Carbon Pulse

EUA prices sank early on Wednesday as global markets eased following an overnight oil price spike fuelled by Iran's missile attack on US bases in Iraq.

Two of Europe’s biggest low-cost airlines increased their emissions in December compared to the previous month, as air travel picked up during the year-end holiday period.

China’s environment ministry has ordered power plants set to be included in the national emissions trading scheme to provide 2019 data that will be used as basis for the allocation of CO2 allowances, signalling that those that miss the May 31 deadline will receive fewer permits.

South Korea’s first monthly CO2 permit auction of the year sold out above secondary market prices, but it cleared well below last month’s record high.

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

Surplus compliance instruments in the WCI cap-and-trade programme inched above the 275-million mark after accounting for California and Quebec emissions in 2018, according to the carbon market’s Q4 Compliance Instrument Tracking System Service (CITSS) report published Tuesday.

The Midwest should aim for harmonisation in the design of low-carbon fuel standards (LCFS) and potential credit fungibility across state lines, as well as incorporate a variety of regional factors to benefit agricultural communities in America’s heartland, according to a white paper released Tuesday.

Speculators' carbon allowance holdings in the WCI-linked ETS dipped to a three-month low at the end of the year, but the group still holds significant length in the California-Quebec cap-and-trade market, according to US Commodity Futures Trading Commission (CFTC) data.

German power sector emissions fell 18.1% in 2019 as higher EU carbon prices helped make hard coal- and lignite-based generation unprofitable, though slowing renewables investment risks slowing the pace of decarbonisation, according to a report released Tuesday.

US emissions reversed course in 2019 on a record plunge in coal-fired generation, but flat or rising discharges from other sources leave the country far off track from meeting its UN Paris Agreement goals, according to preliminary estimates published Tuesday.

European carbon prices were steady by midday Tuesday, after sliding to a three-week low early in the session amid the resumption of EUA auctions.

China’s Guangdong province will auction off 400,000 carbon allowances under its emissions trading scheme on Feb. 12, the China Carbon Exchange in Guangzhou said Tuesday.

Australia’s catastrophic bushfires have burned over 8 million hectares of land but so far have not had a major impact on the nation’s mostly land-based carbon offset industry, according to market participants.

Australian firm RegenCo is lobbying the environment ministry to issue carbon credits for culling feral camels as part of a strategy to manage the country’s large population, which experts say is responsible for significant greenhouse gas emissions.

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

California’s on-road diesel and gasoline consumption through Sep. 2019 held only slightly above levels from the previous year, likely resulting in stagnant ETS-covered annual emissions, state data suggested.

EU carbon slipped back towards €24 on Monday as observers played down the prospects of a war in the Middle East, while analysts expected this week’s resumption of EUA auctions to weigh on prices.

Emissions from Spain’s power sector tumbled by a third last year, as higher carbon prices and cheaper gas contributed to significantly cut coal’s share of the national energy mix.

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