Carbon Pulse

Maine is expected to sign onto the Transportation and Climate Initiative (TCI) shortly, as the programme ramps up work to regulate fuel sector emissions in the US northeast and Mid-Atlantic region, numerous sources told Carbon Pulse.

A summary of legislative action on carbon pricing and clean energy bills at the US state level taken this week, including Transportation and Climate Initiative (TCI) and CO2 tax bills in Vermont, a RGGI bill in New Hampshire, and a 100% carbon-free electric bill in Washington.

EU member states have distributed nearly 60% of the 758.5 million allowances earmarked for free allocation to industrial emitters this year, according to data released late Friday by the European Commission, with five governments having not yet started the annual process.

Oregon may not immediately link its proposed ETS to the WCI cap-and-trade scheme in 2021, but a connection to California and Quebec's markets remains a priority, the bill's author told Carbon Pulse.

European carbon prices rose for a sixth straight day on Friday, extending their recent rally to over 20% and completely recovering all of February’s losses to kick off March.

The Inlandsis Fund is seeking a vice president of biogas to help build out and qualify the growing pipeline of projects in key North American RFS, LCFS and related markets,

The Inlandsis Fund is seeking an analyst to help make substantial contributions to its investments, portfolio and strategy in carbon markets and renewable natural gas projects.

Sales of at least 450 million EU Allowances to finance the bloc’s Innovation Fund will likely be spread almost evenly over the next 11 years, in an approach that has broad support from stakeholders and which according to analysts is unlikely to affect prices.

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

New offset issuances were again well below long-term averages this week as the looming May elections cast uncertainty over the future settings of Australia’s emissions market, despite a fresh pledge from the government to top up its credit-buying fund.

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

Compliance-oriented entities significantly increased their RGGI allowance holdings during the fourth quarter amid higher trading activity and rising prices, according to a report published Thursday.

UK-based emission auditors will no longer be able to verify GHG output from EU ETS participants in other countries should Britain leave the bloc without a withdrawal agreement, the UK government announced Thursday.

California Carbon Allowance (CCA) prices rose this week as traders took a bullish view of the February WCI auction result published Wednesday, while RGGI allowances (RGAs) found additional price support despite continued thin market activity.

Calgary-based power generator TransAlta fell short of its revenue target for carbon offsets in 2018, but the retirement of several coal-fired units helped the Canadian company slash its emissions, it said in annual results published Wednesday.

European carbon prices rose for a fifth straight day on Thursday, briefly topping €22 in a week-long rally that has added almost 20% to prices and continues to confound many traders.

French utility Engie scaled back on its near-term power hedging for 2018, it said in financial results on Thursday, in a move that could be bullish for EUAs if the company attempts to catch up to its historic levels this year.

EU nations are rightly awarding free carbon allowances to power plants linked to industrial sites, a legal advisor to EU’s highest court said Thursday, going against the European Commission’s view and potentially preventing higher ETS compliance costs for hundreds of installations across the bloc.

Japan’s Nippon Paper Industries on Thursday became the latest firm in the country to drop plans for constructing a new coal-fired plant amid profitability concerns.

South Korea will shut down four units at two ageing coal-fired power plants in the March-June to reduce air pollution levels, a move that will also reduce CO2 output regulated by the country’s emissions trading scheme.