Carbon Pulse

Australia’s Clean Energy Regulator this week issued nearly 90,000 carbon credits, a tenfold increase from last week’s low but still less than half of average issuances.

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

California Carbon Allowance (CCA) prices rose slightly this week heading into the first WCI auction of the year, while RGGI allowances (RGAs) stalled amid a continued lack of market drivers.

Pacific Gas & Electric (PG&E) would be willing to explore splitting its natural gas and electricity businesses into separate companies to mitigate potential risks, the company said in a California Public Utilities Commission (CPUC) filing, a move that would likely force the state to alter its regulations and may prompt changes to the utility's carbon allowance allocation.

The Science-Based Targets initiative (SBTi) will soon no longer approve corporate voluntary pledges that align with a 2C global warming goal, as part of efforts to force companies to raise their ambition in line with the Paris Agreement.

Utility companies and environmental groups asked the Maine Public Utilities Commission (MPUC) to issue a construction permit for a New England hydroelectric transmission line after agreeing to a series of financial concessions, according to regulatory documents.

European carbon prices plummeted on Thursday, dislodging from their latest trading range to resume their Q1 downtrend as bearish concerns weighed.

New Zealand should price carbon emissions for all sectors and make its emissions trading scheme more ‘tax-like’ by providing stronger price guidance, a government-appointed committee tasked with reforming the nation’s tax system said Thursday.

China has finalised the registry for its national emissions trading scheme, taking one of several crucial steps necessary to launch the market.

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

The European Office in Brussels represents the interests of VDMA member companies vis-á-vis the European Union. With a dedicated, international team, we are the voice of the mechanical engineering industry in Europe.

The Department of Environmental Conservation (DEC) is seeking applicants for the position of Director of the Office of Climate Change (OCC). Governor Cuomo has established New York as a leader in the fight against climate change.

European carbon closed 1.3% higher after shilly-shallying through most of an auction-free session on Wednesday, holding in the narrowest range in a month as EU member states kick off the annual free allocation process.

The California-Quebec cap-and-trade programme is expected to be long almost 13 Mt in 2019, while offset usage is expected to increase in the WCI market’s third compliance period, analysts said Wednesday.

Spain-based utility Iberdrola reported a 5% drop in its ETS-regulated thermal output over 2018 as hydropower output rebounded after 2017’s prolonged drought, the company said in its full-year results on Wednesday.

European Parliament members have this week laid groundwork to pressure EU leaders to frame a more ambitious 2050 bloc-wide climate strategy.

In the run-up to the Carbon Pricing for Canadian Industry conference - April 25-26 at the Hilton Toronto - Canadian Clean Energy conferences is running a series of articles on key topics for industries complying with provincial and federal carbon regulations.

Environmental groups will not oppose New Jersey’s proposed 2020 RGGI cap after further consideration, but they urged the state to adopt a larger Emissions Containment Reserve (ECR) in the northeast US carbon market to account for the possibility of a low emissions outcome.

Glencore will cap its global coal production at current levels and develop fresh emissions targets, the company announced Tuesday, after investor pressure to limit its impact on climate change.

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