Carbon Pulse

Vermont is unlikely to hits its long-term climate goals under existing policies, but the US state could reach near-term targets with minimal economic impacts by using a variety of carbon pricing and investment initiatives, a study found on Wednesday.

A Virginia legislative committee will once again consider a bill to enable the state’s full participation in the northeast US RGGI programme, although the Republican-led legislature is likely to scuttle that effort for a second straight year.

California regulator ARB issued more than 600,000 California Carbon Offsets (CCOs) this week, with the majority coming from the ozone-depleting substance (ODS) protocol for the second consecutive time.

EUAs retreated nearly 2% back below €25 on Wednesday, falling after extending a three-week high as traders grew wary about the bearish impact of Germany’s coal phaseout plan.

Embattled California utility Pacific Gas & Electric (PG&E) signed a financing agreement with four banks this week to provide the company with a $5.5 billion lifeline during its pending bankruptcy, according to public documents.

SEI US is recruiting a highly motivated software developer with a strong background in environmental and/or social data processing and analysis to join our Transparency for Sustainable Economies – Trase – initiative in our office in Davis, California.

Wednesday’s South Korean CO2 auction sold out with the clearing price 2% above the secondary market, reflecting a supply dearth.

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

Oregon can improve the environmental and economic performance of its planned cap-and-trade programme by freely allocating carbon allowances to the industrial sector rather than exempting those companies from the scheme entirely, according to a study released Tuesday.

The pending bankruptcy filing of California utility Pacific Gas & Electric (PG&E) is raising new questions about the future of the state’s lone nuclear power plant slated to close in the next decade and how the plant could influence future emissions.

Oil major BP purchased offset credits from two of the largest projects in the WCI cap-and-trade programme, a company official confirmed last week, but data suggests the fuel supplier is reselling many of those Alaska-sourced units on the secondary market.

The Regional Greenhouse Gas Initiative, Inc. (“RGGI, Inc.”) seeks to hire a Program Associate to be based in New York City.

European carbon prices resumed their recent rally on Tuesday, climbing by as much as 3.6% to a three-week high above €25.

The European Commission is planning to host a conference on international carbon trade this spring to help clinch a deal on rules for Article 6 of the UN Paris Agreement after recent talks fell apart.

China's public banks and corporations have become world leaders in funding coal-fired power plants, providing financing for over a quarter of the world's new facilities while domestic limits often prevent such investments at home, a report has found.

Something is happening in the “Zero-Deforestation Supply Chain Movement,” which is a key component of the global effort to end climate change, and this week’s Annual Meeting of the World Economic Forum (WEF) could provide the impetus for moving beyond lateral drift into fervent activity.

New Zealand carbon allowances have traded in a narrow 22-cent range for the past month with most traders away from their desks and little news to drive prices.

The Korea Exchange will on Wednesday hold the nation’s first regular carbon allowance auction, a new feature as the market shifts from full free allocation.

Business group Carbon Market Institute on Tuesday outlined a strategy with options for how Australia can transition the Safeguard Mechanism into a carbon trading programme, just weeks before the opposition Labor party is expected to present a similar plan ahead of May elections.

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