Carbon Pulse

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

New Jersey should adopt a 2020 RGGI cap of 12-13 million short tons in order for the state to achieve its climate goals, several environmental groups wrote in a letter published Tuesday.

Prices for Renewable Identification Numbers (RINs) sunk to levels not seen since 2013 on Monday, as the Trump administration was reportedly set to unveil sweeping programme changes to the US biofuels policy discussed last month.

The UK’s financial regulator has issued a warning about fraudsters using the details of a regulated London-based carbon trading firm to try to dupe investors.

EU carbon prices slid back below €16 on Tuesday amid falling energy prices after EUAs stormed to a fresh seven-year peak earlier in the day.

Washington DC lawmakers and an environmental coalition have delayed their plans to introduce a carbon fee bill, with price level and sectoral coverage cited as two key areas of dispute.

The World Bank will host at least one more reverse auction to buy €20 million in carbon credits from N2O abatement projects as part of a programme to encourage host developing countries to eventually regulate those emissions.

The Tokyo metropolitan government has begun discussions with experts on potential post-2020 reforms to its emissions trading scheme and will launch a public consultation process before making final decisions, an official said Tuesday.

CPI is looking for a talented, highly skilled and motivated Consultant to join its Energy Finance programme, which focuses on the potential for financial and policy innovations to drive a transition to low carbon energy. The successful applicant will lead and undertake robust analysis that draws on methodologies from a range of disciplines including public policy, finance, and economics.

NewClimate Institute seeks a junior Climate Policy Analyst in Cologne, to strengthen the team primarily in the area of Climate and Development. Your work would focus on policy analysis and scenarios, with a focus on the energy sector. Possible project areas may include working together with partners in developing countries on the energy transition, and the further development of methods to quantify climate mitigation co-benefits.

California Governor Jerry Brown on Monday appointed three experts to sit on the Independent Emissions Market Advisory Committee (IEMAC) - a five-member panel created under AB-398 to monitor the environmental and economic performance of the state’s carbon market.

The Shanghai municipal government has set an absolute limit on CO2 emission growth for 2018 and reduced its annual coal consumption cap, while vowing to get local industry ready for the national emissions trading scheme.

South Korean carbon allowances drifted further on Tuesday as emitters picked up nearly a million KAUs coming to market ahead of a deadline for banking units.

NZUs recorded their lowest levels of 2018 on Tuesday as demand remained muted, while government data showed over 3 million permits have been issued to forest-owners over the past two weeks.

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

A pair of New York power plants failed to surrender enough allowances to cover their emissions during RGGI’s 2015-17 compliance period, the market's administrator said on Monday, confirming compliance data released earlier this year.

EU carbon prices jumped back above €16 on Monday as soaring energy prices and a stronger auction lent bullish support in defiance of warnings from observers about a pull-back in EUAs.

The Office of the Co-ordinator of OSCE Economic and Environmental Activities (OCEEA) deals with economic and environmental issues, operating under the premise that promoting economic prosperity and co-operation on environmental problems can contribute to international security and stability.

An absence of US federal climate action under President Trump has prompted some states to take matters into their own hands, but after almost a dozen failed attempts so far this year, retrospective lawmakers are regrouping and considering more pragmatic approaches to get their carbon pricing bills over the finish line.

**This article is available to non-subscribers** - The future of Ontario’s carbon market has effectively become a two-horse race after the leader of the ruling Liberal party conceded defeat over the weekend.