Carbon Pulse

German Uniper reported a 36% drop in its EU ETS-covered output over the first half, it said on Tuesday, as its fossil fuel generation was increasingly squeezed by cleaner power while demand dropped due to coronavirus restrictions. 

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

British Columbia’s net emissions rose by 4% in 2018, with nearly all covered economic sectors seeing year-on-year upticks, government figures published last week showed.  

A German development agency has awarded four contracts worth a total €213,000 to buy "high quality" UN carbon credits to offset its emissions from 2017-18.

The next programme review for the Northeast US RGGI carbon market may not begin this year as the 10 member states deal with other priorities, while ETS officials said no public decisions have been made about the timeline.

The largest holder of California Low Carbon Fuel Standard (LCFS) credits drastically cut back on its position as of Q1, outpacing the reduction in the transportation sector programme’s surplus bank, according to state data.

The EU has awarded €13.8 million to a project aimed at deploying two advanced carbon capture technologies at steelmaker ArcelorMittal’s Belgium facilities and burying emissions in the North Sea.

EU plans for a carbon border adjustment mechanism (CBAM) will likely make little profit for the bloc while the administrative burden for importers may be significant, according to chief economists advising Germany’s largest public bank.

EUA prices jumped more than 3% to top €27 early on Monday, but slipped back after the day's auction despite a firm clearance and positive macroeconomic signals.

The northeastern Chinese city of Shenyang will launch its own emissions trading system with an ambition to become a regional carbon trading hub for facilities not covered in the national market, the municipal government has announced.

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

Compliance entities grew their position by the largest amount since late May as speculators made slight reductions to their net length in the WCI cap-and-trade scheme, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

The EU will need to overcome major competitiveness concerns and devise additional incentives beyond the EU ETS to help meet its 2050 net zero emissions goal, according to a recent study.

A delayed hydroelectric transmission line may have created tighter fundamentals in the Nova Scotia cap-and-trade market and led to the programme’s first auction settling 20% above the auction price floor, according a trader.

Carbon market allowances can be bought by financial institutions to help align their portfolios with the Paris Agreement, investors managing more than $16 trillion said this week in an endorsement that further boosts prospects for carbon as an asset class.

A California-based speculator registered in the RGGI CO2 Allowance Tracking System (COATS) this week, becoming the eighth financial participant to do so this year, data shows.

EUAs briefly dropped below €26 early on Friday, but climbed back into positive territory after the auction and hit an intraday high on US monthly jobs figures.

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

Australia’s offshore energy regulator has approved Shell’s Crux gas project that will emit up to 9 MtCO2e a year over two decades, saying it is “reasonably satisfied” that the oil major is committed to a global low-carbon transition.