Carbon Pulse

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

The third quarterly WCI auction of 2018 cleared far above the floor price as buyers snapped up all current and future vintage units available, in line with trader and analyst predictions and quelling any lingering concerns that the linked market’s first sale this year without Ontario would hamper demand.

The US EPA released its proposed rulemaking to replace the Obama-era Clean Power Plan (CPP) on Tuesday, giving states more leeway on regulating coal-fired power plants but still considering whether trading would be an eligible compliance mechanism under the new programme.

New Zealand carbon allowances took another step towards the price ceiling in Tuesday trade, adding pressure on the government to act quickly to raise the fixed price option.

Australian Prime Minister Malcolm Turnbull on Tuesday narrowly survived a snap leadership challenge from climate sceptic Peter Dutton, but the latter is expected to try again and if he succeeds, climate change would likely slink even further down on the government’s agenda.

EU carbon prices extended their 10-year high for a second successive session on Tuesday, as more analysts revised their near-term forecasts upwards after underestimating the year’s stellar gains.

Whether cutting oil production or crediting corn ethanol under the LCFS would help achieve carbon cuts in the transport sector emerged as contentious issues as California regulator ARB on Monday sought advice on how to deal with rising emissions from the sector.

EU carbon prices could average €35-40 over 2019-2023, accelerating coal-to-gas power switching and potentially questioning the rationale for keeping old coal and lignite power plants running beyond 2021, analysts said on Tuesday.

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

European carbon prices advanced nearly 2% on Monday to extend further their 10-year high above €18.50 as observers continued to predict additional rises.

The Trump administration is expected to unveil its replacement draft for the US EPA’s Clean Power Plan (CPP) on Tuesday, a proposal that would reportedly result in far fewer GHG reductions than the previous Obama-era iteration and limit the scope of eligible emissions reduction activities.

EU carbon allowances are expected to continue to climb for the rest of the year as speculators keep buying in anticipation of further increases and utilities lend support, analysts said, following several weeks of strong price gains that have already pushed prices to their highest for a decade.

The Senior Consultant / Consultant will be leading the delivery of a key component of the flagship DFID Building Resilience and Adapting to Climate Extremes and Disasters (BRACED) programme within the Climate Change portfolio, as well as joining a busy team to help to maintain the high quality of existing contracts and support the team in seizing new opportunities for growth.

The Midwest Climate & Energy Policy Advisor promotes highly networked efforts within The Nature Conservancy’s Midwest Division (Wisconsin, Illinois, Indiana, Michigan and Ohio) to broaden political support in the region for energy and climate policies that lead to reductions in greenhouse gas emissions.

EDF’s Global Climate team seeks a Senior Analyst to provide critical research and analysis in support of our U.S. focused efforts to advance market-based policy solutions to address climate change.

Climate change is an urgent threat to humanity that demands swift, decisive action. We seek a Global Director to lead WRI’s Global Climate Program and drive positive action toward achieving a zero-carbon future at the national and international level. 

Australia’s decision Monday to drop the emissions target in the National Energy Guarantee (NEG) has left the energy sector concerned that investment certainty might be further away than ever, and that the nation could put itself on track to face international repercussions for missing its Paris obligations.

Calls are emerging for the New Zealand government to raise the price ceiling for NZUs immediately to avoid emitters paying the NZ$25 fixed price for 2018 compliance instead of surrendering permits.

Australian Prime Minister Malcolm Turnbull on Monday said his government would not try to legislate an emissions target for the electricity sector under the National Energy Guarantee (NEG) as opposition from a handful of MPs from his own party meant the policy would likely not make it through parliament.

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