Carbon Pulse

EU carbon prices briefly tumbled below €19 on Wednesday after a bumper UK auction cleared at a record discount, but some traders said there may be more to the bearish result than weak demand.

Should the state government in Western Australia decide to reinstate obligations for the LNG industry to offset its greenhouse gas emissions, that could drive demand for 15-60 million carbon credits each year, a report said Wednesday.

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

A bipartisan group of US House representatives introduced a $15 carbon fee and dividend bill on Tuesday that could signal the onset of increased climate policy efforts in next year’s Congress.

The New York Independent System Operator (NYISO) will alter its CO2 pricing approach to carbon-free resources on the margin in an effort to minimise emission leakage, according to a presentation.

EU carbon prices dipped on Tuesday, staying in a narrow range in a becalmed session that defied a rising energy complex.

Maryland’s Department of the Environmental held its final public hearing on Monday for the proposed RGGI Model Rule updates, and officials anticipate finalising them next month.

France on Tuesday confirmed plans to close two of its nuclear reactors in 2020 as part of a strategy that paces the country's atomic power phase-down through 2035 while hiking domestic carbon taxes.

EU carbon prices will rise by at least 60% to above €30 early next year as the onset of the MSR squeezes the market, analysts predict.

Countries are going even further off track towards limiting global warming to 2C as emissions began increasing in 2017, according to a UN report that found nations must triple emissions cuts pledged under the Paris Agreement to keep within the temperature limit.

For the second time in two weeks, Guangdong-issued carbon offsets have sold at auction for well over 40% above secondary permit prices.

Most wind and solar power investment now occurs in developing countries, though highly polluting coal power generation is not being displaced by those sources, analysts found in a comprehensive survey.

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

The Intercontinental Exchange (ICE) has lost its US director of environmental and coal markets to competitor IncubEx, sources told Carbon Pulse.

No California-based forestry projects are believed to have been impacted by the numerous wildfires that have hit the state over the past several months, several registry officials and offset developers said, though the final assessment could still take time.

California Low Carbon Fuel Standard (LCFS) prices rose back toward the $190 mark over the past several days, and traders believe more gains could be possible over the last month of 2018.

Advocate for Clean Energy is searching for an environmental policy fellow for its Washington DC office.

EU carbon prices slipped below €20 on Monday, continuing their slide from late last week but clawing back from a €1 intraday drop.

ICF, a global consultancy firm, is searching for an junior climate change and sustainability consultant to support climate, energy efficiency and transportation line of business. The role will be responsible for carrying out domestic and international projects in the sustainability and climate fields.

Assisting CBI’s Market Development Director and the Latin America team on the delivery of key objectives for the LatAm Green Finance Programme. The Programme Manager will act as a project lead, executing all aspects of activity planning, budgeting and delivery for the programme.