Carbon Pulse

EUAs fell towards €22 early on Wednesday to further extend their six-month low, but recovered after a strong auction and signs that a Brexit deal may still be in the works.

Indonesia has established a new agency to channel funding for a ramp up on climate action, including any trading of carbon credits with developed nations or potential domestic emissions trading programmes.

This position provides leadership, support, and coordination to Prince Edward Island’s climate change adaptation efforts.

Failure to agree on rules for Article 6 at this year’s UN climate talks in Chile could see countries like Australia and New Zealand forging their own bilateral links to get access to the international credits they need to fulfil their Paris Agreement pledges, market experts warned Wednesday.

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

Ireland’s centre-right government on Tuesday released its 2020 budget, which includes an annual increase in the country’s carbon tax to help fund decarbonisation efforts.

Oregon green groups launched a new initiative on Tuesday that may give voters the chance to endorse deep decarbonisation and clean energy goals next November if state lawmakers cannot salvage WCI-modelled cap-and-trade legislation in the upcoming legislative term.

Brussels' incoming climate boss said he would be “extremely surprised” if the EU doesn’t move towards raising its 2030 emissions reduction target to at least 55% below 1990 levels, though such a proposal will not come within the new Commission's first 100 days in office.

California Low Carbon Fuel Standard (LCFS) credits have remained near historic highs above $200 over the past month despite state regulator ARB announcing it would seek to finalise a “firm maximum” price in the programme.

Members of California’s Compliance Offset Protocol Task Force (OPTF) will be announced later this month ahead of the committee’s first meeting in November, regulatory sources told Carbon Pulse.

The Northeast US RGGI carbon market will offer over 13.1 million allowances at its final quarterly sale on Dec. 4, the programme announced Tuesday.

A London-based investment management firm has appointed a cast of carbon trading industry veterans as staff and advisors as it prepares to launch a global environmental markets fund.

EUAs sank back to €23 early on Tuesday, heading back towards the previous session’s six-month low amid pessimism over Brexit and US-China trade talks.

South Korea sold all 550,000 KAU19s on offer at Tuesday’s monthly auction, which settled a touch below the secondary market but at the highest level yet since the government sales began in January.

New Zealand climate change minister James Shaw announced the chairperson of the country’s future independent Climate Change Commission on Tuesday.

New Zealand’s opposition National party is threatening to not support the coalition government’s Zero Carbon Act, as disagreement over how to handle the country’s agriculture emissions heats up.

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

Quebec's regulated entities largely channelled their final 2018 allocations for WCI cap-and-trade obligations into compliance accounts during the third quarter, as more than 4 million V18 allowances left jurisdictional accounts, data shows.

California fuel consumption edged lower for the fifth consecutive month in June, but state data revealed the trend is easing as lower retail gasoline and diesel prices may be incentivising additional consumer demand.

Two of Europe’s biggest low-cost airlines posted a month-on-month decline in their carbon emissions in September.