Carbon Pulse

California and RGGI prices were largely static this week as the summer holiday season kicked off in earnest with the July 4 US holiday.

Embattled US EPA Administrator Scott Pruitt resigned as leader of the country’s environmental office on Thursday after a multitude of political and financial scandals, with deputy administrator and former coal industry lobbyist Andrew Wheeler slated to become the acting agency head on Monday.

The number of RGGI allowances held for compliance purposes declined in the first quarter of 2018 as the northeast US carbon market’s latest true-up deadline arrived March, according to a report by market monitor Potomac Economics.

EU carbon prices will retest last month’s seven-year high by the end of the year before hitting €20 in 2020, according to a poll of analysts conducted by Carbon Pulse.

European carbon prices reached their highest level in a month on Thursday as continued rises in power spurred buying in anticipation of increased demand from utilities for the rest of the summer.

Colombia will spend at least three years studying ways to impose an ETS in the country, a government official told Carbon Pulse on Thursday, dimming prospects of a rapid launch of emissions trading following lawmaker clearance last week.

The former head of environmental products trading at oil major BP has left to set up a US-based firm specialising in biofuels and forest carbon assets.

The Energy and Climate Policy Associate supports The Nature Conservancy's conservation goals by communicating a clear vision and strategy designed to broaden support in Virginia for action on energy policy to address climate change.

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

EU carbon prices reached their highest in almost three weeks on Wednesday as a strong auction stirred hopes that EUAs could climb back above €16.

Two former Barclays trading colleagues called upon as market experts have effectively been pitted against each other in a £160 million ($210 mln) lawsuit over RBS’s alleged 2009 role in EU carbon trading tax fraud.

A four-day meeting of the Green Climate Fund (GCF) board broke without taking any major decisions on Wednesday as rich and poor nations rowed and failed to tackle how to replenish the GCF’s rapidly depleting funds currently lacking a US contribution.

Delaware’s Superior Court has dismissed a lawsuit challenging the state’s participation in RGGI after the plaintiffs were unable to demonstrate that the regional US cap-and-trade scheme harmed them financially.

Australia’s carbon price could more than double by 2030 as the weak CO2 target for electricity generation will force higher costs on other sectors, analysts said Wednesday.

Reporting to the Board of Carbon Market Watch, the Executive Director will have the opportunity to lead an agile and fast moving team to implement political campaigns on a variety of issues related to carbon pricing, climate finance, human rights and public participation. He/She will be responsible for the smooth running of the organisation, ensure stable financial resources and implement a forward looking development and expansion plan.

New Zealand carbon allowances rose to an all-time high on Wednesday as sellers were reluctant to satisfy demand amid expectations of higher prices in future.

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

A California Assembly committee on Tuesday approved a bill that would increase the state’s Renewable Portfolio Standard (RPS) in 2030 and set a goal for 100% renewable energy by mid-century.

Ontario entities saw access to their cap-and-trade accounts restricted on Tuesday as new Premier Doug Ford officially cancelled the province’s carbon market.

EU carbon prices inched higher for a second day on Tuesday, buoyed by record high power prices that overshadowed the bearish impact of a weak auction.