Carbon Pulse

US oil major ExxonMobil continued its brisk pace of Colombian CER cancellations this week, annulling another huge batch against the country’s carbon tax.

Manitoba’s NDP party has threatened to delay legislation to enact the province’s proposed carbon tax as it seeks to force the ruling conservatives to include measures to support low-carbon investment, the leader of the official opposition said Thursday.

Recently-agreed EU ETS reforms will greatly reduce the carbon price-damping impact of overlapping policies until the mid-2020s, but will require further tweaking after that, according to new research.

Australia’s proposed National Energy Guarantee (NEG) faces its first major test later this month when it will be put to state energy ministers, but expectations are growing that the policy will survive the meeting despite lingering concerns over what it is likely to achieve.

EU carbon prices fell below €13 on Thursday as another lacklustre auction failed to tempt traders into betting on a quick rebound.

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

The supply of California Carbon Offsets (CCOs) is forecast to balloon over the next few years regardless of looming post-2020 limitations on their use, according to analysts.