Carbon Pulse

The Northeast US RGGI carbon market will make 16.2 million allowances available for its September auction, the programme administrator announced Tuesday.

The spot price in Beijing’s pilot emissions trading scheme rose to a record price of 100 yuan/tonne ($14.26) on Tuesday, though traded volumes remain low.

Australian project developer Corporate Carbon has hired an experienced offset market expert to head up the strategic development and origination team of its advisory arm.

Carbon permits in South Korea’s emissions trading scheme saw a fourth consecutive session of losses on Tuesday as traders increasingly realise the COVID-19 driven economic downturn means the market will be oversupplied for the foreseeable future.

The European Parliament’s environment committee (ENVI) on Tuesday voted in favour of an amendment to fast-track international shipping into the EU ETS via the bloc's monitoring, reporting and verification (MRV) regulation for maritime emissions.

China’s biggest coal company is set to make huge windfall profits under the national CO2 emissions trading scheme after data showed Tuesday the CO2 intensity at its power plants is far below even the strictest benchmark proposed for the carbon market.

Australia’s Clean Energy Regulator has awarded over 300,000 carbon credits to three coal mine methane power stations in its latest offset issuance, which topped 550,000 credits in total.

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

WCI regulated parties bolstered their net long California Carbon Allowance (CCA) holdings at the end of the second quarter, while speculators’ long positions largely remained unchanged, according to US Commodity Futures Trading Commission (CFTC) data released Monday.

WCI regulated entities pared back on shifting allowances into compliance accounts ahead of the cap-and-trade programme's November partial compliance deadline, while total permit holdings incrementally rose due to May's undersubscribed auction, according to California-Quebec data released Monday.

Lawmakers in the European Parliament on Monday opened the door to the EU's €40 billion Just Transition Fund (JTF) being able to fund natural gas projects, setting up a potential clash with member states.

EUAs rose more than 6% on Monday, extending last week's year-highs despite a weak auction as market participants grew more frustrated with the growing, speculator-fuelled disconnection between soaring prices and dimming fundamentals.

Reporting to the Value Chain Certification Manager, the Value Chain Certification Officer will serve as in-house technical expertise for the auditing of pilot activities conducted in the context of value chain sustainability reporting, with a particular focus on land-use related activities including soil carbon enhancement.

EU co-legislators must quickly reach an agreement on the bloc's upgraded 2030 target as a subsequent ETS review "cannot afford any delays", an advisor to European Commission President Ursula von der Leyen said on Monday.

Four EU nations could ramp up their renewables deployment through 2030 at a lower cost than current plans, while almost halving their power emissions, analysts said in a report published on Monday.

Prince Edward Island (PEI) should implement a more effective carbon pricing system to hit its GHG reduction target than the Canadian province’s current approach, a legislative committee said.

Six of China’s biggest utilities have stopped submitting daily coal data to one of the country’s leading energy and economic indicators, creating expectations that coal prices might rise and add to the pushback against putting in place an effective carbon price.

The biggest of New Zealand’s government coalition partners has pledged to revise legislation to limit the conversion of productive farmland to forests, if it remains in power after the September election.

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

EUAs recovered from an early drop on Friday for the second straight day, moving back towards this week's 11-month high above €28 as buying remained incessant and largely unexplainable by traders despite more bearish news.