Carbon Pulse

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

A second batch of RGGI offsets have been issued to a Maryland project, the only facility to have received credits under the scheme.

The New York Independent System Operator (NYISO) finalised a proposal Friday that would embed a carbon price on its wholesale electricity market, but it offered few changes from prior versions of the initiative.

Closing prices, ranges and volumes for China's regional pilot carbon markets this week.

European carbon prices ended Friday higher, adding 1.5% in a becalmed session compared to the previous day’s volatile barn burner to end within sight of last week’s close.

Voluntary market developers should pause exporting carbon credits once the Paris Agreement begins and until trade rules are clear, industry group ICROA said Friday, in a drastic shift in stance that could transform the nature of the sector.

The Asian Development Bank (ADB) teamed up with Germany and Sweden on Friday to launch a new facility to support Southeast Asian nations develop ITMO pilot projects for Paris-era international emission trade.

Energy exchange EEX on Friday published the 2019 auction calendar the group of 25 EU member states that sell their EUAs and EUAAs on the bloc's common auction platform.

RGGI’s December auction settled at $5.35/short ton on Friday, clearing at a premium for the third consecutive auction and falling outside of most market participants’ expectations.

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

The US Environmental Protection Agency (EPA) released proposed rules Thursday that would relax the standard for new and modified power plants, while also removing a requirement that coal-fired facilities use carbon capture technology.

RGGI allowance (RGA) prices declined by double-digits ahead of the final 2018 auction and amid increased activity, while California Carbon Allowance (CCA) prices dipped as entities looked to shift positions across the curve.

A Dutch initiative to help consumers and companies curb the EU ETS surplus and push up emission costs is branching out across Europe aiming to pressure lawmakers for more ambitious market reforms.

“RIA lives!” said Peruvian indigenous leader Fermín Chimatani Tayori, referring to a private-public partnership called “Amazon Indigenous REDD+”, an eight-year effort to develop protocols and projects that use carbon finance to support indigenous development plans called “Life Plans” (Planes de Vida).

EU ETS prices did not hurt revenue, profits, or employment at firms covered by the programme over 2005-2014 period, but despite modest price levels, they had a limited impact in cutting emissions, the OECD said in a report Thursday.

California Low Carbon Fuel Standard (LCFS) credits traded at a new all-time high on Wednesday, drawing closer to the $200 mark as traders debated whether or not that level would be breached.

Analysts are trimming their EU carbon price forecasts in the wake of Poland’s announcement that it would offload an additional 56 million permits in 2019, with some experts predicting that another large batch will come the following year.

A baseline-and-crediting scheme for industrial emitters under a ramped-up Safeguard Mechanism featuring targets in line with the Labor party’s climate target would be short from the outset, with demand rapidly increasing over the next decade, a report found Thursday.

EU carbon prices plummeted on Thursday morning on the back of Poland's announcement that it would double the number of allowances it intends to auction next year.

*FREE READ* - There are hundreds of millions of tonnes in open interest across the Dec-18 EUA options. Beyond spawning more volatility, options trading veteran Tobias Munk says this massive build-up may yield additional risks in the form of unwanted exercises and 'pin risk' ahead of next week's expiry.