Carbon Pulse

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

Poland has proposed eliminating free carbon allowance allocations for aircraft operators covered by the EU ETS and wants to implement full auctioning for the sector, according to a document seen by Carbon Pulse.

Large stationary emitters regulated under Alberta’s outgoing Carbon Competitiveness Incentive Regulation (CCIR) are expected to surrender a similar number of offsets as the prior year at the upcoming March compliance deadline, government officials said Wednesday.

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More modest GHG reductions expected in California’s transportation sector and utility Pacific Gas & Electric’s (PG&E) anticipated involvement in 2020 auctions will lead WCI carbon prices higher than previously estimated this year, analysts said Wednesday.

The process to restart the UK’s EU carbon allowance auctions has not yet been completed, the British government announced late Wednesday, adding that it still intends to resume sales on Mar. 4.

California regulator ARB should address the growing oversupply of compliance instruments in the state’s cap-and-trade programme to ensure it remains on course to hit its long-term climate goal, a prominent state senator said Tuesday.

EUAs extended their four-week high above €25 early on Wednesday, though prices receded as traders await news of the UK's resumed auction schedule.

Economic disruptions in the wake of the coronavirus outbreak in China has reduced the country’s CO2 emissions by about quarter in the short term, an analyst said Wednesday, though that cut could be more than offset by the way the economy bounces back.

A ‘just transition’ away from coal is possible by 2030 in three of the European regions most reliant on the fossil fuel, a new analysis has found.

Low-cost airline EasyJet, luxury department store Harrods, and a renowned British architect were among those to be penalised this month for violating the rules of the EU ETS, as the UK government issued its largest batch of non-compliance fines to date.

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

WCI traders expect the first quarterly sale of the year to settle close to the secondary market level due to its smaller size, the volume of auction indexed futures contracts purchased to date, and greater overall demand.

Oregon Democrat leaders are delaying the state’s cap-and-trade bill timeline to allow for greater discussion in the House and incorporate several amendments to the Senate version, though ETS proponents still expect the precursor to a floor vote to take place at the end of this week.

EUAs dipped back below €25 early on Tuesday as fears about the impact of the coronavirus continued to weigh on global markets. 

The Beijing municipal government on Tuesday ordered emitters set to be included in the national carbon market to stick to a scheduled deadline for submitting 2019 emission data despite the major disruptions caused by the coronavirus, a move seen as China attempting to proceed as planned with the ETS.

South Korean facilities hosting carbon offset projects under the UN’s Clean Development Mechanism will be brought into the domestic emissions trading scheme from next year, the government has announced.

The project will support the implementation of the 2015 Paris Agreement on Climate Change in the Western Balkans and Turkey and help their transition towards the low emissions and climate-resilient economy.

Governments representing 49% of the global economy have or are in the process of putting in place targets to reach net zero greenhouse gas emissions, a report showed.

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