Carbon Pulse

Oregon Republican state representative Knute Buehler said this week during a debate that he would oppose legislation to develop a carbon market if elected on Nov. 6 in the state’s tight gubernatorial race, the second major climate policy the candidate has come out against.

The UK will exit the EU carbon market in late March 2019 if Brexit negotiators fail to strike a divorce deal, the British government said in a notice late Friday, while also suggesting UK entities consider opening registry accounts on the continent to retain access to their emission unit holdings.

European carbon prices added 2.5% on Friday to finish the week back above €20 after plunging to a one-month low in the previous session.

The UK will be excluded from participating in the EU ETS under a 'no deal' Brexit scenario, the government announced late on Friday.

The Polish government is preparing a plan to compensate industry and consumers for rising EUA prices, the country’s energy minister told local media, adding that he will again request that Brussels intervene in the market because the conditions for action have now been met.

Closing prices, ranges and volumes for China's regional pilot carbon markets this week.

China’s environment ministry has clarified the structure and role of its climate change division, adding the construction of the national emissions trading scheme to its list of duties after omitting the ETS from an initial overview published last month.

New Zealand carbon allowances on Friday came down from the record highs seen earlier in the week, with some observers saying a correction to below NZ$25 might be due.

Australia’s Clean Energy Regulator issued 228,473 new carbon credits this week, with all recipients under contract with the Emissions Reduction Fund, leaving no fresh supply to the secondary market.

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

The administrator of the California-Quebec carbon market amended its by-laws on Thursday to account for Ontario’s summer departure from the programme, and approved in principle work to help account for cross-border compliance instrument transfers.

RGGI allowances continued to find support at higher prices this week due to heightened interest from speculators, while California allowances stagnated on the secondary market.

The Dutch government’s proposed carbon floor price won’t likely affect the country’s energy sector until the latter half of next decade due to rising EU Allowances, analysts predict.

The US Bureau of Labor Statistics reported Thursday that year-over-year inflation dipped in September, setting up a potential California carbon market floor price of $15.60 next year.

Switzerland plans to introduce a domestic carbon price floor when it links its emissions trading scheme to that of the EU in early 2020, a senior lawmaker told Carbon Pulse.

The slide in European carbon prices continued into a third session on Thursday, with prices tumbling to a one-month low near €18.

Australian Resources Matt Canavan on Thursday attacked the energy sector over reports that major emitters are discussing among themselves how to regulate greenhouse gas emissions in the absence of a government policy.

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