Carbon Pulse

Switzerland has announced the dates for its next two carbon allowance auctions in what could be among the market's final sales before it links with the EU ETS.

Europe’s highest court on Thursday rejected Poland’s lawsuit seeking to annul the EU’s decision to introduce the supply-curbing Market Stability Reserve (MSR) under the bloc’s carbon market.

Ontario has indicated that it will withdraw from Canada’s national climate change plan, Prime Minister Justin Trudeau said on Wednesday, meaning the province will likely forgo hundreds of millions in federal low-carbon funding.

Australia’s Carbon Market Institute has published a code of conduct for the nation’s carbon industry, which it hopes can help guarantee the quality of emission reductions projects and the accountability of market participants.

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

Prices for US biofuels credits under the Renewable Fuels Standard (RFS) rose on Wednesday afternoon after several outlets reported that the EPA may reallocate waived compliance obligations in the agency’s upcoming 2019 rulemaking package.

EU carbon prices jumped late on Wednesday to end up 1.8%, in a move likely related to today’s options expiries.

European power sector association Eurelectric is urging Brexit negotiators to retain the UK’s participation in the EU carbon market to help maintain electricity trade.

CO2 emissions attributable to the largest electricity producers in the US have continued to drop from heights in the mid-2000s as energy efficiency measures and coal displacement drives reductions, according to new analysis published on Wednesday.

A blockchain partnership has teamed up with a California municipal utility to introduce renewable energy tracking for electric vehicles (EVs) and create a digital record of Low Carbon Fuel Standard (LCFS) credits.

Analysts have cut their EU carbon price forecasts as the EU clinched agreements to raise its 2030 renewable energy and energy efficiency targets, warning that the impact of increased ambition won’t be fully absorbed by the market's supply-curbing MSR.

Australia’s former prime minister Tony Abbott on Wednesday threatened to vote against his own party’s proposed National Energy Guarantee (NEG) because it focuses too much on cutting carbon emissions.

Three South Korean firms have signed a preliminary agreement to invest in a cookstove PoA, as investors and participants in the country's emissions trading scheme dip their toes back into the CDM market after the government earlier this year made some UN-issued carbon credits eligible for compliance use.

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

Ontario carbon allowances held in Quebec and California will remain valid for compliance following Ontario’s departure from the WCI programme, though it remains unclear how the three jurisdictions will manage the fallout from Premier-designate Doug Ford’s decision to kill the province's carbon market.

EU lawmakers agreed on a 32.5% bloc-wide energy efficiency target late on Tuesday, which along with a scaled-up renewables goal would mean the bloc exceeding its 2030 emission goal and curbing demand in the EU ETS.

California regulator Air Resources Board (ARB) released a preliminary discussion draft on Tuesday that would give utilities more options for spending consigned allowance revenue in the state’s cap-and-trade programme, while also updating industry assistance factors and offset protocol procedures.

A sharp rise in EUA spot trading in early 2009 was initially thought to be more likely due to a natural maturing of the carbon market rather than tax fraud, according to a former trader at UK bank RBS on Tuesday during a trial over a £160 million ($212 mln) lawsuit.

European carbon prices fell to a new one-month low on Tuesday as late selling wiped out earlier gains prompted by the day’s bullish auction.

The Bulgarian unit of US-based power company ContourGlobal has inked a €78.6 mln deal to buy EU carbon allowances from Germany’s Statkraft Markets.