Carbon Pulse

Japan’s environment ministry has agreed to fund another six projects under its Joint Crediting Mechanism (JCM) that are expected to generate more than a million carbon credits by 2030.

Stationary emissions regulated under the EU ETS fell by 3.1% in 2018 as new renewables capacity displaced coal, resuming a downward trend since 2010 that was interrupted in 2017, a report found on Wednesday.

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

New Mexico Governor Michelle Lujan Grisham (D) signed a climate-based executive order on Tuesday committing the southwestern US state to cut emissions and uphold the goals of the Paris Agreement via a market-based mechanism and other clean energy measures.

More lenient standards for coal plants and other industries, along with a lower number of overall participants, will see the forecast compliance unit deficit for large Canadian emitters regulated by the federal Output-Based Pricing System (OBPS) nearly halved this year, according to new analysis released Tuesday.

European carbon prices climbed back above €23 on Tuesday, clawing back some of Monday’s heavy losses as the energy complex reversed its early declines.

California utility Pacific Gas & Electric (PG&E) filed for bankruptcy protection on Tuesday amid mounting liabilities from wildfires over the past two years.

NZUs have barely budged over the past week amid firm demand, making the NZ$25 fixed price option an increasingly tempting way for emitters to meet their 2018 obligations.

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

Numerous environmental groups urged New Jersey to adopt a more stringent RGGI cap at its first stakeholder meeting on Friday in order to further strengthen the environmental performance of the regional carbon programme.

Hawaii state legislators put forth two different carbon tax proposals last week, with one seeking to swap out the state’s fuel tax and the other allocating a portion of the revenue to taxpayers.

The possible bankruptcy of California utility Pacific Gas & Electric (PG&E) could prompt future changes to the state's cap-and-trade regulations depending on the outcome of Chapter 11 proceedings, but the company can't immediately unwind any renewable energy contracts without federal approval.

California carbon market participants need additional counterparties who can hold volume for future use amid the rising WCI allowance surplus and tightening holding limits, numerous sources said.

An Ontario Superior Court justice ruled Friday that a green group’s challenge to the provincial government’s cancellation of its WCI-linked carbon market last year can continue, but a final ruling for the petitioners this spring would not bring back the scrapped ETS.

WCI, Inc. is seeking a qualified Chief Technology Officer (CTO) in either its Sacramento or Quebec City offices.

EUAs tumbled by more than a euro to below €23 on Monday amid speculation that Germany’s coal phaseout deal would prompt big-emitting utilities to unwind generation hedges.

Germany’s government-appointed coal commission has agreed on a exit timetable for the country that would culminate in phasing out the fuel by 2038, ending more than six months of talks.

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

Oregon lawmakers will reveal a new cap-and-trade bill next week on the heels of a study that found consumers could see a multitude of economic benefits if the state links that potential programme to the WCI market.

A Maine state legislator put forth a CO2 tax proposal this week that could stand a better chance of passing this year with Democrats now controlling the executive branch, but the bill would not exempt the cost of RGGI allowances from the fee as other states have proposed.