Carbon Pulse

A summary of legislative and regulatory action on carbon pricing and clean energy at the US state level taken this week, including Washington state’s 100% clean electricity bill, Hawaii carbon tax proposals, New Hampshire legislation to codify the post-2020 RGGI Model Rule, the Maine Public Utilities Commission's decision on a hydroelectric transmission line, and a Maryland Renewable Portfolio Standard (RPS) proposal.

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

China aims to finally launch its emissions trading scheme for its power sector next year, and then expand the market to other major industries over the following five years, multiple sources told Carbon Pulse, citing a draft government plan.

Australia’s Clean Energy Regulator issued 393,357 carbon credits this week, data showed on Friday, keeping the agency on track to doubling the amount of issued offsets year-on-year.

Mining major Rio Tinto has threatened to end its membership to any industry organisations that lobby against or try to undermine the goals of the Paris Agreement.

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

Verra seeks a dynamic Market Development Manager to join its market development team to manage market research, partnership development and outreach to new markets, governments and users of Verra frameworks.

EUAs are on track to peak just shy of €40 in four years, but they could fall far short of that and even drop below €10 by 2030 if member states aggressively phase out coal power without cancelling carbon allowances to offset the impact, an ICIS analyst said on Thursday.

Green groups are again preparing numerous arguments to support the Canadian federal government’s ability to impose its ‘backstop’ CO2 pricing plan on recalcitrant provinces as Ontario’s court challenge starts Monday.

California Low Carbon Fuel Standard (LCFS) credit prices continued their month-long slide this week after regulator ARB floated a price ceiling for transactions in the programme.

California Carbon Allowance (CCA) prices rose significantly this week as new speculative capital continued to drive the WCI market's recent bull run, while RGGI allowances (RGAs) saw minimal activity and small gains on the secondary market.

European carbon stormed to a fresh 11-year high on Thursday as buyers pushed them above €27 amid rising gas and coal, though some experts said that after rallying almost 30% since the end of March, EUAs could now be due a large correction. A Carbon Pulse subscription is required to read the full article. Subscribe […]

The UK is pushing ahead with plans to develop its own emissions trading scheme to implement after it leaves the bloc, despite the ongoing impasse in Brexit negotiations, though it appears to have fallen slightly behind schedule.

China’s biggest cap-and-trade market saw a 460% year-on-year increase in value over Q1 as institutional investors entered amid signs of the scheme’s historical allowance surplus drying up, pushing prices up to four-year highs in the process.

Australia's Prime Minister Scott Morrison on Thursday called a national election for May 18, of which the outcome will play a decisive rile for Australia’s future climate ambitions and the extent to which it will use emissions markets to reach its goals.

New Zealand’s gross GHG emissions rose 2.2% in 2017, government data showed Thursday, sparking fresh vows from Climate Change Minister James Shaw to reform the nation’s emissions trading scheme and put in place legislation to bring carbon output to zero by mid-century.

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

European carbon prices shot to their highest in almost 11 years on Wednesday, as speculative buying was fuelled by rising gas prices and indications that Brexit was poised for a longer extension.

California issued more than 646,000 California Carbon Offsets (CCOs) across six projects, and forestry projects made up a bulk of the new issuances, regulator data showed Wednesday.

A rise in voluntary market issuances over the past year could signal that entities are preparing for the start of multiple international emissions trading regimes in the next decade, but some cautioned there still may be too much risk to engage in early purchasing.