Carbon Pulse

EU carbon prices again gravitated towards €16 following a second day of choppy trade, failing to scale new ground after another strong auction.

Czechia-based firm EPH gained ground on German utility RWE as the biggest emitter in the EU ETS last year as it continued to build its portfolio of thermal power assets, according to a report published Thursday.

South Korean carbon allowances lost another 2% on Thursday, as last week’s government auction and a large amount of swap deals have taken some of the edge off compliance demand, which had been estimated as high as 30 million.

The Climate Finance Specialist will join the Climate Policy Hub (CPH), based at the CIAT Asia regional office in Hanoi (Vietnam), and work under the supervision of the CPH leader. She/he will have overall responsibility to provide scientific expertise on channeling investments to support developing country priorities for the agriculture sector under the Paris Agreement, and on developing innovative CSA financing schemes including green bonds, carbon markets, REDD+ and payment for ecosystem services (PES).

New Zealand on Thursday launched a public consultation on how to achieve its ambition of net zero emissions by 2050, but revealed that the target might cover less than half of its total GHG output.

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The number of EU ETS-covered companies holding a surplus of allowances has more than halved over the past year, according to a worldwide survey by Thomson Reuters Point Carbon.

EU carbon prices edged higher in a choppy session on Wednesday, though they failed to hold above €16 for a second straight day despite a stronger auction result.

A veteran EU environmental campaigner has joined a global public affairs consultancy firm, Carbon Pulse has learned.

US biofuels credits shot up on Wednesday from 5-year lows seen earlier this week, as President Trump reportedly nixed a plan to implement major reforms to the federal Renewable Fuels Standard (RFS).

An anti-carbon market businessman will square off against California’s lieutenant governor in the state’s gubernatorial election this fall, as voters on Tuesday defeated a measure that would have given Republicans more control over cap-and-trade funds.

A number of China’s pilot emissions trading schemes have announced carbon credit auctions, offset eligibility rules, and fresh sanctions ahead of the upcoming annual compliance deadlines.

Thomson Reuters Point Carbon has upped its EU carbon price forecasts in light of the recent rally, but predicted that EUAs will retreat somewhat in the coming months.

Imposing national or regional carbon price floors within the EU would risk market distortions in exchange for no environmental benefit, business group IETA said Wednesday.

A group of 11 major Chinese solar power investors on Wednesday said a recent cut in feed-in tariffs has created major problems, urging the government to instead introduce amarket-based mechanism to help the industry become self-sufficient within 3-5 years.

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

New Jersey should adopt a 2020 RGGI cap of 12-13 million short tons in order for the state to achieve its climate goals, several environmental groups wrote in a letter published Tuesday.

Prices for Renewable Identification Numbers (RINs) sunk to levels not seen since 2013 on Monday, as the Trump administration was reportedly set to unveil sweeping programme changes to the US biofuels policy discussed last month.

The UK’s financial regulator has issued a warning about fraudsters using the details of a regulated London-based carbon trading firm to try to dupe investors.

EU carbon prices slid back below €16 on Tuesday amid falling energy prices after EUAs stormed to a fresh seven-year peak earlier in the day.