Carbon Pulse

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

The Netherlands said it will shut two of its coal power plants in 2024 and the other three before 2030 unless they switch fuels, adding further pressure to big-emitting generators ahead of the implementation of a planned domestic carbon floor price for power from 2020.

Several Californian agencies are discussing raising the carbon reduction target for natural and working lands (NWLs) in the state in order to meet the state’s 2030 GHG targets, which the departments laid out at a workshop on Friday.

EU carbon recovered from a mid-afternoon sell-off on Friday, with prices ending slightly lower in choppy trade after a bullish auction to hold above €15 for a 4.2% weekly rise.

The Senate version of a bill that would implement a carbon tax and rebate programme in New York was defeated in a legislative committee this week, the second such carbon pricing initiative to fall on the US east coast this week.

Below is a table of the closing prices, ranges and volumes for China's regional pilot carbon markets this week. All prices are in RMB, and volumes in tonnes of CO2e. Data sourced from local exchanges.

Emissions covered under the EU ETS rose by 0.3% in 2017, the European Commission said Friday, confirming the small increase both reported in preliminary data released last month and predicted by analysts.

The EU’s highest court has ruled that chemicals firm Evonik is not entitled to additional free carbon allowances because its method of producing gases does not fall within a defined benchmark.

Australia’s Clean Energy Regulator this week issued 244,000 carbon credits, taking the total number of offsets issued since the programme started in Dec. 2012 past 50 million, although the majority of the units have been snapped up by the government itself.

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

North American carbon markets jumped into life late this week as the WCI programme prepared for its second quarterly auction result, while RGGI traders began to plan for the northeast US market’s second sale of the year.

The European Commission is gearing up to propose deeper EU emission reduction goals later this year as lawmakers are increasingly willing to accept more ambitious near-term measures, according to EU climate chief Miguel Arias Canete.

A Rhode Island bill that would have implemented a state-wide carbon tax was halted by a House committee this week, meeting an identical fate to both the Senate version and similar legislation floated last year.

News and analytics firm ICIS is losing its lead North American carbon markets analyst, Carbon Pulse has learned.

ICIS, the leading global carbon markets data & research provider, is looking for a Lead Analyst – North American Carbon Markets. Ideally, the position is based in Houston, Texas or New York City.

EU carbon prices broke new ground above €15 after Thursday’s auction attracted sturdy interest and cleared at the highest level since 2011.

New Zealand’s coalition government on Thursday announced its 2018 budget, which included plans for a NZ$100-million ($69 mln) Green Investment Fund as well as additional funding to establish the Climate Change Commission advisory, carry out ETS amendments and prepare for internationally-linked carbon markets.

South Korean CO2 allowances have closed up three days in a row as demand remains strong with the June 30 compliance deadline for 2017 emissions approaching.

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

Utah’s state-sponsored lawsuit challenging California’s carbon market and coal power restrictions will advance until the new fiscal year, the lawmaker spearheading the initiative told Carbon Pulse.