Carbon Pulse

EU carbon prices tumbled to a two-week low on Thursday after buyers struggled to absorb extra auction supply and amid weakness in wider financial markets.

Germany aims to ensure EU nations agree by year-end on a collective 2030 emissions target of 55%, the country's economy minister told EU lawmakers on Thursday, a level representing the higher end of ambition currently under consideration.

British Columbia fuel suppliers will face a less stringent Low Carbon Fuel Standard (LCFS) benchmark in 2020 due to the coronavirus pandemic, but the sector will still see the transportation programme’s emissions reduction target double by the end of the decade, the province’s Ministry of Energy, Mines, and Petroleum Resources announced Wednesday.

Members of the European Parliament’s environment committee are keeping pressure on EU leaders to use ETS funds to finance the EU’s seven-year budget ahead of a key summit on Friday.

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A major US investment firm has bought a minority stake in Australia’s biggest developer of carbon offset projects, seeking to expand the firm’s activities and enter new markets.

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

Colorado could achieve its new 2030 GHG reduction target and drive carbon abatement at a lower cost than sector-specific strategies by implementing an economy-wide cap-and-trade programme, according to a report published Tuesday.

An offset developer and verifier were aware of past regulatory non-compliance issues at a Wisconsin-based livestock project last summer, but those previous problems did not halt the progression of a new reporting period from the dairy digster under California's ETS, according to emails obtained by Carbon Pulse.

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Lawmakers on Wednesday introduced the legislation to establish a post-Brexit UK emissions trading scheme from Jan. 1, 2021.

EUAs climbed back above €30 early on Wednesday as markets lifted on COVID-19 vaccine hopes, though prices eventually tumbled nearly 3% to below €29 following a weak auction and as oil prices jolted lower.

Portuguese oil and gas company Galp Energia has recorded a loss of €60 million from “unauthorised” transactions in carbon allowances, it said Tuesday.

The UK government could need to continue auctioning EU carbon allowances even after it leaves the bloc and its emissions trading scheme, Carbon Pulse has learned.

New Zealand carbon allowances rose 1.3% in Wednesday trade to climb back above the NZ$32 mark as potential sellers are happy to hold on to their supply, forcing buyers to push higher.

Australia’s proposal to issue carbon credits to big industrial emitters that beat their baselines under the Safeguard Mechanism raises deep concerns about the potential market impact, and should only be considered under certain strict conditions, according to the country’s leading carbon industry group.

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

A New York-based firm will launch a hedge fund next month aimed at capitalising on the societal shift to a low-carbon economy, with 40% of its investment aimed at purchasing emissions allowances, according to media reports.

Carbon Pulse has further expanded its roster of reporters, hiring a new Brussels-based correspondent to enhance the company’s news coverage and data analysis during a crucial period for both EU climate policy and the continent’s energy markets. Arjun Patel takes up the role of EU Carbon and Energy Markets Correspondent, helping to bolster Carbon Pulse’s […]