Carbon Pulse

The European Commission will not push to raise the EU’s 2030 emission reduction goal next month, German press agency DPA reported, dropping the drive amid reluctance from Germany and others.

Seventeen entities opened Compliance Instrument Tracking Service System (CITSS) accounts during the third quarter, bringing the total number to 673, according to Air Resources Board (ARB) data.

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

California's Air Resources Board (ARB) approved changes on Friday to maintain higher fuel economy standards in the 2021-2026 period in response to the Trump administration’s recent proposal to keep the federal standard static at the 2020 level.

A US court ruled Thursday that New York’s zero emissions credit (ZEC) programme to subsidise nuclear energy does not impede on federal authority, marking the second time this month that a federal court has upheld the state-led initiatives.

The Virginia Air Pollution Control Board (APCB) postponed a decision until late October on proposed cap-and-trade regulations that would set a more stringent 2020 emissions limit, officials said Friday.

EU carbon prices gained for the second straight day on Friday, climbing above €21 after another strong auction helped recover more lost ground from big drops earlier in the week.

Germany should impose market mechanisms such as more stringent carbon pricing to drive its clean energy transition, instead of its current complex support mechanisms, the country's federal audit office said Friday.

Four companies have picked up 50% of the 128.6 million German carbon allowances auctioned in the first eight months of 2018, a new report shows.

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

Australia’s greenhouse gas emissions rose 1.3% in the year to Mar. 31, largely due to a massive increase in export-focused LNG production and despite a reduction in emissions from the power sector.

Australia’s Clean Energy Regulator issued 49,903 carbon credits this week, around half the recent average, while one more project finalised its delivery obligations with the Emissions Reduction Fund.

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

California regulator ARB approved a set of regulatory amendments to the state’s Low Carbon Fuel Standard (LCFS) late Thursday, strengthening the programme’s GHG targets through 2030 amid a plethora of other changes.

Regional Greenhouse Gas Initiative (RGGI) prices rose over course of the week to build on two-year highs reached earlier this month, while California Carbon Allowances (CCA) continued to decline on the secondary market.

EU carbon prices lifted above €20 on Thursday, as a stronger auction helped to claw back some of the heavy losses of the previous two sessions.

The spreads between the main EU carbon allowance futures have exploded this week to levels not seen in years, though traders and analysts were at odds over the reasons behind the big moves.

Alaska Governor Bill Walker (I) did not rule out implementing a carbon tax in the state during a press conference on Wednesday, which followed his appointed climate change committee calling for such a levy.

Various energy and trade organisations have asked a US federal court to block California from advancing its Low Carbon Fuel Standard (LCFS) regulations on the eve of a final vote, claiming the revised proposal violates the Constitution's dormant commerce clause.

Virginia has floated adopting an initial emissions cap that is more than 15% below its previous proposals, as the state works toward linking with the northeast US Regional Greenhouse Gas Initiative (RGGI).