Carbon Pulse

Higher EU carbon prices will set Germany’s coal power phase-out in motion, but the country risks inducing power price spikes in determining an end-date for the fuel’s use, analysts said on Monday.

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A California Superior Court on Friday afternoon is planning to end a merit hearing and issue a stay to green group plaintiffs who have opposed the County of San Diego in allowing for out-of-state and international offsets to compensate for new housing developments.

California and Quebec will auction off more than 88 million allowances at the Nov. 14 auction, including 78 mln current vintage allowances consisting of some unsold vintage 2017 allowances for the first time, the regulators said Friday.

The Ontario government argued Friday that the federal carbon pricing plan is out of the federal government’s authority and results in unconstitutional taxes.

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

A federal US court threw out a lawsuit against Illinois’ zero emissions credit (ZEC) regulation to subsidise nuclear energy, arguing that the midwestern state’s programme does not run up against federal authority nor discriminates against out-of-state competition.

EUAs surged back to €20 on Friday, bouncing off technical support levels after early losses had initially extended Thursday’s 18% rout to dip below €18 as energy markets remained highly volatile after the impact of a power market trader's massive losses and default earlier in the week.

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Offset advocates are working to create pilot cases for wetland and grassland conservation offset protocols that could show California's Air Resources Board their potential in the state's cap-and-trade market.

RGGI carbon prices continued to increase after last week’s auction cleared above market participants’ expectations, while a months-long bull run in the WCI market appeared to peter out.

The recent spike in EU carbon prices has been tied to a massive loss booked by a major Nordic power market trader that has likely bankrupted him and cost energy exchange Nasdaq over €100 million.

California and EU officials will increase collaboration to improve their existing carbon markets, while also examining potential avenues for aligning policies between the programmes, the parties announced at the Global Climate Action Summit (GCAS) in San Francisco on Thursday.

With Ottawa’s deadline for Canada’s provinces and territories to submit their carbon pricing plans having now passed, the federal government has a tough task ahead in reviewing and coordinating the programmes and addressing the obstinate gaps in what has emerged as a national patchwork of schemes.

California should examine ways to streamline its own suite of climate policies while taking on more ambitious emission reductions programmes, legislative and industry officials said Wednesday.

Poland's energy minister on Thursday urged Brussels to step in to cool EU ETS prices, which this week spiked to a 10-year high near €26, Polish newswire PAP reported.

EU carbon prices continued to plummet on Thursday, falling further from this week’s 10-year high of €25.79 to fall below €21 after a weak auction.

China this week finalised the structure of its new super ministry for the environment without a mention of the national emissions trading scheme and with the climate change division stripped of some of its responsibilities.

South Korean CO2 prices are likely to be volatile over the next three years as an early large permit surplus is replaced by shortages later in the trading phase, analysts at trading firm Ecoeye said Thursday.

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