Carbon Pulse
News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 2 hours 57 min ago
California issues nearly 425K offsets as forestry projects net majority
California regulator ARB issued nearly 425,000 new California Carbon Offsets (CCOs) this week, with a majority of the credits going to two existing forestry offset projects.
Categories: Around The Web
French carbon tax rises still “on the table” despite protests -minister
France may resume raising its domestic carbon tax if it modifies how the revenues are spent, despite the ongoing violent protests that led to last month’s scheduled increase being suspended, the country’s environment minister said this week.
Categories: Around The Web
Greece’s PPC eyes another sale bid after tender failure
Greece’s state-owned utility PPC is targeting another attempt to sell its lignite assets in May after cancelling this month's initial tender because of lacklustre interest.
Categories: Around The Web
EU Market: EUAs bounce back after hitting 2-mth low below €20
EU carbon prices fell below €20 for the first time in over two months on Wednesday, before bargain-hunters stepped in to attempt to reverse this week’s bearish slide.
Categories: Around The Web
UK faces “incredibly tight timetable” to set up own post-Brexit ETS -experts
The UK faces "an incredibly tight timetable" for setting up its own ETS by 2021 and will likely need to rely on the EU’s goodwill should the government want to ensure minimal disruption for its emitters by linking to the bloc's carbon market post-Brexit, experts said on Wednesday.
Categories: Around The Web
China beats ‘clean’ coal target as fossil fuels remain key part of energy, climate policy
China has reached 700 GW worth of so-called ‘clean’ coal capacity, state media reported, easily beating its five-year plan target of 580 GW by 2020.
Categories: Around The Web
Departing boss of Australia’s CMI to join carbon offset firm
The departing CEO of Australia’s Carbon Market Institute (CMI) business association will join an offset specialist firm in his new role.
Categories: Around The Web
CP Daily: Tuesday February 12, 2019
A daily summary of our news plus bite-sized updates from around the world.
Categories: Around The Web
ECOSYSTEM MARKETPLACE: Former UNFCCC boss Yvo de Boer still working the climate puzzle, but from a different angle
Yvo de Boer values his solitude and his garden – both of which he neglected while serving as Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC) from mid-2006 to mid-2010.
Categories: Around The Web
Industries seeking greater allowance allocations, looser offset rules in Oregon ETS
Emissions-intensive, trade-exposed (EITE) industries are seeking greater free allowance allocations than currently proposed under Oregon’s possible cap-and-trade programme, while the agricultural sector is advocating for more cost protections and less onerous offset restrictions, according to written comments.
Categories: Around The Web
Ontario proposes to harmonise OBPS with federal carbon pricing system
The Ontario environment ministry on Tuesday released draft regulations for its climate plan for large emitters, aligning with the federal government’s mandate through a rising carbon price and possible credit trading.
Categories: Around The Web
LADWP to close three California natural gas-fired plants by 2029
The Los Angeles Department of Water and Power (LADWP) will phase out three natural gas-fired power plants by the end of the next decade as the city works toward its 100% renewable energy goal, city officials announced Tuesday.
Categories: Around The Web
EU Market: EUAs plunge by over 8% to new 2019 low after key support breaks
European carbon fell by nearly €2 on Tuesday to their lowest so far this year, plummeting late in the day as prices crashed below a major support level that had held up since late 2018.
Categories: Around The Web
World Bank carbon fund inks first REDD payment deals
Two African nations will receive over $100 million for protecting some of their forests under the World Bank’s Forest Carbon Partnership Facility (FCPF), the agency announced on Tuesday, jump-starting the first REDD payouts from the facility's Carbon Fund since it launched at the beginning of the decade.
Categories: Around The Web
EU prepares to pick up airline ETS burden in event of no-deal Brexit
EU rules passed into law on Tuesday would transfer responsibility away from Britain for managing the ETS requirements for hundreds of airlines in the event of a no-deal Brexit, with Germany taking on many of the major carriers.
Categories: Around The Web
China ETS emissions accounting improves, study finds
Chinese companies covered by pilot emissions trading schemes submit more correct CO2 data over time, a study has found, adding some hope that the national cap-and-trade programme can operate with credible data.
Categories: Around The Web
NZ Market: NZUs jump to 2-month high on firm demand
New Zealand carbon allowances on Tuesday rose 1% to their highest since mid-December as demand around the fixed price option level remained firm while available supply was scarce.
Categories: Around The Web
CP Daily: Monday February 11, 2019
A daily summary of our news plus bite-sized updates from around the world.
Categories: Around The Web
Massachusetts surplus grows as state allocates 610k GWSA credits
The Massachusetts Department of Environmental Protection (MassDEP) allocated an additional batch of carbon permits for the state’s Global Warming Solutions Act (GWSA) market earlier this month, adding length to the newly created programme.
Categories: Around The Web
New England hydroelectric line facing pushback from greens, utilities
A unique coalition of utility companies and environmental groups are contending that a proposed hydroelectric transmission line in New England could increase emissions in the the northeast US region, potentially having a spill-over effect in the RGGI cap-and-trade market.
Categories: Around The Web