Carbon Pulse

The European Commission foresees revenues from both EU ETS auctions and carbon border measures in its coronavirus recovery budget proposal announced on Wednesday, which will help fund a four-fold hike in 'just transition' cash.

US biofuel credit prices under the Renewable Fuel Standard (RFS) rose over the last week to levels not seen since February, even as federal agencies indicated they would review recent compliance waiver applications for past years.

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European carbon prices eased on Wednesday after posting three straight days of gains, as market participants raised the prospect of EUAs retreating somewhat after yesterday’s one-month high.

Queensland senator and former Australian Resources Minister Matt Canavan on Wednesday called for Australia to pull out of the Paris Agreement, just days after Energy and Emissions Reduction Minister Angus Taylor confirmed the nation would not consider a new target under the treaty until 2025.

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

Britain has asked the UN climate agency to reschedule the delayed COP26 summit in Glasgow for November 2021 in order to further mitigate the impacts of coronavirus pandemic, with a decision slated for later this week.

UN aviation body ICAO’s expert panel will consider eight additional emissions unit programmes for the global offsetting mechanism CORSIA, with the submissions ranging from Kyoto-era crediting methodologies to jurisdictional-scale forest and land-use activities to an unauthorised application to incorporate the Northeast US RGGI carbon market.

EU nations are expected to side with European Commission proposals to modify the emissions baseline for the UN’s CORSIA international flight offsetting mechanism this week, even as the bloc's executive expects the changes to eliminate airlines’ buying requirements until the mid-2020s.

California Carbon Allowance (CCA) prices rose Tuesday morning as traders saw a bullish outlook from legislators advancing budget language this weekend that would require regulator ARB to conduct a cap-and-trade programme rulemaking by next year.

In the latest instalment of our Carbon Pulse Conversations podcast, we chat with Plinio Ribeiro, CEO of Brazil-based offset project developer Biofilica, about COVID-19 related impacts on the REDD credit market and the outlook for compliance and voluntary market-based programmes both internationally and in Brazil.

EUAs broke above €22 for the first time in a month on Tuesday, as bullish technical signals helped spur momentum despite an uptick in supply following a three-session auction pause.

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Veolia’s Australian subsidiary has delivered 220,000 offsets to the government’s Emissions Reduction Fund (ERF), worth almost A$2.9 million ($1.9 mln).

C40 Cities is looking for a passionate individual to join its China office for the program promotion and communications work of the C40 China region.

Japan and the Asian Development Bank have extended by three years their cooperation on climate change and carbon markets, including the Joint Crediting Mechanism (JCM).

Around two-thirds of emissions from ships using European Economic Area (EEA) ports are from voyages to or from countries outside that region, EU data has confirmed, in findings that reflect how the bloc’s future climate regulations could affect trade far beyond EU waters.

Governments must ignore airlines’ pleas to modify the UN’s CORSIA international flight offsetting mechanism in the wake of the coronavirus impact because doing so would set back airlines’ climate action many years, campaigners and offset industry players urged on Monday.

China has announced major merger plans in the coal sector to pave the way for shutting down over-capacity, raising questions about its intensity-based approach to doling out CO2 allowances under its emissions trading scheme.

The World Bank Group has launched a request for proposals (RFP) to buy almost 200,000 carbon credits to offset the organisation's emissions.