Carbon Pulse

The New Zealand government could opt to rush through ETS changes in its budget on May 30 depending on how many companies pay the NZ$25 fixed price option ahead of the 2018 compliance deadline a day later, according to brokers OM Financial.

Increasing oil, gas, and coal production is pushing up greenhouse gas emissions from Australia’s biggest-emitting companies despite sizeable emission cuts from the power sector, government data showed Thursday.

China’s energy consumption rose 3.3% last year, the government announced Thursday, in what analysts said likely meant a 3% increase in CO2 emissions fuelled by surging power demand from sectors linked to the nation’s construction boom.

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

The Oregon Court of Appeals on Wednesday upheld the state’s Clean Fuels Program (OCFP) after an industry trade group had argued that a regulatory agency improperly implemented the low-carbon fuel standard several years ago.

France could move to a floating carbon tax linked to oil prices in an attempt to calm unrest and allay consumer concerns, modifying the government's current and highly-divisive approach of fixing a schedule of steep annual rises, President Emmanuel Macron said this week.

The first quarterly WCI current vintage auction of 2019 sold out at the higher end of traders' predictions, according to results released Wednesday, despite the absence of embattled California utility Pacific Gas & Electric (PG&E).

California regulator ARB gave out more than 2.5 million carbon offsets (CCOs) this week, with forestry projects bringing in nearly the entirety of that amount.

European carbon prices surged 8% on Wednesday, extending its recent recovery rally to erase the losses posted over the past two weeks.

Norway’s $1 trillion sovereign wealth fund made further divestments from coal and agricultural businesses in 2018, furthering its climate risk strategy, it said in its annual report on Wednesday.

A standalone UK ETS would be large enough and liquid enough to be viable, UK climate minister Claire Perry said on Wednesday, reiterating that the government’s preferred post-Brexit option remains linking with the EU carbon market.

The board of the Green Climate Fund on Wednesday awarded $96.5 million to a Brazilian REDD+ project, the first time a scheme designed to cut emissions by halting deforestation has won financial backing from the flagship UN-backed climate finance initiative.

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

The Nature Conservancy seeks a Climate Policy Associate to support its climate and energy policy agenda. The Climate Policy Associate will be part of the U.S. Government Relations department and will report to the Director of a U.S. Climate and Energy Policy.

The Transportation and Climate Initiative (TCI) will hold its first public stakeholder meeting in April as it eyes a final design on a US regional carbon pricing proposal by the end of the year, a regulatory source told Carbon Pulse.

Germany-based chemicals major BASF reported a 3.5% drop in its total GHG emissions for 2018, lowering the baseline for its self-imposed 2030 carbon neutral growth goal.

EU carbon prices gained 2.2% on Tuesday to rise further away from last week’s 2.5-month low as wider markets reacted to Brexit developments seen as making a 'no-deal' scenario less likely.

Analysts have slashed their near-term EUA forecasts by more than a quarter, predicting that speculators may curb bets on further price rises amid a slew of bearish risks including Germany’s coal phaseout, the potential for a 'no-deal' Brexit, and an LNG glut slashing utility demand.

Pennsylvania Republicans are looking to qualify nuclear power plants under the Keystone State’s Alternative Energy Portfolio Standards (AEPS), a provision that would sunset if the state adopts a carbon market regulation.

UK utility Drax reduced its coal-fired power by more than a third in 2018, cutting its EUA demand as the company relied more on its ETS-neutral biomass generation, the company said in its Q4 filing.