Carbon Pulse

Governments are planning to agree only core elements of global guidance for international emissions trade this year, stripping down Article 6 text to the bare essentials as work mounts up on the wider Paris Agreement rulebook.

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

EU carbon allowances are surging to new 10-year highs almost daily, lifting power and gas prices across Europe to dizzying heights in the process, but experts say lawmakers are unlikely to intervene anytime soon by triggering a little-known emergency mechanism.

France and Germany will develop carbon pricing policies for all sectors over the next six months, their respective environment ministries agreed this week, extending the already extensive coverage to more areas of their respective economies.

This week's Q3 RGGI auction cleared at $4.50/short ton - a 7-cent premium to the secondary market - as compliance entities upped their buying following the previous speculator-driven sale.

EU carbon prices raced to a new 10-year high above €23 on Friday, surging by almost €2 to extend the previous day's large gains and continue this year’s massive bull run.

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

Australia’s Clean Energy Regulator (CER) on Friday said it would strengthen checks of offset applications, especially for forest regeneration projects, from which the government has bought around 90 million carbon credits.

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

California Carbon Allowance (CCA) prices rose this week as entities took more outright positions and bullish expectations about future inflation rates altered the back end of the curve, while RGGI prices inched up slightly ahead of this week's auction result.

EU carbon prices jumped back above €21 on Thursday, climbing by more than a euro as power prices continued to soar and new allowance supply was constrained in a rare auction-free session.

New Jersey and Virginia have nearly finished establishing their respective carbon trading regulations, but those rules remain contingent on final negotiations with RGGI over the two states' emissions cap levels, officials said Thursday.

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California will hold a public meeting on Nov. 15 to consider whether regulators should endorse a tropical forest standard, in a move that would pave the way for the state's cap-and-trade programme to become the world's first compliance carbon market to allow REDD credits.

While Australia is coming to terms with yet another new prime minister, one thing that hasn’t changed is the emissions data: Australia’s greenhouse gas emissions are not projected to fall any further without new policies, writes Anna Skarbek of ClimateWorks Australia.

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

RGGI officials are pushing their New Jersey counterparts to consider a lower emissions cap in order to strengthen the regional carbon scheme upon rejoining, sources have told Carbon Pulse.

The CDM’s Executive Board held its 100th meeting last week in Bangkok, ahead of intersessional UN climate talks this week in the Thai capital, agreeing a handful of scheme modifications in advance of this year's crucial COP24 summit.

EU carbon prices were back on a positive path on Wednesday, continuing to track gains in key energy contracts, which hit fresh multi-year highs.

Strong climate action including robust carbon pricing could add at least $26 trillion to the world economy by 2030, accumulating 65 million jobs and avoiding 700,000 premature deaths from air pollution in the process, according to a wide-ranging study released on Wednesday.