Carbon Pulse

EUA prices dipped early on Friday towards their recent two-month low as Britain readied to leave the EU with no indication yet as how the country will distribute its 2019 allowances.

Australian Prime Minister Scott Morrison and New South Wales state Premier Gladys Berejiklian on Friday unveiled a A$2 billion ($1.34 bln) bilateral agreement on climate and energy, centred around efforts to produce more natural gas for domestic consumption.

New Zealand carbon allowances took another beating in Friday trade, shedding 2.7% as some emitters sold off allowances with a view to lock in profits by paying the NZ$25 fixed price option in May.

The position will oversee feasibility assessments covering project activities in two WCS landscapes in East Africa. The objective of the feasibility work is to create a fact base that will facilitate an investor decision on the potential for cost effective credit generation over the long term

California regulator ARB invalidated nearly 19,000 offsets issued for use in the state’s ETS on Thursday after determining a Michigan-based project was not in regulatory compliance during one of the two reporting periods under review.

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

Pennsylvania’s Department of Environmental Protection (DEP) published draft power sector cap-and-trade regulations on Thursday that mirror the post-2020 RGGI Model rule, but the proposal includes language to implement a bank adjustment after every compliance period.

California Carbon Allowance (CCA) prices rose this week as greater demand for permits countered recent losses, while RGGI Allowances (RGAs) dropped amid a second consecutive week of lacklustre activity.

California Low Carbon Fuel Standard (LCFS) credit values neared the programme’s pending ceiling price on Wednesday, while Washington state representatives approved their own clean fuel standard proposal for the second consecutive year.

German utility Uniper will “lead by example” and voluntarily shut down a total 2.9 GW in hard coal-fired power generation capacity by 2025, it announced on Thursday, with the company forgoing any compensation as it presses ahead with opening a major new 1.1GW plant.

EUAs fell to a two-month low below €24 early on Thursday despite an improved auction performance, as markets continued to be weighed down by fears about the impacts of the spreading coronavirus.

NZUs on Thursday fell to their lowest level since the government’s pre-Christmas announcement that the market's de-facto price ceiling would be increased to NZ$35 from the 2020 compliance year.

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

California regulator ARB issued nearly 589,000 new California Carbon Offsets (CCOs) over the past two weeks across three WCI protocols, according to data published Wednesday.

The US Department of Justice (DOJ) urged a federal court to keep WCI board members in a lawsuit challenging the California-Quebec ETS linkage, claiming those defendants were acting as representatives for the jurisdictions.

EUAs tumbled 2% to a two-week low early on Wednesday as the market struggled to absorb a bumper Polish auction while digesting confirmation of Germany's drawn-out exit from coal-fired power.

The German government on Wednesday released a final version of its long-awaited coal phaseout bill, providing no new details surrounding how many carbon allowances will be cancelled to offset the impact of the programme on the EU ETS.

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

The 2020 COP26 UN climate summit in Glasgow will be the final opportunity for countries to agree to the rulebook for the Paris Agreement’s market-based Article 6, but countries will still press on with carbon market deals over the next decade if negotiations come up short for a third straight year, experts said Tuesday.

The EU is increasingly importing cheap coal-fired power and encouraging the build-out of new carbon emitting facilities that undermine its GHG reduction goals, as the current soft approach of promoting climate policies in neighbouring countries has little effect, according to a new report.