Carbon Pulse

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

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

The World Bank’s Nitric Acid Climate Auction Program (NACAP) has extended the emission reduction generation period that eligible CER and VER carbon credits can be delivered into the programme.

California Carbon Allowance (CCA) prices dropped on the secondary market this week ahead of the quarterly WCI auction, while RGGI allowances (RGAs) plumbed a five-month low as compliance entities took advantage of the price drop.

The Transportation and Climate Initiative (TCI) jurisdictions in the northeast US and Mid-Atlantic are likely to see tranpsort sector emissions decline from more stringent federal fuel economy standards and greater deployment of electric vehicles, according to initial reference case results.

Paying landowners to protect their land could play a vital role in tackling climate change, though large-scale bioenergy use and storage could worsen the effects without careful management, according to UN-backed scientific panel IPCC in a landmark report.

European carbon continued to show little direction on Thursday, with traders holding prices between €28 and €29.

The British Columbia Assembly should review its C$40 carbon price as part of a comprehensive evaluation of the Canadian province’s taxation system, a legislative committee said on Wednesday.

Germany-based utility Uniper saw its earnings almost halve over H1 as higher CO2 prices increased hedging costs and reduced the operating hours of its big-emitting coal generators.

South Korean CO2 allowances rose to all-time highs in Thursday trade as demand continued to outweigh the slow trickle of supply in a market deemed short overall, forcing emitters to consider borrowing from future allocation.

Energy major Chevron on Thursday announced it has started injecting CO2 underground from its Gorgon LNG plant in Western Australia, nearly three years after the project was meant to commence, likely limiting its demand for carbon credits to offset emissions.

Hainan province in southern China is working with state-owned power companies and others to establish itself as a carbon trading hub, pulling together domestic as well as international carbon traders.

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

Alberta’s lawsuit against the federal ‘backstop’ CO2 tax will focus more closely on the national concern branch of the Canadian constitution than previous Conservative-led legal challenges, while also arguing that strategies other than a minimum carbon pricing standard can drive GHG reductions.

A former London-based Deutsche Bank carbon trader has been charged by German authorities for his suspected role in using the EU ETS to commit tax fraud.

Seller’s kept EU carbon prices near their recent lows on light volumes Wednesday, despite the supply dearth created by a one-day auction pause amid a month of halved sale quantities.

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

UN aviation body ICAO's expert panel will consider 14 emissions unit programme applications for the global offsetting mechanism CORSIA, with the submissions ranging from Kyoto era offset programmes and REDD initiatives to jurisdictional schemes in China, the Middle East, and Poland.

Failed efforts to impose a carbon tax in Washington state would have likely exerted significant financial pressure on downstream firms in the Pacific Northwest state by creating a stranded asset risk, according to new research.

California regulator ARB is likely to begin revamping various parts of its WCI-linked ETS in 2020, regulatory sources said, but agency officials have not ruled out starting the process later this year.