Carbon Pulse

Czechia-based utility CEZ was lagging behind its historical hedging rates by the end of Feb, it said in financial results this week, potentially pointing to an uptick in its carbon buying for the coming months.

US Representative Paul Tonko (D) unveiled a set of nine principles for climate action on Thursday, aiming to shore up lawmaker and stakeholder support in pursuit of a comprehensive national plan.

China will publish new green bond standards later this month that will for the first time deem ‘clean coal’ ineligible, Reuters reported Thursday, citing unnamed sources.

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

Nevada state lawmakers introduced a bill this week to raise the state’s Renewable Portfolio Standard (RPS) and achieve 100% carbon-free electricity by 2050, building on increased climate action in the southwest US state over the past year.

EUAs climbed back towards €22 after touching a three-week low on Wednesday, as higher natural gas prices lifted the wider energy complex.

Recent gains in the California Carbon Allowance (CCA) market are leading traders to question whether prices could diverge from historic trends amid an influx of bullish new speculators, with some predicting the rise will be short-lived.

Japan’s most powerful business lobby this week urged the government to prioritise economic growth in the battle against climate change, such as backing exports of efficient coal power technology while steering clear of an explicit price on carbon emissions.

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

Carbon Pulse partner ICAP has published its annual Status Report “Emissions Trading Worldwide”. The 2019 edition provides a comprehensive overview of the latest developments and design elements of all ETS in operation, scheduled and under consideration around the world.

California regulator ARB will hold a public hearing on Apr. 5 to consider possible amendments to the cost containment provisions of the state’s Low Carbon Fuel Standard (LCFS), with the aim of keeping prices below the yearly Credit Clearance Market rate.

Alberta Premier Rachel Notley announced on Tuesday that voters will head to the polls next month for the provincial election that could have major ramifications for the future of the Canadian jurisdiction’s carbon levy and pricing system for large emitters.

EUAs lost further ground on Tuesday, extending their March low amid a bearish energy complex and continued Brexit uncertainty.

Exchange EEX maintains plans to get involved in China’s national emissions trading scheme, it announced Tuesday, despite delays in the launch of the cap-and-trade programme that has forced a number of domestic market participants to look elsewhere for opportunities.

Voluntary demand for carbon credits has increased to dwarf buying interest from Safeguard Mechanism companies, but Australia’s offset market is still oversupplied by some 730,000 credits in FY2018-19, the Clean Energy Regulator said Tuesday while setting its next ERF auction date.

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

California’s proposed Offset Protocol Task Force (OPTF) could design new offset protocols or tweak existing ones to bolster the supply of credits that could provide direct environmental benefits to the state (DEBs) in the next decade, regulatory sources told Carbon Pulse.

EUAs fell to their lowest so far this month in a volatile session that saw carbon crash through several technical supports before rebounding strongly late on.

Connecticut’s two electric utility companies struck a deal Friday with Dominion Energy to keep its zero-emitting Millstone Nuclear Plant from early retirement, while the six New England governors also signed an agreement to cooperate on bolstering nuclear power in the US region.

Virginia’s Department of Environmental Quality (DEQ) is aiming to send its RGGI cap-and-trade regulation to the state's Air Pollution Control Board for final approval by mid-April, a state official said.