Carbon Pulse

The US Federal Energy Regulation Commission (FERC) has the authority to approve a carbon price brought forth by independent and regional wholesale grid operators, a conference heard Wednesday.

Ten entities opened California-based Compliance Instrument Tracking System Service (CITSS) accounts during the third quarter of 2020, as three others shuttered their accounts in the WCI-linked ETS, data from state regulator ARB showed Wednesday.

The CDM risks being killed "through the back door” as officials consider blocking post-2020 carbon offset renewals rather than waiting for countries to agree on the UN mechanism’s future under the Paris Agreement.

EU carbon prices consolidated near €27 on Wednesday, as buying backed by a strong UK auction result was met by technical selling.

The EU will need to carefully combine a carbon border adjustment mechanism (CBAM) with the bloc's existing polices for spurring decarbonisation and ensuring competitiveness, a senior European Commission official said on Thursday.

A Virginia-based electricity generator opened an account in RGGI’s CO2 Allowance Tracking System (COATS) this week with the state set to join the Northeast US power sector cap-and-trade programme next year.

The European Commission favours putting tougher curbs on potent F-gas emissions used in air-conditioning units and electrical equipment, it said on Wednesday, judging that cleaner solutions are likely too costly to be otherwise taken up voluntarily.

New Zealand has released its NZU auctioning schedule for 2021, confirming that the first ever allowance sale will be held next March.

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A new service is offering to “reformat” carbon offsets into more valuable EU Allowances – a conversion that isn’t actually possible based on the European carbon market's existing rules.

The US Supreme Court tilting further to the right in the wake of Justice Ruth Bader Ginsburg’s passing could narrow existing legal avenues to regulate GHG emissions on the federal level, while also making it more difficult to craft future climate legislation, legal experts told Carbon Pulse.

A low-carbon fuel standard (LCFS) could help Colorado’s plans to hit statutory GHG reduction targets over the coming decades, on top of the main goal to nearly zero out carbon emissions from electricity by 2030, according to a report released Monday.

The EU could launch a pilot carbon border adjustment mechanism (CBAM) by adding cement and power imports to its ETS, according to the most likely scenario of a study due to be unveiled this week.

Czechia is lagging behind in fulfilling its national climate strategy, including several provisions related to the use of funds auctioned under the EU ETS and the implementation of a domestic carbon tax, an independent research group said in a report published on Tuesday.

Emitters should gradually scale up their buying of carbon removals as part of a credible voluntary climate strategy, UK academics said in a report on offsetting launched Tuesday that takes a cautious line on land-based initiatives.

China will likely eventually need to store as much as 800 MtCO2e annually in natural sinks to meet its goal of becoming carbon neutral before 2060, according to a key climate policy advisor to the government.

EU carbon prices declined on Tuesday, though the most bullish auction result in a week helped them stay buoyant.

South Korea's cabinet on Tuesday approved the final version of the 2021-25 ETS allocation plan, making late adjustments including tightening benchmarks for coal power plants while loosening them for LNG.

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