Carbon Pulse

South Korean CO2 permits rose 10% on Friday, the maximum daily amount allowed, as smaller companies looking to buy added to price pressure.

European carbon prices retreated from the previous session’s seven-year high on Friday, dipping below €16 after the day’s auction cleared at its biggest ever absolute discount to the secondary market.

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

California regulator ARB's planning on how to set post-2020 emissions caps and new offset requirement in the state's carbon market could have negative implications for future GHG reductions, several experts said at a hearing on Thursday.

California carbon prices edged higher following Wednesday's announcement that the second quarterly WCI auction had sold out.

More speculators partook in RGGI's quarterly auctions in 2017 while compliance-oriented entities increasingly turned to the secondary market for their allowance needs, according to the programme’s annual report published Thursday.

South Africa’s cabinet on Thursday approved the government’s proposed carbon tax bill, bringing the long-delayed legislation a step closer to becoming reality.

European carbon prices jumped to a fresh seven-year high on Thursday, before recovering from a brief intraday drop under €16.

Access to the EU's emissions trading registry will be suspended for 48 hours in early June to allow for a software upgrade, the European Commission announced on Thursday.

Sweden has scrapped its plan to spend SEK 300 million (€29.4 mln) annually to buy and cancel EU Allowances, Carbon Pulse has learned, and will instead spend the earmarked proceeds from its sale of state-owned utility Vattenfall’s German lignite assets on low-carbon innovation.

New Jersey Governor Phil Murphy (D) signed a raft of energy legislation into law on Wednesday, including a controversial Zero Emissions Certificate (ZEC) programme for the nuclear power sector.

Ice cream maker Ben & Jerry’s is piloting an initiative where customers automatically offset the footprint of their retail purchases through buying Peruvian forestry offsets via blockchain technology.

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China will introduce a tender system for new utility-scale wind power plants in a bid to cut costs and reduce wasted generation, the nation’s energy regulator said Thursday.

New Zealand carbon allowances have dropped to their lowest levels since early April amid a lack of significant demand ahead of next week’s compliance deadline.

South Korean carbon permits rose another 1.8% on Thursday to extend yesterday’s 5.5-month high as emitters continued to scramble for the trickle of available supply in the tight market.

Energy and environmental commodity exchange operator CBL Markets has agreed a partnership with the UN’s climate change secretariat to list spot CERs on its trading platform, it announced on Wednesday.

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Voluntary carbon market developers risk being crowded out of existence by increasingly expansive climate policies worldwide unless they quickly work out a way to earn revenues within the scope of the Paris Agreement, experts said at an event on Wednesday.