Carbon Pulse

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News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 1 hour 53 min ago

EU Market: EUAs muster 2.2% gain in rangebound week

Sat, 2019-06-15 03:45
European carbon prices were flat on Friday, receiving little direction from fundamental or non-market influences ahead of an upcoming full auction week.
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California ETS advisory group member resigns amid career move

Sat, 2019-06-15 03:13
A California Independent Emissions Market Advisory Committee (IEMAC) member has resigned his post with the ETS monitor after taking a new position at the state’s Independent System Operator (CAISO), the chair of the committee said Friday.
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US Carbon Pricing Roundup for week ending June 14

Sat, 2019-06-15 02:26
A summary of legislative and regulatory action on carbon pricing and clean energy at the US subnational and federal level taken this week, including a New Jersey plan to get to 100% carbon-free energy, Nevada finalising legislation to coordinate GHG reduction policies, and Maine passing a state-level 'Green New Deal' and rejecting proposals related to a cross-border hydro line.
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New Jersey to finalise RGGI cap-and-trade amendments this month, report says

Sat, 2019-06-15 01:52
New Jersey will complete its cap-and-trade amendments for the northeast US RGGI programme this month, setting up Garden State entities to participate in the Mar. 2020 auction, according to the state's Energy Master Plan (EMP).
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BY THE NUMBERS: Data sheds light on unused CER supply, Kyoto unit trading

Fri, 2019-06-14 23:08
There remains more than 860 million unused CERs – a massive supply of offsets that could potentially be tapped by airlines to comply with aviation's CORSIA scheme or which could find its way into the Paris Agreement era.
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CN Markets: Pilot market data for week ending June 14, 2019

Fri, 2019-06-14 21:05
Closing prices, ranges and volumes for China's regional pilot carbon markets this week.
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Tianjin to auction 2 mln CO2 allowances on June 27

Fri, 2019-06-14 20:30
Tianjin will auction 2 million carbon permits on June 27 to help struggling emitters acquire sufficient allowances to be in compliance for 2018, the municipal government said Friday.
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NZ Market: NZUs find momentary respite but outlook remains cloudy

Fri, 2019-06-14 19:23
New Zealand carbon allowances on Friday halted their recent price slide as the spot contract climbed back above NZ$23 ($15), though experts said a lack of fundamental drivers suggests a serious comeback is unlikely for now.
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Australia offset issuance balloons as end of financial year nears

Fri, 2019-06-14 18:44
Australia’s Clean Energy Regulator has awarded over 770,000 carbon credits in the past three days as a growing number of project owners seek to get their issuances before the June 30 end of the financial year.
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CP Daily: Thursday June 13, 2019

Fri, 2019-06-14 08:37
A daily summary of our news plus bite-sized updates from around the world.
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California’s ARB defends forestry protocol, stops short of agreeing to technical review

Fri, 2019-06-14 08:15
California regulator ARB cited numerous errors in a recent policy brief criticising the state’s cap-and-trade forestry protocol, while refusing an independent technical review of the methodology requested by state legislators, according to a letter seen by Carbon Pulse.
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Canadian federal govt won’t impose ‘backstop’ CO2 tax on Alberta until 2020

Fri, 2019-06-14 08:02
Ottawa will not impose its federal carbon tax on Alberta until Jan. 1, 2020 after the province’s new conservative government eliminated its C$30/tonne levy last month, allowing the country’s largest-emitting jurisdiction to avoid paying for some fossil fuel-related emissions over at least the next seven months.
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New Brunswick offers weaker standards for output-based pricing system

Fri, 2019-06-14 07:50
The New Brunswick government proposed its own output-based pricing system (OBPS) for large emitters on Thursday, but the market’s less stringent facility-based industrial benchmarks and electricity standards could run afoul of the Canadian federal government’s ‘backstop’ mandate.
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Ecosystem Marketplace loses long-time program manager to The Nature Conservancy

Fri, 2019-06-14 07:40
US-based environmental analytics firm Ecosystem Marketplace has lost its program manager to embattled green group The Nature Conservancy (TNC), Carbon Pulse has learned.
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NA Markets: California allowances continue retracement, RGGI dips despite increased buying

Fri, 2019-06-14 07:38
California Carbon Allowance (CCA) prices plummeted by double-digits over the week, a move traders attributed to options positions and post-auction regrouping, while RGGI allowances (RGAs) also dropped despite a surge of activity on the secondary market.
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Canadian carbon tax of C$102/tonne by 2030 would help hit Paris target -report

Fri, 2019-06-14 07:33
Canada can meet its Paris Agreement goal by roughly doubling the price of its rising ‘backstop’ carbon tax to C$102 ($77) and expanding the policy’s geographical and sectoral coverage, all at a relatively small economic cost, according to a government report released Thursday.
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EU airlines face CORSIA uncertainty as states order MRV rule re-write

Fri, 2019-06-14 06:18
EU airlines are being advised to continue monitoring their 2019 international flight emissions despite a lack of rules to govern the process due to bureaucratic delays.
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EU Market: EUAs lift back to €25, remain stuck in Brexit-bound range

Fri, 2019-06-14 06:07
EUAs lifted back towards €25 on Thursday, with carbon barely responding to a jump in oil prices as the ongoing Brexit debacle helped to cap gains.
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UK’s Fiddler’s Ferry coal plant to close next year amid “challenging economics”

Fri, 2019-06-14 02:23
UK-based coal-fired power station Fiddler's Ferry will close its remaining operational units by next year, owner SSE announced on Thursday amid toughening economic conditions for the plant.
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China issues tender to build national carbon trading platform

Thu, 2019-06-13 20:01
The Shanghai United Assets and Equity Exchange has issued a tender seeking bids to build the trading platform for China’s national carbon market, one of the last pieces of the puzzle before the world’s biggest cap-and-trade programme can commence.
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