Carbon Pulse

A US appeals court on Friday threw out parts of a 2016 EPA regulation limiting the use of HFCs, coming nearly two years after the same court overturned another Obama-era regulation governing the high global warming potential gases.

This week's surge in EUA prices slowed on Friday, though strong gains in key energy contracts and more speculative buying still helped push carbon to a new 2.5-year high to leave it with a 14% weekly gain.

Emitter buying in Germany’s weekly EUA auctions fell to a nine-month low in February, a report released Friday showed.

The Queensland government has allocated A$1 million ($710,000) under its Land Restoration Fund to six pilot projects designed to help develop the Australian state’s carbon offset market.

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

Australia’s Clean Energy Regulator would likely come under pressure to cancel Emission Reductions Fund contracts under a new government, as Labor’s climate policy would push up secondary market ACCU prices, a legal expert has warned.

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California and Quebec entities continued to stretch the joint cap-and-trade programme’s vast permit surplus even further after picking up additional unsold allowances during the first quarter of 2019, according to WCI data.

New speculators are continuing to drive California Carbon Allowance (CCA) prices ever higher on the secondary market, while RGGI allowances (RGAs) found their own support after levelling off the previous week, numerous traders said.

Virginia GOP lawmakers are using the budget process to prevent the state from joining the northeast US RGGI market in 2020, after Governor Ralph Northam (D) vetoed bills this year attempting to block that linkage.

EU carbon prices have surged by around 15% so far this week on the back of bullish buying stoked by Brexit optimism and supported by a rising energy complex, but some have questioned whether the sharp gains are warranted or sustainable, especially in light of worsening fundamentals.

Switzerland’s carbon credit procurement agency has opened its first call for proposals for GHG-cutting activities, with the aim of tying up its first emission trade agreements under the Paris Agreement.

More than 40% of electricity sold by China’s grid companies this year is likely to go through its recently-established power markets, according to the China Electricity Council (CEC), marking further progress in the ongoing power market reform seen as crucial for the success of the national carbon market.

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EUAs shot up more than 5% to a one-month high on Wednesday as financial markets reacted positively to Brexit progress deemed to reduce the risk of Britain crashing out of the EU.

Virginia’s Department of Environmental Quality (DEQ) disputed comments that its proposed RGGI-linked ETS would significantly increase costs for consumers, while the agency omitted language that would cause the cap to decline after 2030.

A backlog of registry-listed forestry projects will finally culminate in large issuances of California Carbon Offsets (CCOs) this year, but the estimated future supply of credits that will provide direct environmental benefits to the state (DEBs) will remain low, analysts said Wednesday.

California fuel sector emissions likely dropped in 2018 for the first time in the state's carbon market era, while the power sector could see an increase after years of GHG reductions, according to Carbon Pulse estimates.