Carbon Pulse

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

Market participants do not see any near-term implications from PG&E's proposed restructuring plan, but the embattled utility could create bullish pressure for CCAs once it exits bankruptcy in mid-2020.

Switzerland and the EU remain on track to implement their ETS linking agreement in early 2020, though there may be a delay in the actual physical connection between the carbon markets, sources said.

California has awarded nearly 1 million new offset credits across two protocols in its latest issuance round, while the regulator minted fewer credits with reduced invalidation risk, according to data released Wednesday.

EUAs hit a four-week high above €27 early on Wednesday but dropped back amid a weaker energy complex, giving back some of Tuesday's huge gains.

Australia on Wednesday opened a review of the method that allow land-owners to earn carbon credits for avoided deforestation, an approach that has previously come under fire for lacking integrity but from which the government has contracted to buy some 26 million offsets.

Korean CO2 permits rose again in Wednesday trade to equal Monday’s record high closing price, but today’s KAU auction cleared at 2.6% below secondary market prices.

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

China and Russia have blasted the ICAO’s CORSIA aviation offsetting mechanism as unfairly burdening emerging economies, setting up a testing triennial Assembly of the UN aviation body that also threatens the EU's inclusion of flights in its carbon market.

Oregon Democrats intend to finalise revisions to their WCI-modelled ETS proposal for the 2020 legislative session by Thanksgiving (Nov. 28), while also engaging with Washington lawmakers who are hoping to enact their own cap-and-trade scheme.

European carbon prices surged on Tuesday along with wider energy prices on news that some of France’s nuclear fleet risks closure due to substandard components.

Incoming European Commission President Ursula von der Leyen has appointed Frans Timmermans as one of three deputies and tasked the former Dutch foreign minister to deliver on her “European Green Deal” while overseeing commissioners for agriculture, health, transport, energy, cohesion and reforms, and environment and oceans.

South Korean carbon allowances fell back slightly on Tuesday after starting the week at record highs, but demand remains strong as the clock ticks towards the annual compliance deadline at the end of the month.

California utility Pacific Gas & Electric (PG&E) plans to set aside nearly $18 billion to settle wildfire claims from residents and government entities as it seeks to exit bankruptcy by June 2020, according to a plan filed late Monday.

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

International communities could struggle to meet the criteria set by California’s proposed Tropical Forest Standard (TFS), but the adoption of the policy may incentivise them to begin addressing deforestation, according to experts.

The surrendering of Colombian offsets to comply with the country’s carbon tax has slowed this year due to an extreme supply squeeze and administrative delays.

This position will lead the firm's investment team and act as the portfolio manager for the first and prospectively subsequent funds.

RGGI compliance entities significantly increased their holdings on the secondary market prior to the September auction, while they also added length at the quarterly sale amid expectations prices will rise in the future, traders said.

A Paris court has upheld the sentences of two men jailed for defrauding the French government out of €146 million via the EU ETS.