Carbon Pulse

European carbon allowances are forecast to remain above €20 even in the case of a massive sell-off by the investors who helped prices triple in the past year, analysts said.

RGGI prices and trading activity increased significantly on the secondary market during the third quarter, but the ETS saw fewer transfers between unaffiliated companies, according to a report published Wednesday.

The Nova Scotia environment ministry published regulations Wednesday that outline the annual emissions cap for its carbon market that would begin in Jan. 2019 and auction sale procedures that would start the following year. 

The European Commission has cautioned stakeholders over their suggestion that the EU carbon market is being manipulated, as participants called for more transparency.

California’s 2019 cap-and-trade price floor should rise to $15.62 after year-over-year inflation increased slightly to 2.5% during October, data showed on Wednesday.

German utility RWE advanced its EUA hedging over Q3, albeit at a slower rate than the previous quarter, the company said Wednesday, providing a mixed signal for carbon.

Thailand is expecting to put in place over the next eight months a number of the elements that will make up its national carbon market, but the lengthy process of imposing a national climate change act means the programme won’t launch until after 2020.

New Zealand carbon allowances on Wednesday fell below the NZ$25 fixed price option for the first time since Aug. 29 as bids retreated to NZ$24.90 ($16.89).

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

European carbon ended lower on Tuesday in a wild session that saw buyers emerge to quickly lift prices back up every time they crashed below €20.

The New York Independent System Operator (NYISO) proposed carbon charge would have a minor impact on emissions inside of the state and across the region, while leading to little change in the RGGI market, three independent studies found.

The California-Quebec November auction will likely settle within a few cents of the secondary market, most traders predict, but there did not appear to be consensus view as to whether it would be at a discount or premium.

The world cannot afford to build any more fossil fuel-based infrastructure without increasing warming by more than 2C, the global energy watchdog IEA warned Tuesday in its annual World Energy Outlook.

German utility Uniper continued to hold back on its EUA hedging in Q3, but said it intends to catch up to its normal rates when margins are fatter.

Quebec’s former environment minister and a key architect of the province’s cap-and-trade scheme is joining the energy and climate practice of a major Canadian law firm.

Japan’s biggest business lobby group on Tuesday reiterated that it wants to stick to its voluntary approach to cutting emissions despite growing calls for the government to put a price on carbon to help meet its Paris target at lower cost.

South Korean carbon prices are at their highest since July, but could go even higher as rising emissions in some of the biggest ETS sectors are set to further deplete available supply in the market, according to analysts.

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

ICF, a global consultancy firm, is searching for an associate to support climate, energy efficiency and transportation line of business. The role will be responsible for carrying out domestic and international projects in the sustainability and climate fields.

Lloyd's Register is looking for an independent contract in the climate change and sustainability area to lead GHG verification for various clients world-wide.