Carbon Pulse

RGGI prices fell by almost 20 cents this week as traders took a more bearish near-term view, while California CCA prices continued to stagnate ahead of the WCI market's February auction.

South Korean carbon permits traded up to their highest prices since last June on Thursday on the back of a strong auction that cleared 5.9% above the secondary market.

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

The Canadian province of Saskatchewan and its allies on Wednesday argued that Ottawa’s carbon tax mandate is unconstitutional and violates the principles of federalism, kicking off the first of two lawsuits this year against the federal ‘backstop’ carbon pricing plan.

Companies will be able to show emission mitigation efforts for future economic developments under a new programme launched Wednesday by California-based offset registry Climate Action Reserve (CAR), a departure from traditional offset activities that award credits after achieving reductions.

California regulator ARB issued nearly 425,000 new California Carbon Offsets (CCOs) this week, with a majority of the credits going to two existing forestry offset projects.

France may resume raising its domestic carbon tax if it modifies how the revenues are spent, despite the ongoing violent protests that led to last month’s scheduled increase being suspended, the country’s environment minister said this week.

Greece’s state-owned utility PPC is targeting another attempt to sell its lignite assets in May after cancelling this month's initial tender because of lacklustre interest.

EU carbon prices fell below €20 for the first time in over two months on Wednesday, before bargain-hunters stepped in to attempt to reverse this week’s bearish slide.

The UK faces "an incredibly tight timetable" for setting up its own ETS by 2021 and will likely need to rely on the EU’s goodwill should the government want to ensure minimal disruption for its emitters by linking to the bloc's carbon market post-Brexit, experts said on Wednesday.

China has reached 700 GW worth of so-called ‘clean’ coal capacity, state media reported, easily beating its five-year plan target of 580 GW by 2020.

The departing CEO of Australia’s Carbon Market Institute (CMI) business association will join an offset specialist firm in his new role.

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

Yvo de Boer values his solitude and his garden – both of which he neglected while serving as Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC) from mid-2006 to mid-2010.

Emissions-intensive, trade-exposed (EITE) industries are seeking greater free allowance allocations than currently proposed under Oregon’s possible cap-and-trade programme, while the agricultural sector is advocating for more cost protections and less onerous offset restrictions, according to written comments.

The Ontario environment ministry on Tuesday released draft regulations for its climate plan for large emitters, aligning with the federal government’s mandate through a rising carbon price and possible credit trading.

The Los Angeles Department of Water and Power (LADWP) will phase out three natural gas-fired power plants by the end of the next decade as the city works toward its 100% renewable energy goal, city officials announced Tuesday.

European carbon fell by nearly €2 on Tuesday to their lowest so far this year, plummeting late in the day as prices crashed below a major support level that had held up since late 2018.

Two African nations will receive over $100 million for protecting some of their forests under the World Bank’s Forest Carbon Partnership Facility (FCPF), the agency announced on Tuesday, jump-starting the first REDD payouts from the facility's Carbon Fund since it launched at the beginning of the decade.

EU rules passed into law on Tuesday would transfer responsibility away from Britain for managing the ETS requirements for hundreds of airlines in the event of a no-deal Brexit, with Germany taking on many of the major carriers.