Carbon Pulse

European carbon prices are poised to tumble below €23 to their lowest in at least six months on Monday, traders said, as crude oil crashed and wider financial markets plummeted Sunday night.

Expanded carbon pricing could ensure the UK meets its net zero 2050 emission target while leaving poorer households better off, according to two linked reports published Monday.

Global power sector emissions and coal-fired power generation saw the biggest falls in 2019 since 1990, though maintaining such a trend to limit global warming to 1.5C will be "extremely difficult, a report found on Monday.

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

EU member states and the UK have distributed more than 70% of the allowances earmarked for free allocation to industrial emitters this year, according to data released late Friday by the European Commission, with three governments having not yet started the annual process.

The Alberta United Conservative Party (UCP) government will increase the carbon charge under the Technology Innovation and Emission Reduction (TIER) regime to C$50/tonne by 2022 in line with Ottawa’s backstop CO2 pricing requirement, a shift from the Canadian province’s previous approach.

Demand from emitters in Germany’s weekly auctions dropped to a 10-month low in January, a government report shows.

A summary of legislative and regulatory action on carbon pricing and clean energy at the US subnational and federal level this week, including developments in Washington, New York, and Hawaii.

A ruling in favour of the Trump administration’s challenge of the California-Quebec ETS linkage could endanger the status of countless US state compacts, including the RGGI power sector carbon market, if the case arrives at the Supreme Court, legal experts said.

Virginia Democrats agreed final revisions to legislation to allow the state to implement its RGGI-modelled carbon market regulation with state-run allowance auctions, putting it on the path to final approval.

EUAs slipped further below €24 early on Friday but were poised to stay relatively flat this week, even as the spreading COVID-19 coronavirus roils wider markets amid fears it could cause a lengthy economic slowdown.

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

NZUs closed at NZ$26 for the third straight day on Friday, but with a NZ$25 floor price still in play and the economy braced for coronavirus impact, market participants see potential downside ahead.

Carbon credit deliveries to the Australian government’s Emissions Reduction Fund (ERF) ballooned to more than 1.35 million over the past fortnight as developers Terra Carbon and LMS Energy made major deliveries, while the Clean Energy Regulator this week issued over 430,000 new offsets.

The Senior Manager will play a lead role on a growing team, helping to shape EDF’s vision for federal climate policy to advocate and build support for in the lead-up to a new Administration and Congress in 2021.

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

Oregon’s Democrat leaders closed the legislative term on Thursday after the Republican minority fled the capitol to protest a WCI-modelled cap-and-trade bill, but Governor Kate Brown (D) is now finalising executive action to enact climate policy.

California Carbon Allowance (CCA) prices regressed this week after the Q1 WCI auction bucked previous trends to settle above the secondary market level, while RGGI Allowances (RGAs) dropped ahead of the Northeast US carbon market's first sale of 2020.

EU nations unanimously adopted the bloc’s long-term strategy on Thursday, with even often-reluctant Poland on board with the pathway for an EU-wide 2050 climate neutrality goal.

Manitoba will impose a fixed-price CO2 levy and output-based pricing system (OBPS) for large stationary sources starting on July 1, changing direction after the Canadian province previously ditched that plan and in turn rejecting the federal government’s rising carbon price mandate.