Carbon Pulse

Want to make a quick buck – or should we say a quick euro?  When the Financial Times runs its next piece on EU carbon allowances, trade them immediately.

As the EU seeks to adopt a tougher 2030 GHG target by year-end, a carbon market for sectors not yet covered by the EU ETS would give a much-needed price signal to reduce emissions, German Chancellor Angela Merkel said on Friday.

EUAs climbed as much as 5.5% on Friday, hitting a fresh six-week high within a few cents of €30 as French nuclear outages lifted the energy complex.

Allowance auctions in Shanghai and Tianjin on Friday both cleared at their price floors near secondary market prices, with the Shanghai sale reversing failures in previous years to go over-subscribed.

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

New Zealand allowances crept up 5 cents on Friday to end the week at their highest since late July and just shy of the market’s all-time record, but activity is stymied with both supply and demand dented.

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

RGGI allowance (RGA) prices continued their bull run this week despite traders noting some resistance in the market, while California Carbon Allowance (CCA)  values dropped after the second consecutive WCI auction failed to sell out.

A carbon trading fraudster is finally behind bars in the UK after he fled an eight-year prison sentence for a £2.4 million scam that saw him and his accomplices sell illiquid and overpriced offsets to over 100 vulnerable investors.

US biofuel credit (RIN) values jumped on Thursday as the bean oil-heating oil spread increased, while Democratic presidential nominee Joe Biden hit back against the EPA’s handling of the Renewable Fuel Standard (RFS) under President Donald Trump’s administration.

EUAs climbed back above €29 in a choppy session on Thursday, with buying triggered by a report that the European Commission will probably push for a higher 2030 GHG reduction target next month.

Trading platform CBL Markets launched a new offset product on Thursday based on the parameters of carbon credits approved for use under the international aviation trading mechanism CORSIA.

Organization (Name/Acronym/Homepage): First Climate (Switzerland) AG Position (Title/Department/Project): Senior Advisor (f/m/x), Natural Climate Solutions (NCS)

The European Commission EU will "probably" propose the most ambitious 2030 emissions reduction target currently under consideration, media reported on Thursday.

New Zealand expects to implement new rules in the second half of 2021 to limit potential over-allocation of carbon allowances to industrials covered by its ETS, according to internal environment ministry documents released by the government.

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

Carbon credit demand under the global aviation offset mechanism CORSIA may plummet if nations agree to extend this year’s emissions baseline alteration over the entirety of the programme’s 15-year lifespan, analysts said.

California Carbon Offset (CCO) issuances hit a two-month high this week as regulator ARB granted over 1 mln credits, with the programme’s largest project gaining nearly half of the new offsets, according to state data published Wednesday.

The EU's trade chief, one of the members of the EU Commission in charge of designing the bloc's carbon border adjustment mechanism (CBAM), resigned on Wednesday over uproar that he breached COVID rules.