Carbon Pulse

The Coalition government in Australia's New South Wales on Wednesday announced an Emerging Energy Programme with a CO2 cap that effectively rules out new coal plants, defying the federal government’s rejection to include climate change policy in energy planning.

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

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A petition filed Tuesday on behalf of a dozen environmental organisations accused the US EPA of illegally allowing millions of acres of wildlife habitat to be converted to cropland to satisfy the federal biofuels programme, releasing millions of tonnes of GHGs in the process.

The European Commission on Tuesday adopted proposals to amend the EU ETS Auctioning Regulation to allow for the 2020 start of carbon allowance sales for the bloc’s Innovation Fund, as well as the renewal of Germany’s auction platform contract, amid critical feedback from one of its exchange partners.

EU carbon prices suffered a fourth day of heavy falls on Tuesday, tumbling more than 8% before a late round of buying lifted prices back above €16.

China still plans to bring emissions-intensive manufacturing industries into its national ETS as soon as possible as it is set to start the programme with only the power sector, an official said Tuesday.

The UN has launched a tender to buy some 140,800 Gold Standard CERs, including a batch from projects with co-benefits for women.

Swedish utility Vattenfall’s EU ETS-covered thermal power output dropped 3.5% to 22.2 TWh over the first nine months of 2018, the company said in quarterly financial results on Tuesday, reflecting its reduced demand for allowances.

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

California Low Carbon Fuel Standard (LCFS) prices rose Monday to near all-time records ahead of the programme’s second quarter data release this week.

The New York Independent System Operator (NYISO) should consider an alternative proposal to account for carbon emissions in its wholesale market to create equity for hedged Renewable Energy Certificate (REC) costs, a large utility said Monday.

The Ontario government’s emissions reduction plan to replace its cancelled cap-and-trade programme is due next month, the province’s environment minister said Monday, with lawmakers considering approaches such as Australia’s reverse auction format.

European carbon prices continued to plummet on Monday, crashing below more technical support levels to a three-month low below €17.

A Virginia state board voted Monday to advance the Department of Environmental Quality's (DEQ) revised carbon market regulation, an official said, marking an interim step towards approving the programme that would link with RGGI and begin in 2020.

The UK is to allocate £60 million ($77 mln) to buy carbon credits from domestic landowners as part of efforts to plant 11 million trees by 2020, the government said in its budget on Monday.

The UK plans to replace its participation in the EU ETS with a £16/tonne (€18, $20.50) domestic carbon tax under a ‘no deal’ Brexit scenario, charging it on top of its existing Carbon Price Support emissions levy, the government announced during its autumn budget on Monday.

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