Carbon Pulse

California Low Carbon Fuel Standard (LCFS) prices flirted with all-time highs this week, while data showed British Columbia’s credit deficit for its own clean fuels programme rose in 2018.

California Carbon Allowance (CCA) prices dropped on the secondary market after rising toward programme highs to start 2020, while RGGI Allowance (RGA) prices rose double-digits amid increased buying.

The Washington Department of Ecology (ECY) can enforce its market-based carbon rule on stationary emitters after the state Supreme Court partially overturned a lower court's decision on Thursday, but the ruling still bars the agency from implementing GHG limits on fuel suppliers and natural gas distributors.

The German government has mapped out a tentative plan to phase out the country’s lignite plants, also agreeing a strategy to cancel freed up EU carbon allowances and compensate affected companies, regions, and workers.

EUAs climbed above €25 for the first time this week early on Thursday as auction demand continued to be strong while Germany confirmed its emission-busting coal phaseout and EUA cancellation plans.

California’s current suite of climate policies may not reduce emissions in line with the state’s 2030 goal, but the adoption of six new or enhanced mechanisms could ensure it hits that mark, according to a report released Thursday.

Major South Korean carbon project developers are dubious to opportunities in China, amid efforts to drum up Korean interest in earning carbon credits from China-based N2O projects.

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

A US offset registry and agricultural technology company began the process of developing a soil carbon methodology for the voluntary offset market on Wednesday, with a focus on streamlining the process of proving additionality.

California regulator ARB divvied out nearly 1.3 million new California Carbon Offsets (CCOs) in its first issuance of 2020 as the all-time supply rose to nearly 170 mln, according to data published Wednesday.

Oregon Republicans are open to walking out on the upcoming legislative session for a second straight year to protest a revised WCI-modelled ETS bill released this week, arguing the proposal should instead be decided by a ballot initiative.

Allocations of free carbon allowances to new and expanding companies in the EU ETS ground to a crawl in the second half of 2019, with nearly two thirds of the over 310 million units assigned to the bloc’s New Entrants’ Reserve (NER) remaining unclaimed with a year left in the phase.

California regulator ARB should consider an automatic supply-cutting mechanism in the WCI-linked carbon market, and subsequently should adjust the compliance value of banked permits, according to a watchdog report released Wednesday.

The EU's Parliament gave its firm backing to the European Green Deal on Wednesday, while stressing that the bloc needs interim targets towards its 2050 net zero emission goal.

EUAs soared back above €24 early on Wednesday, unwinding the previous session's losses as Poland's large auction attracted the strongest demand seen so far this year.

China’s decision to make its ETS intensity-based rather than having an absolute CO2 cap will make emission cuts more expensive, according to researchers, who say the system can still achieve significant reductions.

NZUs rose further in Wednesday trade to extend this week's record high, but with secondary market prices now 16% above the 2019 Fixed Price Option level some market participants expect increased volatility in the next few months.

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

US Congressional lawmakers have introduced a bipartisan act for a phase-down of highly potent HFC refrigerant gases, aiming to sidestep President Donald Trump's refusal to ratify a UN pact amendment that would accomplish those goals.

Quebec’s initial free allocation for 2020 remained stagnant year-on-year as regulated parties received their allowances, according to data published by the environmental ministry.