Shell will spend $300 million over the next three years to help meet its self-imposed short-term emission target by offering drivers the chance to offset their carbon footprint.

Ohio lawmakers are considering a bill to create a new fund to benefit the state’s uneconomical nuclear energy plants, but some believe the proposal could simultaneously undermine the state’s Renewable Portfolio Standard (RPS).

Six additional general WCI market participant accounts were opened in California during the first quarter, including a New York-based fund that sees California Carbon Allowance (CCA) futures as underpriced.

Shell Energy traded the first California Carbon Offset (CCO) without any invalidation risk on the ICE contract’s first listing day on Monday, a move that could bolster credit transparency and activity in the WCI cap-and-trade programme.

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Bank of America Merrill Lynch (BAML) has reversed its bullish view on EU carbon amid falling natural gas prices, with growing LNG supplies expected to exert further pressure.

The Green Climate Fund has held its first meeting in a process the UN-led entity hopes will lead to an October session where rich countries will refill its coffers.

The Institute for Ecological Economics is currently inviting applications for a 30-40 hours/week third-party-funded project staff member (post-doc) Climate Economics and Finance Research Group.

CPI has recently been asked by the membership of the Cities Climate Finance Leadership Alliance to assume the role of the organization’s Secretariat for a minimum two-year period beginning in May 2019.

Climate Advisers seeks an Executive and Program Assistant to coordinate office administration and provide administrative support to the President.

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California’s Independent Emissions Market Advisory Committee (IEMAC) should focus its attention on the WCI programme's allowance oversupply and provide concrete remedies if a problem if determined, along with examining the state's current forestry offset protocol, a legislator said Friday.

California regulator ARB is proposing to establish a “firm maximum” price for Low Carbon Fuel Standard (LCFS) credits and an advance crediting mechanism to bolster the programme’s existing cost containment provisions, officials said at a workshop on Friday.