Carbon Pulse

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

Emission prices have since recovered but no one knows if this will last. With consultation underway on improving the New Zealand Emissions Trading Scheme (NZ ETS), the government should seriously consider a “price floor” to rebuild confidence in low-emission investment.

Additional past vintage carbon allowances arising from regulatory provisions will also be included in the upcoming Western Climate Initiative (WCI) auction, California officials told Carbon Pulse.

European carbon prices gave back most of Monday’s near-5% gains on Tuesday as a weak auction result weighed, but EUAs still managed to close above €20.

**THIS IS A FREE ARTICLE** – The world's biggest carbon offset market is set to sunset in 2020, with governments at odds over how the UN CDM’s thousands of projects and billions of carbon credits should be subsequently treated under Article 6 of the Paris Agreement.

Governments need to raise carbon prices much faster if they are to meet their commitments on cutting emissions and slowing the pace of climate change under the Paris Agreement, according to a report by the OECD on Tuesday.

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

EU carbon prices climbed almost 5% on Monday, rising by almost a euro following a strong auction in another choppy session in the wake of last week’s massive swing of almost €8.

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New Zealand carbon allowances made minor gains further above NZ$25 on Monday as supply has dried up amid expectations of further price hikes.

Australia’s new environment minister Melissa Price on Monday gave the nation’s offset market a boost by saying she was seeking to top up the budget of the Emissions Reduction Fund (ERF), the first government member to say so since the A$2.55 billion fund was established.

Four British men have been jailed for a combined 32.5 years after being found to have operated a £2.4 million fraud that involved mis-selling carbon credits to 130 victims.

Higher EU carbon prices will set Germany’s coal power phase-out in motion, but the country risks inducing power price spikes in determining an end-date for the fuel’s use, analysts said on Monday.

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

A California Superior Court on Friday afternoon is planning to end a merit hearing and issue a stay to green group plaintiffs who have opposed the County of San Diego in allowing for out-of-state and international offsets to compensate for new housing developments.

California and Quebec will auction off more than 88 million allowances at the Nov. 14 auction, including 78 mln current vintage allowances consisting of some unsold vintage 2017 allowances for the first time, the regulators said Friday.

The Ontario government argued Friday that the federal carbon pricing plan is out of the federal government’s authority and results in unconstitutional taxes.