Carbon Pulse

Saskatchewan on Wednesday updated its climate plan but said it will not be submitted for approval by the Canadian government ahead of this week’s deadline, marking the latest salvo in the ongoing battle over carbon pricing between the province and Ottawa.

The UN’s climate division appears to have hastily pulled a social media campaign and accompanying video relaunching its voluntary offsetting platform, just hours after the ad was panned by campaigners and other viewers for mocking people’s efforts to lead a low-carbon lifestyle.

EU carbon climbed back above €21 on Wednesday as a strong auction helped prices claw back more than half of the previous day's heavy losses to re-approach Monday's 10-year peak.

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California’s Assembly late Tuesday passed a bill to increase the state’s Renewable Portfolio Standard (RPS) and eliminate fossil fuels from its power generation mix by 2045.

Nearly a quarter of China’s H1 electricity traded in the recently-established regional power markets, according to data from the China Electricity Council, as the nation took another small step away from the government pre-planned dispatch pattern that observers say would hurt the effectiveness of a carbon price.

Sanjeev Kumar of PR consultancy Burson-Marsteller sets out four EU carbon market reforms that should be on Brussels’ agenda to ensure effective operation based on clear market fundamentals.

Oregon industry groups on Tuesday told lawmakers they wanted protection or exemptions under a potential cap-and-trade programme to avoid rising economic costs.

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European carbon prices fell almost 3% on Tuesday to end the massive bull run that had seen EUAs gain as much as a fifth over the past seven sessions.

Prices for California Low Carbon Fuel Standard (LCFS) credits on Monday fell out of the $180 range they had mostly resided in for the past couple months, while regulator ARB announced that it will vote on programme amendments in September to conclude the year's formal rulemaking process.

The US Justice Department (DOJ) filed a brief on Monday arguing that the Supreme Court should not accept petitions to overturn a lower court’s ruling on an Obama-era ban on potent heat-trapping gases, reversing course on an environmental policy that the Trump administration initially sought to defend.

French Environment Minister Nicolas Hulot resigned on Tuesday, due in part to what he said was the country’s lack of progress towards tackling issues relating to climate change, biodiversity, and the environment.

New Zealand carbon allowances set yet another record high on Tuesday as policy fundamentals continue to suggest prices will go higher in the future.

Australia’s new prime minister will defy calls from his party’s right-wing faction to leave the Paris Agreement, partly over concerns that leaving would jeopardise ongoing talks with the EU over a free trade agreement, local media reported Tuesday.

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The New York Independent System Operator (NYISO) should alter its planned treatment of external transactions under the entity’s proposed CO2 price to avoid higher emitting resources coming into the state’s grid as well as possible legal issues, stakeholders said during a workshop on Monday.

European carbon prices stormed to a new 10-year high near €22 on Monday, rising more than €1 or over 5% at one point as the lack of an auction and a UK holiday squeezed supply.

Australia has launched a review into its project methodology for allowing airliners to earn carbon credits, after seeing more than three years go by without issuing a single offset to the aviation industry.

Australia appears set to extend its policy inertia on climate change issues after new prime minister Scott Morrison over the weekend emphasised his focus would be on bringing down electricity prices, while appointing a renewable energy opponent as his new energy minister.