Carbon Pulse

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

Canada intends to conduct an interim review of its patchwork system of provincial and territorial carbon pricing policies in 2020, well ahead of its mandated deadline to complete the work, and will seek to identify areas where jurisdictions can align their varied programmes more closely, a senior official said on Thursday.

The intern will support CCAP’s international waste and climate change work. S/he will provide research, report-writing and conference-preparation support for CCAP’s on-the-ground projects focused on climate change mitigation.

Credit prices in California’s Low Carbon Fuel Standard (LCFS) marched back to their record high this week, while future contracts began trading on exchange for the first time.

News and analysis company ICIS is losing another senior carbon analyst, the second to announce their departure from the firm this month.

Below is a table of the closing prices, ranges and volumes for China's regional pilot carbon markets this week. All prices are in RMB, and volumes in tonnes of CO2e. Data sourced from local exchanges.

Australia’s Clean Energy Regulator this week maintained its recent high levels of offset issuances, handing out 445,065 carbon credits to 21 projects.

New Zealand CO2 prices fell to their lowest levels since late March on Friday, as small clips of recently-issued NZUs offered by forest-owners was more than sufficient to saturate the modest demand.

South Korean CO2 permits rose 10% on Friday, the maximum daily amount allowed, as smaller companies looking to buy added to price pressure.

European carbon prices retreated from the previous session’s seven-year high on Friday, dipping below €16 after the day’s auction cleared at its biggest ever absolute discount to the secondary market.

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

California regulator ARB's planning on how to set post-2020 emissions caps and new offset requirement in the state's carbon market could have negative implications for future GHG reductions, several experts said at a hearing on Thursday.

California carbon prices edged higher following Wednesday's announcement that the second quarterly WCI auction had sold out.

More speculators partook in RGGI's quarterly auctions in 2017 while compliance-oriented entities increasingly turned to the secondary market for their allowance needs, according to the programme’s annual report published Thursday.

South Africa’s cabinet on Thursday approved the government’s proposed carbon tax bill, bringing the long-delayed legislation a step closer to becoming reality.

European carbon prices jumped to a fresh seven-year high on Thursday, before recovering from a brief intraday drop under €16.

Access to the EU's emissions trading registry will be suspended for 48 hours in early June to allow for a software upgrade, the European Commission announced on Thursday.

Sweden has scrapped its plan to spend SEK 300 million (€29.4 mln) annually to buy and cancel EU Allowances, Carbon Pulse has learned, and will instead spend the earmarked proceeds from its sale of state-owned utility Vattenfall’s German lignite assets on low-carbon innovation.

New Jersey Governor Phil Murphy (D) signed a raft of energy legislation into law on Wednesday, including a controversial Zero Emissions Certificate (ZEC) programme for the nuclear power sector.

Ice cream maker Ben & Jerry’s is piloting an initiative where customers automatically offset the footprint of their retail purchases through buying Peruvian forestry offsets via blockchain technology.