Carbon Pulse
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News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 2 hours 18 min ago
CP Daily: Thursday June 14, 2018
A daily summary of our news plus bite-sized updates from around the world.
Categories: Around The Web
NA Markets: California trade thins as RGGI auction results due
California carbon allowances (CCAs) began to recover this week after last week’s Progressive Conservative victory in Ontario sent prices downward, while on the east coast some atypical trading activity took place in the short interim between Wednesday’s RGGI auction and Friday’s result publication.
Categories: Around The Web
Quick Ontario exit from WCI could exacerbate future auctions, pressure sell-off
The prospect of a quick Ontario exit from the tripartite WCI cap-and-trade market could prove a headache for participants and stakeholders on both the primary and secondary markets, according to analysts speaking at a webinar on Thursday.
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Lawsuit over bank RBS’ role in €150m EU ETS tax fraud kicks off in London
A £150 million ($199 mln) lawsuit against UK bank RBS brought by creditors over its alleged 2009 role in EU carbon trading tax fraud opened in London on Thursday.
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EU Market: Late selling sends EUAs to first sub-€15 close in two weeks
Late selling on Thursday prompted European carbon prices to close below €15 for the first time in two weeks, despite a bullish auction result.
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EU lawmakers strike 2030 renewables deal, fail to agree on energy efficiency
EU lawmakers struck a provisional deal on a 2030 target of 32% renewables early Thursday but failed to reach agreement on an energy efficiency bill.
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CP Daily: Wednesday June 13, 2018
A daily summary of our news plus bite-sized updates from around the world.
Categories: Around The Web
California’s ARB awards nearly 790k offsets in latest issuance
California regulator ARB handed out just shy of 790,000 carbon offsets across three different project types this week, as compliance demand helps boost prices.
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Low abatement, high costs to characterise future of cap-and-trade in Ontario and Quebec, study warns
Achieving emissions reductions in line with Ontario and Quebec’s climate goals will not occur under forecast WCI carbon prices, though it will see billions of dollars sent to California or elsewhere by the two provinces, according to a study released Wednesday.
Categories: Around The Web
Global energy emissions hit record after three flat years, with Asia, Europe leading the way -BP
Global CO2 emissions from energy use climbed 1.6% in 2017 as output rose in both rich and emerging economies amid a pick-up in industrial activity, according to oil major BP.
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EU Market: EUAs climb further above €15 after bumper auction, as lawmakers close in on stronger energy targets
EU carbon prices inched higher on Wednesday after the market managed to absorb a large UK auction and as EU lawmakers were poised to set new clean energy goals.
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EU lawmakers likely to set clean energy goals above 30% -Arias Canete
EU lawmakers are on course to set 2030 renewables and energy efficiency goals of above 30% later today, Europe’s climate chief Miguel Arias Canete said Wednesday.
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British man disqualified for £7m carbon trading tax evasion
A British man has received a maximum 15-year disqualified order for his role in a £7 million tax fraud involving emissions allowances.
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China offers glimmer of hope for carbon offset developers
China climate officials are eager to include offsets in the national emissions trading scheme as a means to fund forestry and renewable energy projects, according to a senior official, offering a glimmer of hope for beleaguered developers.
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Intern, Capacity Building for the Establishment of Emissions Trading Systems in China, GIZ – Beijing
The project’s objective is to strengthen the capacity of and provide policy options to China’s key institutions and all involved stakeholders for preparing and establishing ETS on local and national levels. This includes methodological, technical, and policy advice on ETS design, infrastructure and operation, as well as capacity building. The project focuses on the exchange of experiences between Germany and China and strengthens the bilateral dialogue.
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CP Daily: Tuesday June 12, 2018
A daily summary of our news plus bite-sized updates from around the world.
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EU Market: EUAs drop below €15 as market struggles to absorb auction volume
EU carbon prices dropped below €15 for the first time in almost two weeks on Tuesday as a weak auction result suggested the market could struggle to absorb the wave of heightened volume ahead.
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Australia badly lagging on climate ambition -report
Australia’s Paris Agreement commitment is “grossly inadequate” and the target would have to be dramatically ramped up for the coal-reliant nation to do its fair share to keep climate change under control, a report found Tuesday.
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California stakeholders question LCFS crediting plans for ZEV infrastructure
A new provision from California regulator ARB to provide Low Carbon Fuel Standard (LCFS) credits for two types of fuelling infrastructure for zero-emissions vehicles (ZEVs) may raise concerns about the programme’s commitment to technology neutrality and environmental integrity, according to stakeholders at the agency’s public workshop on Monday.
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CP Daily: Monday June 11, 2018
A daily summary of our news plus bite-sized updates from around the world.
Categories: Around The Web