Carbon Pulse

Closing prices, ranges and volumes for China's regional pilot carbon markets this week.

China could cut a cumulative 1.5-3 billion tonnes of CO2e by 2030 at low cost by introducing easily available policies, including bringing some of those gases into its planned emissions trading scheme, according to research.

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An upcoming court decision on Washington state’s blocked Clean Air Rule could spark further debate on progressing a WCI-modelled cap-and-trade bill in the legislature next year, stakeholders said.

California’s Independent Emissions Market Advisory Committee (IEMAC) will request feedback from regulator ARB before endorsing a possible metric for tracking the amount of surplus allowances in the state’s WCI-linked ETS, members said Thursday.

RGGI allowances (RGAs) rose by double digits this week ahead of the September auction results, as California Carbon Allowance (CCA) prices dipped on the secondary market amid increased spread trading.

Transportation and Climate Initiative (TCI) jurisdictions could release a carbon market draft design framework this month, but that document could lack substantive details, such as price levels or potential annual caps, a regulatory source told Carbon Pulse.

The crowded 2020 Democratic presidential field outlined their ideas for decarbonising the US economy on Wednesday night, with the candidates’ presentations revealing a split on carbon pricing and on when the country should hit net-zero emissions.

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Carbon emissions from two of Europe’s biggest low-cost airlines rose slightly in August, keeping both on track to record higher CO2 output and face costlier EU ETS bills this year.

European carbon prices firmed on Thursday on the back of a second consecutive auction-free day and optimism surrounding Brexit, while bearish economic data and energy and supply pressures weighed.

China’s greenhouse gas emissions from fossil fuel use and cement production rose by 4% in the first six months of 2019, despite carbon output from power production standing still, analysis showed Thursday.

After issuing an unusually high amount of carbon credits last week, Australia’s Clean Energy Regulator this week distributed offsets to only one market participant as many project owners are holding their applications after receiving credits during the end-of-year rush in June.

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California Low Carbon Fuel Standard (LCFS) credits set a new all-time record on Tuesday as prices smashed through the $200 mark that has served as a psychological barrier over the past year.

The threat of a ‘no-deal’ Brexit may be dissipating amid cross-party efforts by UK lawmakers, but analysts say there remains much uncertainty for UK emitters and allowance prices in the EU ETS.

EUAs jumped to near €26 early on Wednesday as the risk of a no-deal Brexit lowered substantially overnight amid a cross-party effort by UK lawmakers to avert such an outcome.

The Western Australian government on Wednesday launched a public consultation on landholder consent for regeneration projects, a process that’s expected to unblock around 40 projects with some A$65 million ($44 mln) in government offset contracts and pave the way for new development.

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