Carbon Pulse

Australia’s Clean Energy Regulator issued just 124,000 carbon credits this week after last month’s end-of-financial year rush that saw over 2.8 million offsets distributed.

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

A major German lignite power generator has closed and experts say others face a bleak future as higher carbon prices contribute to a poor financial outlook for the country’s big-emitting units, which have until now proved resistant to climate policy.

EU carbon prices could rise to €33 by the middle of next decade and to €50 by 2030, consultants have forecast, bringing big ramifications for the bloc’s industry that they said could warrant policy changes including modifying EUA allocation rules or implementing border adjustments.

Electronics firm Hang Seng has been awarded the contract to build the trading system for China’s national CO2 emissions trading scheme, putting the world’s biggest emitter on track to launching its carbon market in the second half of next year.

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

European carbon prices sank towards €26 on Thursday after the daily auction posted a weak result for a second straight day.

New Zealand’s main farming lobby has rejected the government’s target for methane emission cuts from livestock, saying it would disadvantage the nation’s food production industry.

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

Compliance entities' short positions on the V19 California Carbon Allowance (CCA) contract peaked at the end of June as prices rebounded slightly after their first major retracement, according to US Commodity Futures Trading Commission (CFTC) data.

California fuel consumption continued to see year-on-year declines during the first quarter of 2019, as higher retail prices and greater renewable content in diesel lessened entities' compliance obligations under the state's WCI-linked ETS.

The European Commission registered a carbon pricing petition on Wednesday, in a move that could eventually spur tougher curbs on emissions amid mounting public anger over inaction on climate.

European carbon prices are holding at elevated levels in the €26.00-27.50 range, but according to a poll of analysts there appears to be a growing disparity in views as to the direction EUAs will go next.

A carbon price of around 50 yuan ($7.27) per tonne could be sufficient to help throttle new coal investments in China, especially in combination with other regulatory efforts to reduce the risks of new fossil fuel construction, according to an energy advisory group.

EUAs sank early on Wednesday after struggling to absorb Poland’s bumper auction, though prices soon recovered.

Eight companies missed the June 30 annual compliance deadline for Shenzhen’s emissions trading scheme, but have been given until Sep. 10 to make good before penalties kick in.

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

An Oregon Democratic senator that opposed the state’s WCI-modelled cap-and-trade proposal sees a potential path forward to pass climate legislation during next year’s short session, the legislator told Carbon Pulse Tuesday.

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Alberta-based offset project developer and consultancy Carbon Credit Solutions has acquired fellow advisory firm and green technology company Cap-Op Energy, with an eye to supplying more than 1 million provincial offset credits this year, the companies announced Tuesday.