Carbon Pulse

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

Japan’s environment ministry in principle will no longer back the building of coal-fired power capacity in the country because doing so would be incompatible with the Paris Agreement, it said this week.

German utility EnBW advanced its hedging rates over Q4 2018 to leave a larger share of its output hedged compared to a year earlier, it said in financial results that could add to the slightly bearish signal for EUAs indicated by utilities.

Australia’s Clean Energy Regulator issued 330,000 carbon credits this week, taking the total number of offsets generated at emission reduction projects past 60 million since the programme began in 2012.

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

European carbon prices posted a fourth straight day of gains Thursday, ending above €22 for the first time in a fortnight on what traders said looked like short-covering combined with technical buying.

California Carbon Allowances (CCA) pushed through market expectations for the 2020 floor price this week, while RGGI allowances (RGGI) languished on the secondary market after their most recent post-auction rise.

Forest protection deals inked between African nations and a World Bank fund could reignite international emissions trade under the Paris Agreement and ICAO’s CORSIA offsetting scheme for aviation.

The UK government has awarded £19.5 million in compensation to 60 companies for their 2018 costs relating to the EU ETS and the UK’s carbon price support, in an effort to shield them from carbon leakage risks.

Two US Democratic legislators reintroduced a bill Thursday to implement a national carbon trading programme that they said could gel with progressives’ Green New Deal (GND) resolution to decarbonise the US economy.

The UK’s greenhouse gas emissions fell by 2.5% in 2018, according to provisional government data released Thursday, a decline driven by the ongoing energy sector shift from coal to cleaner gas and renewables but muted by colder temperatures.

China last year restarted construction on a number of previously suspended coal plants, offsetting a decline in the rest of the world to push up global capacity build figures for the first time in three years, according to a report published Thursday.

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

UN aviation body ICAO has listed the members of its technical advisory board (TAB) for its CORSIA global offsetting mechanism, adhering to historical splits between rich and poor countries with the latter represented by major CDM host nations and oil majors.

EUAs gained for a third successive session on Wednesday as a continued rebound in key energy contracts lifted sentiment in defiance of a weak auction.

California Low Carbon Fuel Standard (LCFS) credits took a step back this week as entities looked to complete purchases ahead of this week’s carryback compliance deadline.

California issued more than 620,000 across seven projects this week, with a bulk of those credits being issued to a new forestry project, regulator data showed Wednesday.

A California Assembly committee this week advanced a bill that would enable the state's Offset Protocol Task Force (OPTF) to recommend aggregation methodologies for new and existing protocols, which could prove a boon for neglected project types in the WCI-linked carbon market.

Switzerland has launched a consultation over proposed changes to its emissions trading regulations that are needed before it links its carbon market to the EU ETS, floating protective measures including allowance holding limits and a high price floor based on the social cost of carbon.

Investors in Australia and New Zealand are calling on their governments to design durable climate policies using carbon pricing as a tool to align with the Paris Agreement and set long-term zero emission targets.