Carbon Pulse

Exchange EEX maintains plans to get involved in China’s national emissions trading scheme, it announced Tuesday, despite delays in the launch of the cap-and-trade programme that has forced a number of domestic market participants to look elsewhere for opportunities.

Voluntary demand for carbon credits has increased to dwarf buying interest from Safeguard Mechanism companies, but Australia’s offset market is still oversupplied by some 730,000 credits in FY2018-19, the Clean Energy Regulator said Tuesday while setting its next ERF auction date.

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

California’s proposed Offset Protocol Task Force (OPTF) could design new offset protocols or tweak existing ones to bolster the supply of credits that could provide direct environmental benefits to the state (DEBs) in the next decade, regulatory sources told Carbon Pulse.

EUAs fell to their lowest so far this month in a volatile session that saw carbon crash through several technical supports before rebounding strongly late on.

Connecticut’s two electric utility companies struck a deal Friday with Dominion Energy to keep its zero-emitting Millstone Nuclear Plant from early retirement, while the six New England governors also signed an agreement to cooperate on bolstering nuclear power in the US region.

Virginia’s Department of Environmental Quality (DEQ) is aiming to send its RGGI cap-and-trade regulation to the state's Air Pollution Control Board for final approval by mid-April, a state official said.

The European Commission will release preliminary raw data on 2018 EU ETS emissions on Apr. 1, it said on Monday, figures that are expected to show a resumption of the market’s declining trend.

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

California and Quebec will auction more than 75 million current and future vintage allowances at its May 14 sale, which will not include any California unsold permits for the first time in nearly two years.

A summary of legislative action on carbon pricing and clean energy bills at the US state level taken this week, including the passage of a 100% clean electricity bill in New Mexico, calls for higher GHG targets in Maine, and a carbon sequestration financial package in Washington state.

Concerns that Ontario’s proposed emissions reduction system for large emitters could be weaker than Ottawa’s ‘backstop’ programme may not matter if the provincial government won’t commit to the policy in the long-term amid legal and political uncertainty, stakeholders said at a webinar on Friday.

IEEP has a vacancy for a climate policy intern. The successful internship applicant will support the Climate & Governance Team in contributing to the organisation of a conference for a client on the subject of climate justice in conjunction with the UN Climate Action Summit in September 2019, as well as the dissemination of its results.

European carbon prices eased back on Friday in relatively calm trade that remains stifled by uncertainty over how and when Britain might leave the EU carbon market.

EU member states have handed out a further 57 million free carbon allowances over the past fortnight, with Germany and Italy accounting for the bulk of that.

Italian oil major ENI will invest in forest protection as part of a voluntary pledge to achieve net zero upstream emissions by 2030, it said on Friday, but the firm’s plans to grow fossil fuel output mean its full carbon footprint is still likely to rise.

The northeast US RGGI cap-and-trade programme’s first auction of 2019 cleared above the secondary market price, results showed Friday, falling well outside of market participants’ expectations prior to the sale.

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

Australia on Friday released a new draft method to broaden and simplify generation of carbon offsets from animal effluent.

Australia’s Clean Energy Regulator has raised CO2 emission caps for three coal mining companies, data released this week showed, including a 64% increase for Anglo Coal’s Moranbah North mine.