Carbon Pulse

European carbon prices clawed back above €21 on Wednesday, recovering from a three-day low hit intraday amid a firmer energy complex and a steepening EUA futures curve.

The California Air Resources Board (ARB) will not submit additional appeals in the La Paloma bankruptcy case, an agency official said, after a federal judge threw out its legal challenge this summer.

Nordal Exchange and IncubEx will begin offering a suite of North American environmental products, including California Carbon Allowances (CCAs) and RGGI Allowances (RGAs), on Nov. 16 pending regulatory review.

EU finance ministers on Tuesday agreed to extend until mid-2022 regulations protecting the EU ETS and wider European energy markets from tax fraud.

Japan’s latest push on carbon pricing was plunged into uncertainty this week after Prime Minister Shinzo Abe replaced Environment Minister Masaharu Nakugawa, who had launched twin processes to put the issue back on the government’s agenda.

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A regulatory review of the US Renewable Fuels Standard (RFS) due next year could help spark long-awaited legislative efforts to overhaul the federal biofuels policy, according to a former EPA staffer.

London-based private equity firm Three Hills Capital Partners (THCP) has spent more than €60 million to purchase a minority stake in the environmental and energy commodities trading company ACT Group.

European carbon closed lower on Tuesday, ending a three-day streak of gains, after a bullish auction result failed to provide the momentum needed to test recent highs.

Centuries of unsustainable agriculture have squeezed massive amounts of nitrogen and carbon out of soils, but scientists think we can pull about 10% of our GHGs out of the air and inject them into soils just by switching to climate-safe agriculture – a practice that could also increase farmers’ yields and save on fertilizer costs.

A group of northeast US states could outline a proposal to regulate carbon emissions from the transportation sector later this year, potentially putting them on the path to have a fully-functional programme by 2021, experts said.

Aviation needs to impose a carbon price as high as $200/tonne to incentivise a switch to cleaner fuels and reach zero emissions without offsetting by 2060 in order to align with the Paris Agreement, an expert group told industry leaders on Tuesday.

Korea’s South Chungcheong province on Tuesday became the first Asian jurisdiction to join the UK- and Canadian-led Powering Past Coal Alliance, a move that will see closing dates for 14 coal plants brought forward by up to five years.

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The California Low Carbon Fuel Standard (LCFS) market has jumped back to life after the state regulator Air Resources Board (ARB) approved an amendment package for the programme last week, prompting prices to claw back towards record highs hit this summer.

A collection of state government representatives and environmental groups criticised the US Environmental Protection Agency's (EPA) proposed Affordable Clean Energy (ACE) rule at its lone public hearing on Monday, saying the regulation would backtrack on climate change mitigation in the power sector and be a detriment to public health.

EU carbon saw another volatile trading session Monday, but prices rose for the third consecutive day on a stronger auction performance.

Maryland is on track to release its final proposed amendments to adopt the post-2020 Regional Greenhouse Gas Initiative (RGGI) rules in October, putting the state on track to approve the changes this year, a state official told Carbon Pulse.

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Australia’s Clean Energy Regulator has set an annual emissions cap for Shell’s Prelude project under the Safeguard Mechanism, but the world’s second-biggest floating LNG platform will still bump up the nation’s greenhouse gas emissions by nearly 3 MtCO2e annually.