Carbon Pulse

The administrator of the California-Quebec carbon market amended its by-laws on Thursday to account for Ontario’s summer departure from the programme, and approved in principle work to help account for cross-border compliance instrument transfers.

RGGI allowances continued to find support at higher prices this week due to heightened interest from speculators, while California allowances stagnated on the secondary market.

The Dutch government’s proposed carbon floor price won’t likely affect the country’s energy sector until the latter half of next decade due to rising EU Allowances, analysts predict.

The US Bureau of Labor Statistics reported Thursday that year-over-year inflation dipped in September, setting up a potential California carbon market floor price of $15.60 next year.

Switzerland plans to introduce a domestic carbon price floor when it links its emissions trading scheme to that of the EU in early 2020, a senior lawmaker told Carbon Pulse.

The slide in European carbon prices continued into a third session on Thursday, with prices tumbling to a one-month low near €18.

Australian Resources Matt Canavan on Thursday attacked the energy sector over reports that major emitters are discussing among themselves how to regulate greenhouse gas emissions in the absence of a government policy.

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Project developer and advisory firm Bluesource has hired a carbon market and renewable energy expert to drive its voluntary offset business.

China’s top generators risk losing nearly $400 billion in stranded assets by 2040 if they don’t step up the retirement rate of coal-fired power plants, a report said Wednesday.

California Low Carbon Fuel Standard (LCFS) average monthly prices retreated in September from all-time highs in August, while the total volume transacted trended in the opposite direction to notch a yearly high.

Observers remained sceptical of the long-term impacts of President Donald Trump's decision Tuesday to order the US EPA to promulgate a regulation mandating the currently banned year-round sales of 15% ethanol blends (E15)

EU carbon prices fell sharply for the second straight day on Wednesday, hitting a three-week low and closing below €20 for the first time this month.

An Alaska project is set to be issued nearly 15 million credits on Wednesday by the California Air Resources Board (ARB), which would mark the largest offset project issued in the history of the state’s offset programme if approved by the regulator.

Two former senior UK ministers from opposing parties on Wednesday urged Britain to install a carbon tax to replace its EU ETS obligations post-Brexit, bolstering support for the option.

Australia’s rising emissions could add to carbon credit demand from emitters regulated by the Safeguard Mechanism, but a repeat of last year’s price spike is unlikely as the market is better prepared this year, according to observers.

Indonesia will next month weigh four carbon pricing options to help meet its Paris obligations, including a full-fledged emissions trading scheme for its power and industry sectors.

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