Carbon Pulse

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

Speculators bolstered their California Carbon Allowance (CCA) positions for the second consecutive week, as compliance entities trimmed their holdings by more than 1 mln for the first time since June, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

EUAs fell on Friday despite a decent auction result, as more selling in equity markets carried over to carbon.

EU carbon prices are expected to “tread water” around current levels near €27-28 for the remainder of the year before rising to a new all-time high in 2021, analysts said Friday.

Saudi Arabia won’t push CO2 pricing under its climate initiatives for the G20 Presidency this year, instead favouring a loose framework aiming to stimulate demand for carbon removals, according to a senior government envoy.

The RGGI Q3 auction settled at a 10-cent premium to the secondary market as compliance entities ramped up purchases and bucked market expectations prior to the sale, according to data published Friday. 

California Low Carbon Fuel Standard (LCFS) credit prices rose to a one-month high this week as activity on bourses ICE and Nodal Exchange picked up after a quiet summer.

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

New Zealand is considering whether to earmark proceeds from NZU auctioning from next year, with purchasing international carbon credits and funding emission cuts at home among the options, according to government documents.

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

Organization: European Roundtable on Climate Change and Sustainable Transition (ERCST) Position: Policy Analyst, EU and International Climate Policy Duty Station: Brussels, Belgium

A US Democratic lawmaker is planning to introduce federal legislation that would set out a performance standard for electric and thermal power plants, with some backers believing the proposal could dovetail with federal carbon pricing efforts.

California Carbon Allowance (CCA) prices rose toward the expected 2021 floor price this week amid increased buying as RGGI Allowance (RGA) dipped before the Northeast ETS’ Q3 auction.

EUAs briefly jumped above €29 on Thursday in what started out as quiet, auction-free session, with carbon holding onto most of its gains and bucking weaker US equity markets.

The voluntary carbon market could be ripe for consolidation as demand for corporate climate strategies gather pace and digital services grow in sophistication.

China’s environment ministry is opposing an initiative to list carbon contracts on a futures exchange in Guangdong province, preferring instead to focus on developing the nation’s spot emissions market, according to local news reports.

Intermediaries have gone from playing practically no part in Australia’s carbon offset market to holding some 13% of domestic credits currently sitting in the national registry, according to data released by the Clean Energy Regulator, coinciding with a boom in voluntary carbon market demand.

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

British Columbia will push back the scheduled increase of its C$40/tonne carbon levy by another six months in order to assist COVID-19 economic recovery efforts, the provincial government announced Wednesday.

Several dozen financial entities, large corporate emitters, and offset standards and retailers on Wednesday unveiled a taskforce to build consensus on how to best grow the voluntary carbon market in the face of higher credit demand and to meet Paris Agreement climate goals.