Carbon Pulse

Youth-led climate lawsuits in the US and Canada will face important turning points this week as federal and provincial judges consider arguments on whether the countries have violated constitutional rights by allowing for continued fossil fuel-led development.

California Carbon Offset (CCO) prices are bound to rise following the May WCI auction results as larger discounts to allowance prices and a shorter timeframe before the next compliance period should incentivise buyers in the coming months, an offset developer said.

European carbon prices tumbled to a two-month low on Monday due to a myriad of bearish factors, experts said.

Pacific Gas & Electric’s (PG&E) decision to skip its second consecutive WCI auction is being viewed as a potential bullish signal for California Carbon Allowance (CCA) prices as participants believe the embattled utility may be a heavier buyer in the future.

There is scope for ASEAN nations to cooperate closer on MRV and carbon pricing instruments, paving the way for what could eventually evolve into a region-wide emissions trading market, a study has found.

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

Environment America is seeking someone for its two-year fellowship program to help the organisation mobilize the support it takes to build more solar and wind power, reduce global warming pollution, keep our beaches, rivers and streams clean, protect our wildlife and wild places, and hold polluters accountable when they violate our environmental laws.

California regulator ARB released a $1.36 million settlement agreement on Thursday with fuel refiner and marketer Tesoro for misreporting six years’ worth of data under the state’s Low Carbon Fuel Standard (LCFS), including several million gallons of deficit-generating fuel.

The Business Development Manager will have strong commercial acumen and play a pivotal role in Carbonsink’s growth strategy in Europe. They will report directly to the Managing Directors.

European carbon prices plunged to a one-month low on Friday, as bearish energy and supply-side fundamentals weighed heavily.

California regulator ARB does not believe criticism of its cap-and-trade programme's forestry offset protocol raised by a recent policy brief merits any changes to the methodology, because the study included numerous inaccuracies, according to an agency presentation.

The US EPA released its final rule on Friday for allowing year-round sales of 15% ethanol blends and increasing transparency in the biofuel credit (RIN) market under the Renewable Fuel Standard (RFS), but the agency dropped several proposed restrictions on credit trading for the time being.

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

Australia’s Clean Energy Regulator issued fewer than 130,000 carbon credits this week, while only one new project was registered.

New Zealand carbon allowances extended their recent losses in Friday trade to close at their lowest levels since last August, with market observers expecting prices to fall further in weeks ahead amid lack of clarity on the future fixed price option level.

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

The Republican-controlled Ohio House of Representatives passed a bill on Wednesday to subsidise two nuclear plants slated to close in 2021, but the latest version of the legislation would eliminate the state’s renewable portfolio standard (RPS), which incentivises clean energy.

California Carbon Allowance (CCA) prices rose this week amid increased buying after the most recent WCI auction fell within market participants’ expectations, while RGGI Allowance (RGA) dipped in front of their own quarterly sale.

European carbon prices dipped in a quiet session on Thursday to remain locked in a narrowing channel, as the market braced for new allowance supply to mushroom next week.

While EU carbon’s increasingly rangebound trade is pointing to an impending breakout, more experts are breaking with those technical conventions and expecting prices to remain near current levels in the coming months.