Carbon Pulse

The vast majority of Australian businesses polled in a survey want access to international emissions markets, but worry about the risk of other nations slapping border carbon adjustments on Australian goods over the government’s lack of climate action.

California Carbon Allowance (CCA) prices rose slightly on the secondary market as participants looked to push positions further out on the curve, while RGGI Allowance (RGA) prices dipped following the release of the Q4 auction results.

The New Jersey legislature will discuss two proposals next week that would cement the state’s participation in the Northeast RGGI ETS, potentially putting safeguards in place if Republicans regain the governorship.

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

The Canadian federal government on Wednesday gave the green light for New Brunswick’s proposed carbon tax on fossil fuels beginning in April, a move that will allow the province to avoid coverage under Ottawa’s ‘backstop’ CO2 levy.

California regulator ARB granted nearly 2.4 million new California Carbon Offsets (CCOs) across two protocols this week, with the vast majority stemming from a large forestry project, according to data released Wednesday.

European carbon prices fell on Wednesday, as sellers aggressively sold the futures late in the day and ahead of today’s options expiry on ICE.

The nearly 200 parties to the Paris Agreement on Wednesday dove headfirst into forging an agreement on the market-based Article 6 of the Paris Agreement, while dozens of attendees from environmental and indigenous groups were kicked out by UN security for protesting the slow pace of the talks.

Indonesia has announced plans to launch a pilot carbon market next year, with a full-fledged emissions trading scheme to follow no later than 2024. A lot of specifics remain to be decided, but here are the details of the plans so far.

The European Commission unveiled its wide-ranging ‘European Green Deal’ on Wednesday, including a legislative proposal to enshrine a 2050 net zero emissions target into law by Mar. 2020 but snubbing lawmaker calls to immediately propose a deeper 2030 goal.

An ICAO technical advisory panel is slated to make recommendations in January over which of the initial 14 global offset programme applications should be eligible to supply the UN aviation body’s CORSIA market starting in 2021, with sources suggesting that any ultimate decisions by member states may not be clear cut.

South Korea’s monthly KAU auction cleared at a record-high 40,900 won ($34.24) on Wednesday with secondary market prices also hitting all-time highs as strong demand and limited supply continue to push up prices.

E3G is looking for an enthusiastic practitioner to lead E3G’s work on Europe-China climate diplomacy and cooperation, analyse and interpret Chinese climate related policy and activities, and facilitate engagement between E3G’s Chinese partners and European climate policy & actors. The role will be based in E3G’s London office.

The British Embassy in Ankara is part of a world-wide network representing British political, economic and consular interests overseas and is now looking to hire a Climate Change Policy Adviser to contribute to British Embassy work to combat Climate Change, including diplomatic action to support delivery of the 26th Conference of the Parties to the UN Framework Convention on Climate Change (COP26) in December 2020.

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

European carbon prices dipped back below €25, giving back all of yesterday’s gains in an otherwise uneventful day.

WCI carbon auction volume owned by California will dip nearly a quarter next year, while Quebec's free permit allocation to industrial entities will increase compared to 2019, according to Carbon Pulse analysis.

The World Bank’s Pilot Auction Facility (PAF) will hold its fourth auction on Mar. 3, 2020 to buy methane emission reduction credits from projects in the developing world, the bank announced Tuesday.

Several rich-nation governments have pledged a total of $100 million to extend through 2030 and revamp the World Bank-led PMR carbon pricing technical support facility for emerging economies.

Washington Governor Jay Inslee (D) intends to once again back a low-carbon fuel standard (LCFS) during the 2020 legislative session, but his administration will not endorse a state senator's WCI-modelled cap-and-trade bill, an advisor told Carbon Pulse on the sidelines of the UN climate summit Tuesday.