Carbon Pulse

European carbon prices will more than double to average €45 next year before climbing to around €65 in 2020.

The partly devolved Welsh and Scottish governments have expressed serious concerns over the UK government’s plans to exit the EU ETS and replace it with a carbon tax under a ‘no deal’ Brexit, calling the approach “cavalier” and “unacceptable”.

Australia should take steps to ensure that major emitters covered by the Safeguard Mechanism won’t face excessive penalty costs from high carbon prices stemming from poor liquidity in the offset market, oil major Chevron has told the Climate Change Authority (CCA).

The Caribbean Community Climate Change Centre (CCCCC) is seeking an Executive Director to chart a course for and oversees the continued development of the Centre, ensuring that the Centre continues to be recognized as a Centre of Excellence, building upon existing partnerships and creating new partnerships with similar institutions at all levels.

Investment firm Salt Funds Management will next month launch a dedicated carbon fund, the first to be listed on the New Zealand stock exchange (NZX), the company said.

ICAO is seeking a consultant for 6 months to help develop and coordinate a strategy to ensure the regular submission of monthly and annual CO2 emissions reports by the project beneficiary States using the Aviation Environmental System (AES), a CO2 emissions monitoring tool that was developed in the scope of the project and installed in the selected States.

The UK government on Monday gave its independent advisers six months to produce advise on when it should set a net zero emission goal, but did not ask for views that would involve Britain deepening its short-term targets.

China’s Hebei province will launch a pilot voluntary carbon offset market across five cities by the end of the year that could be implemented province-wide by 2020, with a view to making the Hebei carbon credits eligible for compliance use for local industry in the national emissions trading scheme.

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

The New Hampshire Supreme Court said Friday it will hear an appeal from US-based utility Eversource to construct its cross-border Northern Pass hydroelectric line after a state committee denied the project necessary permits earlier this year.

Oregon Republican state representative Knute Buehler said this week during a debate that he would oppose legislation to develop a carbon market if elected on Nov. 6 in the state’s tight gubernatorial race, the second major climate policy the candidate has come out against.

The UK will exit the EU carbon market in late March 2019 if Brexit negotiators fail to strike a divorce deal, the British government said in a notice late Friday, while also suggesting UK entities consider opening registry accounts on the continent to retain access to their emission unit holdings.

European carbon prices added 2.5% on Friday to finish the week back above €20 after plunging to a one-month low in the previous session.

The UK will be excluded from participating in the EU ETS under a 'no deal' Brexit scenario, the government announced late on Friday.

The Polish government is preparing a plan to compensate industry and consumers for rising EUA prices, the country’s energy minister told local media, adding that he will again request that Brussels intervene in the market because the conditions for action have now been met.

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

China’s environment ministry has clarified the structure and role of its climate change division, adding the construction of the national emissions trading scheme to its list of duties after omitting the ETS from an initial overview published last month.

New Zealand carbon allowances on Friday came down from the record highs seen earlier in the week, with some observers saying a correction to below NZ$25 might be due.

Australia’s Clean Energy Regulator issued 228,473 new carbon credits this week, with all recipients under contract with the Emissions Reduction Fund, leaving no fresh supply to the secondary market.

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