Carbon Pulse

Efforts to end a 15-year old practise of giving some of Europe’s most polluting steel plants free carbon allowances hang in the balance as big-emitting businesses fight to keep climate protection rules that have earned them hundreds of millions of euros.

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

General Motors (GM) advocated Friday for the US federal government to establish a national zero-emissions vehicle (ZEV) programme similar to California’s system to promote the adoption of clean cars and lower emissions, as the Trump administration moves to eliminate state initiatives.

Governments at the International Maritime Organisation (IMO) this week got off to a slow start in agreeing measures to help meet emission reduction goals, but the group took steps to keep in play the launch of a market-based measure from 2023.

European carbon tumbled nearly 5% on Friday, breaking below key technical supports to potentially set up further losses next week amid wider bearish conditions.

Virginia’s cap-and-trade regulations are unlikely to be approved in 2018 due to various regulatory and administrative steps that must take place before final approval can occur, a state official told Carbon Pulse.

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

Participants in the South Korean carbon market expect volumes to pick up and prices to rise after the government on Friday finalised installation-level allocation for 2018.

Australia’s Clean Energy Regulator issued 92,037 carbon credits to three projects this week, all of which are under contract with the government’s Emissions Reduction Fund.

The federal government and Coalition-led states on Friday voted down a push from state Labor governments to include a mechanism to cut carbon emissions as part of Australia’s new energy plan.

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

The California Air Resources Board (ARB) is unlikely to push its proposed cap-and-trade rulemaking package further into 2019, because it would delay the future implementation of the programme to mid-2019, numerous regulatory experts said.

The EU Parliament urged the bloc Thursday to raise its 2030 emission reduction goal to 55% below 1990 levels, up from 40%, increasing pressure on the bloc’s leaders that have ruled out doing so this year.

The California and RGGI carbon markets saw relatively little activity and few price changes this week as participants attended an industry conference, but while allowances stagnated, the Golden California Carbon Offsets (GCCO) discount widened as demand waned ahead of next week's WCI true-up deadline.

EU carbon prices sank as much as 5% Thursday to again test levels in the €18s and a key technical support, with prices oscillating amid a wider slump in energy prices.

European energy exchange EEX has no plans to change the way it reports open interest on its emissions derivatives markets, its chief strategy officer told Carbon Pulse, after traders complained the data was misleading.

South Africa has further delayed the roll-out of its long-awaited carbon tax as it looks to introduce a higher levy to penalise companies that exceed their emissions quotas.

Australia's Queensland state government will next week invite funding proposals for a pilot round of the new Land Restoration Fund, which aims to support in-state carbon farming projects.

Fifteen major energy industry, business, environmental and civil society groups in Australia on Thursday called on the government to include a climate strategy in its latest energy sector plan.

The Senior Environment Specialist is responsible for leading the integration of environmental dimensions into the work of the Asian Infrastructure Investment Bank (AIIB), recognizing the importance of this issue in the development of sustainable infrastructure.