Carbon Pulse

Quebec's environment ministry granted almost 41,000 offsets this week to seven landfill gas projects in its first issuance since Sep. 2017, as traders said this fall’s approaching WCI compliance deadline is creating a supply crunch throughout the market.

California has reduced emissions included in the state’s GHG inventory four years ahead of schedule, achieving the target laid out in the state’s landmark climate policy but still exhibiting increases in several sectors.

A nationwide carbon tax on the US electricity sector would yield more emissions reductions and fewer ratepayer impacts than previously thought thanks to falling prices for renewables and natural gas, according to an environmental think-tank.

Norway has the capability to store all of Europe’s CO2 emissions, the Nordic country’s environment minister Ola Evestuen said Wednesday, adding that CCS is essential for reaching the ultimate goal of net zero greenhouse gas output.

Switzerland’s energy-related CO2 emissions continued to decline in 2017, the government reported Tuesday, attributing much of the fall to the increased use of biofuels.

South Korea on Wednesday released the allocation plan for the second phase of its emissions trading scheme, adding more than 30 million permits annually for industrials to support their short-term growth prospects.

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The UK's fortnightly EU carbon auction was cancelled on Wednesday due to insufficient interest, host ICE said, marking the second failed sale in the past two months.

New Zealand carbon permits jumped to fresh record highs on Wednesday as a lack of available supply continued to pull prices north.

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

An omnibus clean energy bill introduced by a Washington DC councilmember on Tuesday calls for the US capital to achieve a 100% Renewable Portfolio Standard (RPS) by 2032, but fails to include a carbon tax pushed for by campaigners this year.

The UNFCCC’s Clean Development Mechanism (CDM) has enjoyed great success in deploying more than $300 billion of investment into clean technology in developing countries around the world. But recent decisions by the UNFCCC risk alienating may of the companies whose activities support this mechanism and discriminate against smaller enterprises.

Ontario lawmakers have been recalled for a summer session to introduce "urgent legislation" to repeal the law that underpins the province's now-cancelled cap-and-trade scheme, the new Progressive Conservative government announced Tuesday.

EU carbon prices extended its one-month high on Tuesday as a heatwave-induced rally in European power prices continued to lend support.

California grasslands offer a better chance of sequestering carbon than forests under higher temperatures and more intense drought, which researchers say is critical for offset project developers and regulators to consider in meeting the state’s emission target.

The European Commission will launch a 12-week consultation early next week on revising its long-term low-carbon development strategy - a plan that might take as long as two years to finalise, the EU’s climate chief said Tuesday.

A UK court has dismissed an appeal filed by a dolime company over having to return almost 185,000 EU carbon allowances after it mothballed a plant in 2016.

The third RGGI auction of the year will take place on Sep. 5, the scheme's operators announced Tuesday, with the sale following June’s sold-out auction that surprised many by clearing several cents above market.