Carbon Pulse

China is likely to meet its Paris target of peaking CO2 emissions well ahead of 2030, but only if it fully implements its suite of planned policies, including reforming the power generation sector and establishing a broad emissions trading scheme, a study has found.

The New Zealand government on Wednesday announced it will introduce averaging accounting for foresters in the ETS, a move that could free up additional supply as forest-owners face fewer risks.

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

Fossil fuel major BP on Tuesday announced a $100 million fund to lower emissions from its upstream oil and gas operations, months after shareholder pressure forced the company to beef up its climate-related disclosures.

Virginia utility Dominion will permanently close 10 fossil- and biomass-fired units that it had previously placed on reserve last year, coming ahead of the state’s expected entry into the northeast US RGGI carbon market next year.

EU carbon notched a second straight gain on Tuesday to recover further from Monday’s three-week low, as a coal rebound lifted the energy complex amid continued EUA auction strength.

Australia on Tuesday shortlisted 12 projects for underwriting in a bid to boost energy reliability, but a major industry group still called for a more long term post-election policy that allows access to offsets for major emitters.

Climate minister James Shaw on Tuesday dismissed a proposal from a parliamentary watchdog to ban fossil fuel companies from using forestry-based carbon allowances in New Zealand’s ETS.

The EU is on course to halve its emissions by 2030 and, with a few tweaks including only slightly higher carbon prices, could be on a smooth pathway to net zero emissions by 2050, a report found on Tuesday.

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

Oregon lawmakers tweaked cap-and-trade legislation on Monday that would alter allocation levels for industrial sources and funnel additional money to end consumers in an attempt to build support for the proposal.

Energy-related CO2 output shot up in 2018 to hit a second consecutive yearly high as Asian coal growth and the US oil and gas boom overshadowed global progress in renewable energy and energy efficiency, the International Energy Agency (IEA) said in a report released Tuesday.

The corporate carbon pricing landscape across Canada is anything but a level playing field. For one, some provinces have implemented their own system, while others are complying with the federal plan. And even within this plan - the Federal Backstop - different sectors are expected to implement different benchmarks. Here is how Canadian industry is navigating its tricky carbon policy framework.

Several stakeholders are urging New Jersey to explore ways to address emission leakage that could occur if the state joins the northeast US RGGI carbon market, according to public comments obtained by Carbon Pulse.

EU carbon prices on Monday pared the previous session’s losses as a stronger auction lifted sentiment in defiance of Brexit-related caution.

Ontario refunded C$5.1 million for voided carbon allowances held by eligible emitters after the province's abrupt cancellation of its WCI-linked ETS, completing the government’s compensation process with only a fraction of the unusable permits reimbursed.

Emissions covered under the EU ETS probably resumed their annual downtrend in 2018, falling on the back of a large decline in CO2 output from the power sector, according to a poll of analysts.

A New Zealand company is seeking buyers for a forest property that comes with a batch of more than 600,000 carbon allowances.

Climate Analytics is seeking a Berlin-based leader of its climate policy analysis team.

The Research Associate will support a national research centre focused on (i) modelling the economics of the energy system, with a particular emphasis on electricity and heat, (ii) pathways to deep decarbonisation of the economy, and (iii) public attitudes towards energy technologies.