Carbon Pulse

New Zealand ETS participants used the NZ$25 fixed price option to meet around 21% of their total compliance obligations for 2019, EPA data showed Thursday, down from 51% the previous year, indicating a drop in surplus allowances carried into the next year.

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

Global coal power generation plummeted by 8.3% year-on-year in the first half of 2020 due to lower electricity demand and a rise in wind and solar generation, a study released on Thursday found.

The British Columbia government should feature carbon offsets as part of the province’s climate strategy and include protections for emissions-intensive, trade-exposed (EITE) industries that other countries and jurisdictions incorporate in their CO2 pricing approaches, an association of some 250 businesses said in a report published Tuesday.

A Wisconsin environmental agency concluded that violations at a dairy farm stemmed from a waste storage facility, rejecting the California-registered offset project owner’s assertions that a feed storage area led to the elevated ammonia levels, documents show.

Considering the centrality of land-use change to the climate agenda in country, the Climate Policy Coordinator oversees all aspects of the carbon markets and policies related to conservation, forest restoration and climate in Brazil.

California granted more than 900,000 new offset credits this week, with roughly a quarter designated as providing direct environmental benefits to the state (DEBs), according to data from regulator ARB released on Wednesday.

Oil major Phillips 66 announced Wednesday the transition of its San Fransisco Rodeo Refinery from crude oil to renewable fuels in the coming years, a move that could reduce its compliance obligations in California’s Low Carbon Fuel Standard (LCFS) and WCI-linked cap-and-trade programme.  

EUAs dropped below €26 on Wednesday as the quiet holiday market struggled absorb the week's biggest auction.

South Korea’s monthly carbon auction failed to sell out on Wednesday, the fourth straight sale that has gone undersubscribed as the market struggles with oversupply ahead of government allocations.

California’s ETS floor price expectations rose significant as the year-on-year inflation continued to show improvements in July after dropping during the COVID-19 pandemic, according to federal data released Wednesday.

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

A Quebec draft regulation will see the province harmonise the post-2020 allowance reserve price tiers of its WCI-linked cap-and-trade programme with California’s approach, plus make other technical tweaks, according to documents posted Monday.

The UK’s proposed emissions trading scheme is predicted to be oversupplied throughout its first decade, analysts have warned, which could mean a dimming of the country’s low-carbon investment signal after it departs the EU and its ETS this year.

South Korea’s cabinet advanced amendments on Tuesday to the country’s carbon market that will let financial institutions participate in the market starting next year.

Oregon Republicans are seeing an influx of cash from industries and timber companies ahead of the November general election, as the party looks to prevent Democrats from securing a quorum in both chambers and moving to introduce an ETS.

US biofuel credit (RIN) prices exacerbated their week-long slide on Tuesday due to fears that the EPA will approve numerous retroactive “gap filling” compliance waivers under the Renewable Fuel Standard (RFS). 

Czechia utility CEZ is less heavily hedged than in recent years but its thermal power generation is holding up better than many of its peers amid COVID-19 restrictions, the company said in first-half results on Tuesday.  A Carbon Pulse subscription is required to read this content. Subscribe today to access our unrivalled news and intelligence, as […]

Ukraine must not work to establish its own ETS from 2025 as the country's imports may otherwise come under pressure from a planned EU carbon border adjustment mechanism (CBAM), a Kyiv-based business association said on Tuesday.

EUAs failed to sustain an early move higher, falling back after bulls were unable to hold prices above €27 for the third time in four sessions.