Carbon Pulse

European carbon closed lower on Tuesday, ending a three-day streak of gains, after a bullish auction result failed to provide the momentum needed to test recent highs.

Centuries of unsustainable agriculture have squeezed massive amounts of nitrogen and carbon out of soils, but scientists think we can pull about 10% of our GHGs out of the air and inject them into soils just by switching to climate-safe agriculture – a practice that could also increase farmers’ yields and save on fertilizer costs.

A group of northeast US states could outline a proposal to regulate carbon emissions from the transportation sector later this year, potentially putting them on the path to have a fully-functional programme by 2021, experts said.

Aviation needs to impose a carbon price as high as $200/tonne to incentivise a switch to cleaner fuels and reach zero emissions without offsetting by 2060 in order to align with the Paris Agreement, an expert group told industry leaders on Tuesday.

Korea’s South Chungcheong province on Tuesday became the first Asian jurisdiction to join the UK- and Canadian-led Powering Past Coal Alliance, a move that will see closing dates for 14 coal plants brought forward by up to five years.

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The California Low Carbon Fuel Standard (LCFS) market has jumped back to life after the state regulator Air Resources Board (ARB) approved an amendment package for the programme last week, prompting prices to claw back towards record highs hit this summer.

A collection of state government representatives and environmental groups criticised the US Environmental Protection Agency's (EPA) proposed Affordable Clean Energy (ACE) rule at its lone public hearing on Monday, saying the regulation would backtrack on climate change mitigation in the power sector and be a detriment to public health.

EU carbon saw another volatile trading session Monday, but prices rose for the third consecutive day on a stronger auction performance.

Maryland is on track to release its final proposed amendments to adopt the post-2020 Regional Greenhouse Gas Initiative (RGGI) rules in October, putting the state on track to approve the changes this year, a state official told Carbon Pulse.

UCS seeks a smart and savvy advocate for renewable energy, electric vehicles, and other science-based solutions to climate change.

Australia’s Clean Energy Regulator has set an annual emissions cap for Shell’s Prelude project under the Safeguard Mechanism, but the world’s second-biggest floating LNG platform will still bump up the nation’s greenhouse gas emissions by nearly 3 MtCO2e annually.

The European Commission will not push to raise the EU’s 2030 emission reduction goal next month, German press agency DPA reported, dropping the drive amid reluctance from Germany and others.

Seventeen entities opened Compliance Instrument Tracking Service System (CITSS) accounts during the third quarter, bringing the total number to 673, according to Air Resources Board (ARB) data.

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California's Air Resources Board (ARB) approved changes on Friday to maintain higher fuel economy standards in the 2021-2026 period in response to the Trump administration’s recent proposal to keep the federal standard static at the 2020 level.

A US court ruled Thursday that New York’s zero emissions credit (ZEC) programme to subsidise nuclear energy does not impede on federal authority, marking the second time this month that a federal court has upheld the state-led initiatives.

The Virginia Air Pollution Control Board (APCB) postponed a decision until late October on proposed cap-and-trade regulations that would set a more stringent 2020 emissions limit, officials said Friday.

EU carbon prices gained for the second straight day on Friday, climbing above €21 after another strong auction helped recover more lost ground from big drops earlier in the week.

Germany should impose market mechanisms such as more stringent carbon pricing to drive its clean energy transition, instead of its current complex support mechanisms, the country's federal audit office said Friday.