Carbon Pulse

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

California and Quebec will offer more than 66 million current vintage allowances in each of the next two quarterly sales, with the August volume roughly identical to the May auction supply, according to regulator data released Friday.

Oregon Democrats will not be entertaining any amendments to their cap-and-trade bill after Republican senators decided to walk out in protest over over the proposal, a state senator told Carbon Pulse.

Power plants linked to industrial sites should only be awarded free EUAs if the resulting heat is used in district heating or high efficiency co-generation, an EU court found this week, upholding a previous opinion in a move that could trim the allowance allocations of companies across the bloc EU next year.

The Netherlands won’t wait for the EU’s protracted lawmaking process to launch an aviation carbon tax and expects several fellow member states to follow or extend their own initiatives.

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

**Following some reader suggestions, we’re trialling a new brief midday EU ETS market report.**

Australia’s Clean Energy Regulator this week distributed over 1.1 million carbon credits as developers continued to seek issuances ahead of the June 30 financial year end.

Two “silent catalysts” will push European carbon prices higher in the coming months, analysts predict, calling the market’s current focus on Brexit and gas prices “short-sighted”.

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

Four California assemblymembers asked state regulator ARB this week to adopt the Tropical Forest Standard (TFS) for international sector-based offset programmes despite ongoing disagreement and environmental justice opposition to the proposal.

California Carbon Allowance (CCA) prices dropped significantly on the secondary market this week as aggressive sellers caused the first major retracement since this spring’s bull run began, while RGGI allowances (RGA) dipped slightly amid New Jersey finalising its regulations to join the nine-state ETS.

The New York legislature late Wednesday passed an omnibus climate bill that will see the Empire State make deep emission cuts through 2050 with the possible use of some in-state offsets, though environmental justice groups lamented compromises made regarding the allocation of green project revenues.

EU leaders failed to agree on setting a 2050 date for the bloc to reach net zero emissions late Thursday, as talks broke with four nations holding out.

Oregon Senate Republicans fled the state on Thursday in protest of a scheduled final vote of a WCI-modelled cap-and-trade bill, leaving Democrats without a quorum to conduct any business in the interim.

The Netherlands formally launched a bid for an EU-wide carbon tax on aviation on Thursday, stressing that it would take unilateral measures if the effort failed.

Ontario Premier Doug Ford has appointed a new environment minister to replace Rod Phillips, who was shifted to the finance file in a major cabinet reshuffle on Thursday.

A former senior Chinese government official has rubbished claims from the power sector that the country must build more coal-fired power plants to avoid power shortages.

**Following some reader suggestions, we’re trialling a new brief midday EU ETS market report.**

Australian Energy Minister Angus Taylor's claim that Australia should be credited for emission cuts caused by its natural gas exports does not hold up against scrutiny, argues this op-ed by Frank Jotzo and Salim Mazouz of the Australian National University.