Carbon Pulse

Chile has been named as the location of next year’s UN climate summit after Brazil withdrew its offer to host.

Oregon’s cap-and-trade programme may include a set-aside account that would help utilities during poor hydroelectric generation years.

European carbon prices extended this week’s rally on Friday, hitting a three-month high near €24 amid lighter volume and drying up supply.

A new global carbon market mechanism under the Paris Agreement’s Article 6 risks undermining the landmark climate treaty if negotiators fail to remove a ‘poison pill’ in the draft text thought to have been backed by Brazil, observers said Friday.

Closing prices, ranges and volumes for China's regional pilot carbon markets this week.

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

Nine member states have pledged to co-operate to strengthen EU carbon prices to help meet the goals of the Paris Agreement, either at EU level, regionally, or nationally.

California regulator ARB approved a suite of amendments on Thursday that will alter several price and offset-related elements of the programme, and also included language to ease concerns about oversupply, cost containment, and indirect emissions.

It's more than a decade away but EU member states are starting to consider strategies for meeting their tougher 2030 emission reduction targets for trickier sectors like transportation and agriculture, as a carbon market outside the ETS begins to take shape.

The basis for an international emissions trading system under the Paris Agreement’s Article 6 became clearer on late Thursday, though some worried that the requirements could prove onerous for investors.

European carbon prices climbed to a fresh two-month high on Thursday, as bulls felt empowered after yesterday’s options expiry saw a huge rally rather than the sell-off that some had foretold.

Switzerland and Peru have agreed to formalise a process expected to lead to the European nation buying some of the first carbon credits generated under the Paris Agreement framework.

German energy exchange EEX on Thursday published the Polish EUA auction calendar for 2019.

Chile could add the use of offsets as a compliance option for its $5/tonne carbon charge and expand its coverage to more sectors, though a timeline for those revisions remains uncertain, an official told Carbon Pulse on Thursday.

The EU and its non-EU neighbours Norway and Iceland on Thursday reached an agreement on joint fulfilment of their Paris Agreement climate targets that will allow the countries to trade more of their emissions.

Negotiations over a Paris rulebook in Katowice are nearing the end as ministers have reported on the status of the talks to the Polish presidency, though delegates are readying themselves for an extended stay as chances of reaching a deal appear slim.

RGGI allowances (RGAs) saw mixed price reactions and increased activity following the Dec. 5 auction result, while California Carbon Allowances (CCAs) rose slightly over the past week on thin volume.

British Environment Minister Claire Perry on Thursday announced that the UK is vying to host the annual UN climate summit in 2020.

New Zealand carbon allowances fell nearly 4% from record highs on Thursday as the highly anticipated government ETS reform package failed to clarify the near-term fate of the NZ$25 fixed price option.

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