Carbon Pulse

The UK government’s climate advisors could recommend deepening Britain’s near-term emission targets as part of their advice on how the country can align with the 1.5C global warming goal, the UK’s climate minister has indicated.

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NZUs remained unchanged just above the NZ$25 fixed price option (FPO) level for the third consecutive day on Monday as emitters weigh compliance strategies amid ongoing uncertainty over the FPO's fate.

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

California Low Carbon Fuel Standard (LCFS) prices slunk back below $190 this week amid thin activity following data that showed the market to be more in a deficit than expected.

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The Connecticut Department of Energy and Environmental Protection (DEEP) published amendments Thursday that would implement the suite of post-2020 changes to the RGGI carbon market agreed to by the programme’s nine member states.

California saw significant GHG reductions in 2017 as renewable and hydroelectric power displaced natural gas-fired generation, but stakeholders are not certain the trend will continue much longer.

Germany's finance ministry has shot down Environment Minister Svenja Schulze's plan to expand carbon pricing domestically.

EUAs briefly tumbled back below €19 on Friday after early efforts to scale €20 failed, as speculators appeared to take pre-weekend profits built up during this week’s relief rally.

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

Japan should phase out all its coal-fired power plants by 2030, increase its ambition under the Paris Agreement and introduce a price on carbon as soon as next year in order to do its share to limit global warming, green group Kiko Network said in a report Friday.

Australia’s Clean Energy Regulator this week issued 458,135 carbon credits, with the majority awarded to major sellers to the government’s Emissions Reduction Fund (ERF).

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

Canadian Environment Minister Catherine McKenna announced Thursday that the federal government will invest funds in Ontario emissions reduction initiatives after the province scrapped its green programmes this summer associated with its cancelled cap-and-trade programme.

Germany will need to buy intergovernmental carbon units to cover a shortfall in its EU emission goals in non-ETS sectors, according to environment minister Svenja Schulze, who called for an expansion of carbon pricing domestically to avoid having to source foreign credits again in future.

European carbon rallied for a fifth day on Thursday, fully recovering from from the sell-off that sent prices to a four-month low a week ago, though experts say EUAs may face a tough challenge getting above €20.

California Carbon Allowance (CCA) prices declined on the secondary market ahead of next week’s auction, while traders showed little appetite to transact RGGI allowances (RGAs).

California regulator Air Resources Board (ARB) will return to its twice-a-month offset issuance schedule after issuing credits on a rolling basis ahead of the WCI's Nov. 1 compliance deadline, a state official told Carbon Pulse on Thursday.

Governments could save almost $300 billion a year on emission reductions by 2030 if they cooperate among each other rather than working alone, a conference heard this week.