Carbon Pulse

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

EUAs surged by over 4% to a three-month high on Friday, climbing back to pre-lockdown levels as oil gains and surprise US jobs numbers helped lift the wider energy complex and carbon's technical signals continued to point north.

California Low Carbon Fuel Standard (LCFS) credits have closed in on the transportation programme’s impending price cap over the past week after a state agency gave final approval for that cost containment mechanism to take effect.

New Zealand carbon allowances rose again in Friday trade, ending the week almost 16% above levels seen prior to the government’s Tuesday announcement on moving the fixed price option level.

South Korean CO2 allowances have slumped to their lowest level since last September on bearish economic data and plentiful supply ahead of 2019 compliance.

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

The Senior Associate works with the Executive Director of the U.S. Climate Alliance Secretariat in formulating and executing strategy to support the Midwestern Alliance states (at present Illinois, Michigan, Minnesota, and Wisconsin) in developing and implementing climate policy within their states and across the region.

A federal judge will not hear oral arguments this month in deciding on whether the California-Quebec ETS linkage is a violation of the US Constitution’s Foreign Affair Doctrine, and has also rejected the state's request to delay the court timeline to July.

California Carbon Allowance (CCA) prices slid on the secondary market following the Q2 auction despite a legislative push to require an ETS rulemaking next year, while RGGI prices rose ahead of the programme's own quarterly sale.

In the latest installment of our Carbon Pulse Conversations podcast, we speak with former RGGI Commissioners Justin Johnson and David Littel about the upcoming 2021 programme review for the Northeast US power sector cap-and-trade scheme.

Raising the EU's 2030 GHG emissions target may prove risky as the economic impact of the coronavirus pandemic and a potential rebound cannot be properly estimated, according to senior Polish experts.

Bipartisan Senate legislation unveiled on Thursday would help rural US stakeholders participate in carbon markets, building on heightened attention this year for driving climate change mitigation in the country’s agriculture and forestry sectors.

EUAs appeared poised to stay above €22 for the second straight day early on Thursday, further locking in this week's big gains despite a weaker energy complex as technical signals point higher. 

New Zealand carbon allowances saw strong gains for a third consecutive day in Thursday trade, as expectations grow that the price will move towards the NZ$35 fixed price option (FPO) over time.

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

California legislators included a cap-and-trade rulemaking requirement in a final version of the state’s budget on Wednesday after the Senate and Assembly reached an agreement on the proposal.

Mounting opposition could sink a California budget proposal to require a cap-and-trade rulemaking by next year, while more moderate legislators could also soften the provision to limit its long-term impact, a source told Carbon Pulse.

EUAs held above €22 after hitting a seven-week high on Wednesday, consolidating the previous session's strong gains even as the energy complex failed to support the move.

A combination of compliance waivers under the Renewable Fuel Standard (RFS) and significant fuel demand destruction from the coronavirus pandemic this year could sink US biofuel credit prices by swelling the surplus bank, a consultancy said Wednesday.

Imposing a border carbon adjustment to EU imports cannot be combined with continued free EU ETS allocations for affected sectors, the EU’s top trade official Sabine Weyand said on Wednesday.