Carbon Pulse

The Japan Electric Power Exchange (JEPX) has held its first auction of non-fossil fuel power certificates, which some observers say might spark more interest in using market-based tools to meet carbon targets.

China will for the first time include environmental capacity and economic return as factors in restricting new investment in coal-fired power generation, according to a leaked note from the National Energy Administration (NEA).

The council in Shenzhen’s richest city district has extended a funding scheme for local emitters based on how many CO2 permits remain unused when complying with the Chinese city's pilot emissions trading scheme.

South Korean carbon permits rose to their highest level of 2018 on Wednesday as many traders remain concerned whether supply will be sufficient for everyone to comply by the annual June 30 deadline.

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

The Canadian Parliamentary Budget Office (PBO) released an expanded assessment on Tuesday to support its recent forecast of how a federal carbon levy will impact the country’s GDP, though the analysis appeared somewhat extreme and binary in nature and did not account for a number of realities across Canada's existing pricing patchwork.

The largest organised labour group in Washington came up short of formally backing the state’s carbon tax ballot initiative, signalling a potential gap in support ahead of the July filing deadline.

European carbon extended the previous session’s seven-year high on Tuesday, crossing the €16 mark for the first time since June 2011 following a strong auction, though some traders are growing increasingly concerned that the large gains will lead to a sudden price collapse.

EU nations such as France are moving in the right direction in their efforts to impose a carbon price floor in addition to the ETS because recent price rises still leave the market and other mechanisms insufficient for tackling climate change, according to World Bank climate chief John Roome.

The future of emissions trading globally rests on whether China’s carbon market is deemed a success by the international community.

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

IFC’s Climate Business Department (CBD) has a vacancy for a Senior Operations Officer in the Climate Finance & Policy Unit, which supports action leadership on topics such as carbon pricing, climate risk, and impact measurement, as well as upstream climate business-related markets development and development of the innovative low-carbon financial instruments to mobilize more private capital. The position will be based in Washington, DC and the incumbent will report to the Manager of the Unit.

Michigan’s two largest utilities will aim to source at least 50% of their energy from clean sources in 2030 after forging an agreement with an environmental group campaigning for stricter standards.

Peru’s government has agreed to ‘nest’ two REDD projects financed by fund Althelia, claiming a global first that enables the developers to sell carbon credits abroad while later integrating with the government’s Paris emission pledge.

EU carbon prices scaled a new seven-year high above €15.50 on Monday, as a continental European holiday kept volumes low and an auction off the calendar.

EU nations handed out almost 500,000 free carbon allowances to industry over the past two weeks, the European Commission said in its final allocation update this year.

An ongoing federal court case in Australia could cause problems with carbon offset issuance to a number of the nation’s savanna burning schemes.

Chinese President Xi Jinping this weekend reiterated plans to step up his country's fight against pollution, but softened language on the role China wants to play in international climate politics.

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

The Netherlands said it will shut two of its coal power plants in 2024 and the other three before 2030 unless they switch fuels, adding further pressure to big-emitting generators ahead of the implementation of a planned domestic carbon floor price for power from 2020.