Carbon Pulse

A crediting mechanism for big Australian emitters beating their CO2 targets would put a downward pressure on offset prices without adding fresh demand and could force the need of a new type of carbon credits to distinguish higher-value land-based units, analysts said Wednesday.

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

California Carbon Allowances (CCAs) transacted at the WCI floor price on the secondary market for the first time since mid-March on Tuesday, with traders attributing the higher values to increased demand ahead of the Q2 auction.

Reducing emissions from Europe's non-ETS covered sectors, either by expanding the scope of the EU ETS or through a carbon tax, will be challenging but critical for Poland’s energy transformation in particular, experts said on Tuesday.

In this latest episode of our Carbon Pulse Conversations podcast, we chat with Owen Hewlett, chief technical officer at The Gold Standard, which is one of the main certifiers of voluntary carbon market projects and an approved standard under the international CORSIA aviation offset scheme.

California Low Carbon Fuel Standard (LCFS) credit prices rose past the $200 mark on Tuesday for the first time since March, despite some participants cautioning the increase was not supported by market fundamentals.

EUAs bounced around the €19 level once again on Tuesday, maintaining their recent support in a market lacking technical direction.

California’s ETS floor price is on pace to rise less than 5% in 2021 as year-on-year inflation dipped in April amid the growing coronavirus pandemic sweeping across the US, according to federal data released on Tuesday.

European oil majors should provide greater clarity on the contribution that carbon offsets and CCS will make towards their voluntary climate goals amid doubts about global supply potential, according to a report commissioned by investors and published on Tuesday.

Utility CEZ reported a ticking over in its hedging during Q1 to ensure its hedging position all-but caught up with the previous year even as its coal-fired output fell away.

South Korean carbon allowances fell 8.2% in Tuesday trade to hit their lowest value since early January as the economic downturn brought on by the coronavirus continues to bite, casting doubt over the worth of banking permits to next year.

Australia has delayed by a year the transition to new emission baselines for companies covered by the Safeguard Mechanism as the ongoing coronavirus crisis is making it difficult for emitters to submit new baseline applications in time for the original deadline.

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

The Congress of Mexico’s Baja California has passed a proposal that will see the Pacific Coast state impose a new emissions levy at a higher rate than the federal CO2 tax.

Oakland Fellows are expected to be passionate leaders in developing solutions to climate challenges; supportive teachers in educating the next generation of climate leaders; and intelligent team members in building collaborations that span internal departments as well as local, national, and international climate efforts.

ENGIE Impact delivers sustainability solutions and services to corporations, cities and governments across the globe. Comprised of existing and proven ENGIE Group businesses, ENGIE Impact brings together a wide range of strategic and technical capabilities, to provide a comprehensive offer to support clients in tackling their complex sustainability challenges from strategy to execution.

The UN's CORSIA flight offsetting scheme could fall to pieces if the EU abandoned it, the bloc’s transport commissioner said on Monday during a hearing with European lawmakers sceptical of aviation body ICAO's climate ambition.

The European Commission on Monday launched a consultation on an initiative to tackle GHG emissions and energy efficiency from buildings, which may see a portion of ETS revenues used to finance the EU’s so-called "renovation wave".

California electricity sector emissions climbed year-on-year during March as the coronavirus pandemic forced a statewide ‘shelter-in-place’ order, with natural gas-fired generation making up a larger share of the state's power, according to California Independent System Operator (CAISO) data.

US biofuel credit (RIN) values have held in a narrow range over the past three weeks, coming amid the EPA giving regulatory relief to a bankrupt company on its overdue Renewable Fuel Standard (RFS) obligations and another regulated party indicating it will challenge a lower court’s ruling on small refinery exemptions.