Carbon Pulse

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

Western and Central Africa have been cultivating oil palm for millennia, though the big money is flowing into Indonesia and Malaysia, which produce more than 80% of the world’s palm oil supply. Now Indonesian and Malaysian palm oil companies are expanding into African regions, and environmentalists are worried that could accelerate deforestation.

New York plans to finalise its regulations to conform to the post-2020 RGGI Model Rule next year, an official told Carbon Pulse.

Two Washington DC legislative committees unanimously endorsed a bill Tuesday that would see the US capital source all of its energy from renewables within 15 years, moving it one step closer to a full vote.

Norway’s oil firm Equinor plans to buy REDD forest protection credits to offset its emissions from operations not already covered by carbon pricing, it said Tuesday, while revealing plans to ramp up its foreign exploration.

European carbon ended higher on Tuesday but off the day’s peak after EUAs saw their rally disrupted by a rout in wider energy and financial markets.

The Guangdong carbon exchange on Tuesday announced another small auction of offsets eligible for use in the provincial emissions trading scheme, with the minimum bid price set at only around half the clearing price of last week’s sale.

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

Large Canadian emitters to be regulated by the federal government’s output-based pricing standard (OBPS) from 2019 will face a compliance unit deficit of nearly 12 million tonnes during the market’s inaugural year, according to a new report released Monday.

Governments are not expected to offer much clarity on how the CDM will transition into the post-2020 Paris Agreement era as year-end UN talks in Katowice get bogged down in other issues, observers say.

The Oregon Clean Fuels Program (OCFP) in Q2 saw more deficits than credits generated for the first time in the regulation’s history, data showed, while a state agency approved a minor amendment package to expand eligible credit types.

An overwhelming majority of Australian business and industry think the government should strengthen its climate ambitions and develop a suite of market-based policies to meet them, a survey has found.

European carbon prices recovered from an early fall and a weak auction on Monday to close near €19 for a third straight session.

The CPA 1 will work within the Office of Climate Change to support delivery of mitigation and adaptation programs critical to fulfilling the state’s climate agenda.

Australia’s biggest oil and gas exploration company has initiated the environmental approval process for a new LNG project that would emit up to 7 MtCO2e per year, enough to erase around a third of the carbon output saved through the Emissions Reduction Fund (ERF).

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

California regulator ARB on Friday postponed a decision until next spring on whether to approve the Tropical Forest Standard (TFS) that could allow jurisdictions to link their sector-based offset programmes to the state’s carbon market, with stakeholders warning of the standard's environmental and social ramifications.

EU carbon prices ended above €19 on Friday as the UK government stuck to its efforts to pass a Brexit deal, while a huge drop in coal prices boosted the prospects for coal generators to ramp up EUA buying.

Nodal Exchange and IncubEx launched their first tranche of environmental products in North American carbon, renewable energy, and other environmental markets on Friday, adding another player offering futures contracts in the market.

EU carbon prices will soon rise to levels that will force the closure of a number of German coal plants, according to a member of an industry association represented on the country’s coal exit commission.