Carbon Pulse
News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 1 hour 22 min ago
EU Market: EUAs retreat back towards €24 as oil slump weighs late on
EUAs dipped back towards €24 on Wednesday as a drop in oil prices triggered a sell-off in key energy contracts, even as EUA demand prospects appeared to be improving.
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Alberta eliminates C$30 carbon levy, but timeline for federal replacement uncertain
Legislation eliminating Alberta’s C$30 carbon tax entered into force on Tuesday, but the timeline is still uncertain for the federal government to impose its ‘backstop’ fossil fuel levy on the Canadian province in response.
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Top EU ETS emitter Ryanair to publish monthly CO2 data
Ryanair, the largest emitting airline in the EU ETS, will start publishing monthly CO2 emissions output data, it said on Wednesday.
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EU carbon prices could hit €40 by year’s end, analysts predict
EU carbon prices will climb towards the top of the coal-to-gas fuel-switching range for Western European utilities by the end of this year, possibly to as high as €40, according to analysts.
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US carbon tax could incentivise fuel switching in power sector, study finds
A national US carbon tax could reduce the amount of coal-fired generation and cause power sector emissions to decline by as much as 22% in the short term, according to a study published Wednesday.
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EU ETS prices to average €36 next decade as many expect further market tightening -survey
EU carbon prices will average €36.05 over 2021-2030, according to an annual survey of market observers and participants, marking a massive 63% year-on-year gain in expectations.
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Guangdong resumes carbon offset market after 10-month suspension
The Guangdong provincial government on Wednesday announced it had reopened the local carbon offset market following its suspension of the programme last August amid concerns over some of the project methodologies.
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India launches first emissions trading experiment
India on Wednesday launched a regional air pollution emissions trading market, marking a shift to a more market-based approach to dealing with environmental issues as a voluntary carbon trading programme is also on the steps.
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CP Daily: Tuesday June 4, 2019
A daily summary of our news plus bite-sized updates from around the world.
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RGGI auction expected to clear underneath secondary market price, traders say
Market participants anticipate the June RGGI auction to settle underneath the secondary market, breaking a year-long trend of above-market settlements in the northeast US cap-and-trade programme.
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Too risky for UK emitters to stray from normal EU ETS compliance plans amid Brexit uncertainty -analyst
It’s probably too risky for UK emitters to delay buying EU carbon allowances for compliance until they have clarity on Brexit, a senior analyst said Tuesday, foreshadowing several scenarios that could prove bearish for EUA prices.
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EU Market: EUAs rebound after extending 2-month low
EUAs rebounded from a fresh two-month low on Tuesday as bargain-hunting buyers stepped in despite building auction supply pressure.
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Ontario govt’s climate plan would see GHG reduction costs soar compared to federal ‘backstop’ -report
The Ontario Progressive Conservative government’s suite of climate policies would significantly increase costs for the same amount of emissions abatement that would be achieved under Ottawa’s ‘backstop’ carbon levy and output-based pricing system (OBPS), a study found Tuesday.
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Netherlands unveils carbon floor price to start in 2020
The Netherlands government on Tuesday proposed a law to set a minimum CO2 price for its power sector from next year.
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China takes key step towards launching emissions trading market
China’s environment ministry has ordered provincial governments to produce lists of power plants to be included the national ETS and get them ready to open accounts in the CO2 permit registry.
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CP Daily: Monday June 3, 2019
A daily summary of our news plus bite-sized updates from around the world.
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REDD criticism should not affect California’s Tropical Forest Standard, advocates say
California’s Tropical Forest Standard (TFS) is unlikely to see an erosion in support due to a recent media report's critique of REDD-eligible credits, because the proposal would mitigate most of the flaws that could occur with individual offset projects, two environmental advocates said.
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EPH gains more ground on RWE as EU’s top corporate emitter
Czechia-based firm EPH gained ground for the second straight year on German utility RWE as the biggest emitter in the EU ETS last year, according to a report published Monday.
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Costco among six companies to make up OCFP credit shortfall this summer
Multinational retailer Costco and five other transportation fuel importers will enter the Oregon’s Clean Fuels Programs’ (OCFP) Credit Clearance Market (CCM) to complete their credit purchases for the 2018 compliance year, the state environmental agency announced late Friday.
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EU spurns calls to use foreign carbon credits in its ETS, for now
The EU won’t use more foreign carbon credits in its carbon market, at least for the time being, Brussels officials said on Monday in response to calls for the bloc to reignite international emissions trade.
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