Carbon Pulse

California Carbon Allowance (CCA) prices declined on the secondary market ahead of next week’s auction, while traders showed little appetite to transact RGGI allowances (RGAs).

California regulator Air Resources Board (ARB) will return to its twice-a-month offset issuance schedule after issuing credits on a rolling basis ahead of the WCI's Nov. 1 compliance deadline, a state official told Carbon Pulse on Thursday.

Governments could save almost $300 billion a year on emission reductions by 2030 if they cooperate among each other rather than working alone, a conference heard this week.

On behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ), GIZ’s Climate Sector Project provides conceptual and practical input for designing and implementing national climate contributions.

Czechia-based utility CEZ caught up to its historical hedging levels over Q3, it said in quarterly results on Thursday that could be a bearish signal for EUAs.

The Carbon Fund successfully listed on the New Zealand Stock Exchange (NZX) on Thursday, having raised over NZ$1 million ($680,000) from investors by offering exposure to carbon allowances and credits.

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California’s Air Resources Board (ARB) will retire future vintage allowances next year to meet the uncovered carbon obligations of the La Paloma generating station during the 2015-2017 period, pending approval of the regulator's proposed amendments, officials said.

Green group leaders are debating the efficacy of including Republicans in future climate policy efforts and resisting Trump administration environmental rollbacks after Democrats retook control of the House of Representatives in Tuesday's US midterms.

EUAs stretched their relief rally to a fourth day on Wednesday as another strong auction helped push prices above €18 and key technical resistance to further bolster bulls’ confidence.

Italian utility Enel advanced its hedging over the third quarter while it sold more power, it said in financial results on Wednesday, representing a slightly bearish signal for carbon.

India is aiming to launch a pilot carbon market mechanism for micro, small, and medium enterprises (MSMEs) and the waste sector by March of next year, according to official documents.

South Korea's government on Wednesday for the first time ordered selected coal- and oil-fired thermal plants to cut output in a bid to reduce heavy air pollution, an ad-hoc day-by-day move set to become a more regular occurrence impacting CO2 levels next year when the government imposes mandatory rules.

Countries should prioritise domestic emissions reductions over international credits, according to New Zealand’s Climate Change Minister James Shaw.

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California voters elected Democrat Gavin Newsom as their next governor, while Democrats flipped one of the eight gubernatorial races in the RGGI area during Tuesday’s midterm elections.

Washington’s second attempt at letting voters decide on implementing the first state-led carbon tax in the US appeared destined for failure on Tuesday evening, marking the latest setback in the Evergreen State’s ongoing struggle to put a price on carbon.

Despite the scientific evidence, there are still nations that are either not convinced of the need to reduce emissions, or are unwilling to do so. But real demand for change is growing at ground level. Consumers around the world are paying greater attention to the environment and the climate, and making changes to their own lifestyles. They are also starting to ask uncomfortable questions of the businesses that supply them.

Designing Climate Solutions: A Policy Guide for Low-Carbon Energy combines the latest research and analysis on low-carbon energy solutions from electric vehicles to renewable energy. It is the first book to identify which specific policies, applied to the top 20 most-emitting countries, can have the largest potential impact to reduce emissions enough for a 50% chance of keeping global warming to a safe level.

Companies regulated by Europe's carbon market exchanged roughly twice as many Kyoto credits for compliance-eligible EU Allowances over the last six months as they did during the same period in 2017.