Carbon Pulse

Compliance entities and speculators took a less aggressive bidding approach to the November WCI current vintage auction because of the market's growing allowance surplus and limited ability or desire to hold that length, numerous traders told Carbon Pulse.

One of the largest projects in California’s offset programme saw its invalidation period shrink to three years as California and Quebec issued a total of 338,000 new offsets this week, according to state data.

The UK aims to get its first big carbon capture, storage and use (CCSU) facility operational in the mid-2020s, but the government was coy on how the facility would be funded.

US biofuels credits under the Renewable Fuel Standard (RFS) received a boost on Tuesday after a media report said the Trump administration was temporarily halting the issuance of compliance waivers for an agency review.

The European Commission adopted an updated climate strategy on Wednesday, outlining a “realistic” pathway to net zero emissions by 2050 without the use of international credits.

EU carbon prices briefly tumbled below €19 on Wednesday after a bumper UK auction cleared at a record discount, but some traders said there may be more to the bearish result than weak demand.

Should the state government in Western Australia decide to reinstate obligations for the LNG industry to offset its greenhouse gas emissions, that could drive demand for 15-60 million carbon credits each year, a report said Wednesday.

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

A bipartisan group of US House representatives introduced a $15 carbon fee and dividend bill on Tuesday that could signal the onset of increased climate policy efforts in next year’s Congress.

The New York Independent System Operator (NYISO) will alter its CO2 pricing approach to carbon-free resources on the margin in an effort to minimise emission leakage, according to a presentation.

EU carbon prices dipped on Tuesday, staying in a narrow range in a becalmed session that defied a rising energy complex.

Maryland’s Department of the Environmental held its final public hearing on Monday for the proposed RGGI Model Rule updates, and officials anticipate finalising them next month.

France on Tuesday confirmed plans to close two of its nuclear reactors in 2020 as part of a strategy that paces the country's atomic power phase-down through 2035 while hiking domestic carbon taxes.

EU carbon prices will rise by at least 60% to above €30 early next year as the onset of the MSR squeezes the market, analysts predict.

Countries are going even further off track towards limiting global warming to 2C as emissions began increasing in 2017, according to a UN report that found nations must triple emissions cuts pledged under the Paris Agreement to keep within the temperature limit.

For the second time in two weeks, Guangdong-issued carbon offsets have sold at auction for well over 40% above secondary permit prices.

Most wind and solar power investment now occurs in developing countries, though highly polluting coal power generation is not being displaced by those sources, analysts found in a comprehensive survey.

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

The Intercontinental Exchange (ICE) has lost its US director of environmental and coal markets to competitor IncubEx, sources told Carbon Pulse.

No California-based forestry projects are believed to have been impacted by the numerous wildfires that have hit the state over the past several months, several registry officials and offset developers said, though the final assessment could still take time.