Carbon Pulse

Democrats are quickly moving on climate change in the new divided Congress as they will unveil the widely-expected “Green New Deal” on Thursday, calling for significant changes to the US economy to reduce carbon emissions over the next 10 years.

France-owned utility EDF will cease power generation at its 50-year-old Cottam coal-fired plant on Sep. 30 due to it being economically unviable, the company said on Thursday, a date that reflects the end of its government subsidies awarded for providing secure supply.

Swedish utility Vattenfall’s EU ETS-covered thermal power output dipped 0.6% to 31.6 TWh last year, curbing its demand for carbon allowances while its cleaner forms of output ramped up, it said in annual results on Thursday.

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Illinois and Minnesota state legislators in recent days announced 100% carbon-free electricity targets and increases to both states' Renewable Portfolio Standards (RPS), building on revamped climate action across America’s midsection early in 2019.

New Jersey's Department of Environmental Protection (DEP) published additional information this week about the assumptions and electricity generation mix that helped inform its 2020 RGGI cap proposal, in an effort to placate environmental groups who have argued for a more stringent target.

The ten US jurisdictions participating in the Transportation and Climate Initiative's (TCI) development of a carbon pricing mechanism to regulate fuel emissions are beginning to craft a programme, but they have yet to outline any meetings or specific design elements, numerous sources said.

Increased deployment of carbon capture utilisation and storage (CCUS) technologies may require greater investments and a trading exchange in addition to higher US federal tax benefits, a report said Wednesday.

EUAs gained 2.3% after briefly topping €24 on Wednesday to continue this week’s choppy rally amid supportive power prices and a gap in the auction calendar.

A Belgian minister quit this week amid a scandal resulting from mass climate protests, lifting global warming up the country's political agenda ahead of an election for which issues such as carbon pricing have been largely taboo.

Greece has received two bids for some of state-controlled utility PPC’s lignite assets, advancing the EU-mandated sale that has been under pressure from rising EUA prices and legacy costs.

Offset crediting from projects set to deliver nearly 100 million carbon credits to the Australian government should be subject to discounts due to doubts about their environmental integrity, according to the nation’s top scientific body, CSIRO, and the New South Wales state government.

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EEX-owned Nodal Exchange could begin offering a California Carbon Allowance (CCA) Vintage 2022 contract by this week if approved by a federal regulatory body, an official confirmed to Carbon Pulse.

The continued boom of US oil and gas production could add 1 billion tonnes of CO2e to global GHG emissions by 2030, while displacing domestic clean energy growth, according to a study released Tuesday.

A South African parliamentary committee on Tuesday approved the country’s carbon tax bill, moving the long-awaited levy a step closer to becoming law.

Ontario's environment ministry has laid out the compensation value for unusable carbon compliance instruments from the province's cancelled ETS, with allowances and offsets fetching the same amount.

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