Carbon Pulse

California regulator ARB on Wednesday provided updates to its proposal to incentivise the uptake of more zero-emissions vehicles (ZEVs) under the state’s Low Carbon Fuel Standard (LCFS), including a controversial measure to credit ZEV infrastructure build-out introduced earlier this summer.

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California regulator ARB granted over 2.8 million California Carbon Offsets (CCOs) this week in the largest issuance since May, with an Oregon tribe’s forestry project receiving over three-fourths of that total.

EU carbon prices slipped below €17.50 on Wednesday despite a stronger enlarged auction, as the energy complex was dragged lower by heightened fears that a global trade spat will damage economic growth.

Some 56% of German energy companies expect EUA prices to be above €20 in the next five years, up from fewer than 40% of companies six months earlier, according to a survey published Wednesday.

A hot July helped China’s coal imports to hit their highest levels in almost five years as coal consumption continues to grow while the government’s work to carve out regulations for its planned national emissions trading scheme has ground to a halt.

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California state regulator ARB issued a proposal on Tuesday designed to prevent potential Trump administration rollbacks in federal vehicle efficiency standards from negatively impacting the state’s climate goals.

The Ontario government’s proposed legislation to rescind the law underlying the province’s ETS and GHG reduction targets could have serious legal, economic, and environmental ramifications, lawmakers from the opposition NDP party said on Tuesday.

European carbon prices slipped below €17.50 on Tuesday as a weaker auction raised doubts that recent bullish momentum would sustain a renewed push towards a new seven-year high above €18.

EU utilities Uniper and CEZ remain behind their historical power hedging rates, their respective quarterly financial results showed on Tuesday, a potentially bullish indicator for EUAs as the companies may need to up their carbon buying over the rest of the year.

More than 20 businesses and industry groups on Tuesday called on Australian state governments to back the National Energy Guarantee (NEG) at Friday’s crucial meeting, urging the administrations to treat the issue of the scheme’s emissions target separately.

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New York’s Independent System Operator (NYISO) on Friday published its draft recommendations for adding a carbon price to the state’s wholesale power markets next decade that would deduct the cost of RGGI allowances purchased at quarterly auctions.

EU carbon prices dipped slightly on Monday but kept within reach of last week's seven-year high as observers expect further gains this week to push carbon above €18.

Quebec’s environment ministry announced on Friday that the province will hold its second anticipated sale of carbon units by mutual agreement on Oct. 3, giving firms covered under the province’s cap-and-trade programme an additional opportunity meet the scheme’s upcoming compliance deadline.

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Three Australian state governments on Monday refused to commit to backing the National Energy Guarantee (NEG) proposal ahead of this week's crunch meeting, even as federal Environment and Energy Minister Josh Frydenberg accused them of “politicking and posturing”.

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European carbon prices were steady on Friday to notch a 3.3% gain for the week, holding near recent seven-year highs on light volume and following another bullish auction result.