Carbon Pulse

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

Switzerland will take a conservative approach to procuring international credits that is unlikely to run afoul of international guidance in the future, an official said Wednesday.

California regulator ARB minted 365,845 California Carbon Offsets (CCOs) during its first issuance of 2019, with a bulk of the credits coming from a single ozone-depleting substance (ODS) developer.

Lower California Carbon Offset (CCO) prices are expected to persist following the WCI cap-and-trade programme's Nov. 2018 compliance deadline, while entities are starting to offer credits with direct environmental benefits to the state (DEBs), market sources told Carbon Pulse.

European carbon prices fell on Wednesday, resuming the downward path they have carved so far in 2019 despite reduced supply.

Washington Governor Jay Inslee (D) submitted draft legislation on Tuesday to move the state to a carbon-free electric grid by 2045, incorporating the use of renewable energy credits (RECs) and investments in energy transformation projects as compliance strategies.

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

Pennsylvania Governor Tom Wolf (D) signed an executive order Tuesday announcing the US state’s first ever GHG targets, coming ahead of an updated climate plan that may reveal further information on a possible cap-and-trade strategy.

New Hampshire state legislators are drafting a bill to install the post-2020 RGGI Model Rule, while an additional measure could funnel auction revenue back into energy efficiency projects, multiple sources told Carbon Pulse.

Switzerland’s agency tasked with acquiring Paris-era carbon credits is advancing its sourcing efforts despite uncertainties domestically and on global rules covering emission trade after 2020.

European carbon prices rebounded on Tuesday following Monday’s sell-off, though some traders grew more bearish by the light volumes and lack of sustained buying.

US energy-related CO2 emissions rose markedly in 2018 as natural gas-fired power output outpaced both renewables growth and declines in coal use and as other sectors ramped up production, analysts said on Tuesday.

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

EU utility profit margins have been shielded from rising CO2 prices by power price gains, but this will fade from next year as their forward hedges begin to expire, ratings agency Fitch said on Monday.

Twelve Massachusetts companies submitted bids for allowances for the December auction of the state's Global Warming Solutions Act (GWSA) carbon market, with an undisclosed number receiving credits from the first sale, officials announced Monday.

The Environmental Defense Fund's (EDF) Climate Program seeks a highly motivated, analytically rigorous Policy Analyst to join EDF’s Washington, DC or Boulder office. 

Environment America is seeking a climate change policy fellow for a two-year programme in Denver.

California Low Carbon Fuel Standard (LCFS) prices have slid in recent days after reports surfaced that utility PG&E was exploring a possible bankruptcy filing if found liable for a devastating wildfire last year.

Poland’s hastily-passed law to cap retail electricity prices and use EUA sales to compensate utilities has left EU regulators and the power market awaiting details and raised questions as to whether the plans fall foul of the bloc's state aid rules.

Germany’s weekly EU carbon auctions are expected to resume next month, the European Commission said late on Monday, which could introduce more allowances to the supply-constrained market sooner than some had expected.