Carbon Pulse

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

RGGI allowance (RGA) prices continued their bull run this week despite traders noting some resistance in the market, while California Carbon Allowance (CCA)  values dropped after the second consecutive WCI auction failed to sell out.

A carbon trading fraudster is finally behind bars in the UK after he fled an eight-year prison sentence for a £2.4 million scam that saw him and his accomplices sell illiquid and overpriced offsets to over 100 vulnerable investors.

US biofuel credit (RIN) values jumped on Thursday as the bean oil-heating oil spread increased, while Democratic presidential nominee Joe Biden hit back against the EPA’s handling of the Renewable Fuel Standard (RFS) under President Donald Trump’s administration.

EUAs climbed back above €29 in a choppy session on Thursday, with buying triggered by a report that the European Commission will probably push for a higher 2030 GHG reduction target next month.

Trading platform CBL Markets launched a new offset product on Thursday based on the parameters of carbon credits approved for use under the international aviation trading mechanism CORSIA.

Organization (Name/Acronym/Homepage): First Climate (Switzerland) AG Position (Title/Department/Project): Senior Advisor (f/m/x), Natural Climate Solutions (NCS)

The European Commission EU will "probably" propose the most ambitious 2030 emissions reduction target currently under consideration, media reported on Thursday.

New Zealand expects to implement new rules in the second half of 2021 to limit potential over-allocation of carbon allowances to industrials covered by its ETS, according to internal environment ministry documents released by the government.

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

Carbon credit demand under the global aviation offset mechanism CORSIA may plummet if nations agree to extend this year’s emissions baseline alteration over the entirety of the programme’s 15-year lifespan, analysts said.

California Carbon Offset (CCO) issuances hit a two-month high this week as regulator ARB granted over 1 mln credits, with the programme’s largest project gaining nearly half of the new offsets, according to state data published Wednesday.

The EU's trade chief, one of the members of the EU Commission in charge of designing the bloc's carbon border adjustment mechanism (CBAM), resigned on Wednesday over uproar that he breached COVID rules.

EUAs extended a six-week high above €29 on Wednesday but later fell back, consolidating their late August surge after one of the month's bigger sales cleared comfortably.

The Architecture for REDD+ Transactions (ART) programme’s new standard for combating tropical deforestation may start yielding carbon credits as soon as next year, depending on the status of negotiations with potential partner governments, a webinar heard Wednesday.

California’s heatwave this month pushed power consumption above levels for the same period in 2019, with much of the increase filled by carbon-emitting sources, according to California Independent System Operator (CAISO) data.

An Icelandic direct air capture (DAC) project is to remove 4,000 tCO2 a year from a geothermal power plant, the project developers said on Wednesday in a significant scaling up of the three-year-old pilot.

Many of Romania’s heavy industries risk insolvency as the government has not yet compensated facilities for their indirect ETS costs, despite getting EU state aid approval to do so in May.

Climate-focused investment firm Pollination has teamed up with the wealth management arm of HSBC to develop the world’s largest fund focused on natural capital.

The Hubei Emissions Exchange has carried out a first live test of the registry that will serve China’s national carbon market, one of the major hurdles China must clear before it can launch the scheme.