Carbon Pulse

California utilities are asking regulator ARB to withdraw its proposal to regulate indirect emissions from the Energy Imbalance Market (EIM) and continue its existing policy through 2019, according to public comments.

Negotiators substantially cut down the draft text of the Paris Agreement’s Article 6 concerning international emissions trading on Wednesday, though sources said that much work remains to be done over the next week-and-a-half of UN talks in Katowice.

Emitters increased their buying of German EUAs in October, taking advantage of sinking prices, a new report shows.

Some 40 companies, business group and environmental organisations on Wednesday released the ‘Katowice Declaration on Sound Carbon Accounting’ to avoid double counting of emission cuts in carbon markets set up under the Paris Agreement and ICAO.

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California’s ARB is slated to discuss the cap-and-trade amendments at its December board meeting, potentially enabling the state agency to approve those changes this year.

UN aviation body ICAO has once again postponed decisions on eligible credits and cleaner fuels under its CORSIA global offsetting mechanism, miring it in further uncertainty as the EU takes steps to safeguard its ability to continue regulating flight emissions.

EU carbon prices nudged higher for a second straight day on Tuesday, boosted by a strong auction result, though market participants remained braced for more volatility ahead.

The continuation of the CDM and its CER credits when the Paris Agreement takes effect in 2021 has emerged as a major point of contention in the early days of the UN climate summit in Poland, as developers and NGOs remain widely split on the issue.

New Mexico should impose an escalating carbon tax or install a cap-and-trade programme across large emitting sectors if it wants to reach its long-term emissions goals, a new report has proposed.

Market participants anticipate Wednesday's RGGI auction will clear at a 10- to 15-cent discount to the secondary market, bucking a recent trend of above-market settlements.

The French government is suspending the imminent increase of its domestic carbon tax on fuel and power, backing down to pressure following weeks of violent protests in Paris.

The UN has identified six action areas with a high potential to drive GHG reductions and resilience as it encourages countries to bump up their Paris Agreement targets at a New York conference next September, Secretary-General Antonio Guterres announced on Tuesday.

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

New York Independent System Operator’s (NYISO) proposed carbon charge for its wholesale power market could extend the lifespan of nuclear generation and shift renewable energy downstate, according to new analysis.

UNDP seeks to recruit a Climate Change and NDC Policy Specialist who will provide policy and programmatic support on climate change as part of the NDC Support Programme Global Support Unit, with a focus on NDCs and related areas in the context of sustainable development.

NRDC is seeking a Climate Advisor to work with the City of Austin as part of the American Cities Climate Challenge (ACCC).

Think tank Third Way is looking for a senior policy advisor for its Washington DC office.

NRDC is seeking a Schneider Federal Climate & Clean Energy Policy Analysis Fellow to work with the Climate & Clean Energy Team in our DC or NY offices.

California's 2019 carbon auction floor price will be set at $15.62, the ARB confirmed on Monday, while overall WCI current vintage auction volume will decline by 10% next year.