Carbon Pulse

Italy’s oil major Eni fleshed out its voluntary climate goals on Friday, pledging an 80% cut in full-scope emissions by 2050 with a shift from oil to gas output and a ramping up of forestry offsetting with REDD.

EUAs extended their downward plunge early on Friday, but found support above €23 despite global equities facing their worst week since the 2008 financial crisis on the spread of the Covid-19 coronavirus. 

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

The oil and gas industry again pushed up greenhouse gas emissions from Australia’s biggest companies last year, as the ongoing export boom outpaced a modest decrease from electricity generation.

The carbon intensity of China’s economy fell 4.1% in 2019, the government said Friday, though a rise in fossil fuel consumption likely meant absolute emissions continued to rise.

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

California Carbon Allowance (CCA) prices rose after the Q1 WCI auction bucked previous trends to settle above the secondary market level, while RGGI allowances (RGAs) this week slid below next year’s supply-curbing Emissions Containment Reserve (ECR) trigger price.

UK utility Drax said on Thursday that it will cease coal-fired generation in March 2021, years in advance of the country's planned 2024 phaseout.

US biofuel credit (RIN) prices fell from new highs on Thursday after the EPA said it has not yet decided how it will address a court decision that questioned the agency’s issuance of compliance waivers under the Renewable Fuel Standard (RFS).

EU member states want Brussels to propose an EU carbon border adjustment tax earlier than 2021 to help safeguard the bloc's heavy industry, several national ministers said on Thursday.

The UK said it was open to considering a link between a future national ETS and the EU carbon market on Thursday, even as it pushes to reject applying EU rules in a post-Brexit trade pact.

EUAs dropped below €24 early on Thursday, with the energy complex continuing to come under pressure amid fears that the spreading Covid-19 coronavirus will disrupt the global economy.

A senior Philippines MP has introduced a bill that would establish a cap-and-trade programme for the biggest-emitting sectors in the South East Asian nation.

A dozen more facilities covered by Australia’s Safeguard Mechanism have switched to using multi-year targets, meaning they don’t have to worry about compliance for another three years.

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

Analysts have nudged down their EUA price forecasts for this year by 2.7% compared to projections from January, as the expected emergence of speculative investors has failed to materialise.

California regulator ARB granted 276,600 new offsets this week in the lowest issuance so far this year, while it cut the invalidation period on more than a million additional credits, according to data published Wednesday.

The first California-Quebec sale of 2020 settled above the secondary market for the first time in three years, as increased demand coupled with lower volume on offer buoyed prices, according to results released Wednesday afternoon.

US biofuel credit (RIN) prices surged on Wednesday to new year-highs after a report surfaced that the Trump administration will limit the number of Renewable Fuel Standard (RFS) compliance waivers granted in future years in response to a critical court ruling last month.

EU progress on green taxation and carbon pricing “remains modest” at member state level, according to a European Commission report on Wednesday that analyses each country's key economic challenges.