Carbon Pulse

Fossil fuel-based projects in developing and eastern European countries have been the largest individual beneficiaries from selling offsets to emitters in the EU ETS since 2014, while more than 75% of the credits came from just two countries.

Average credit prices in California’s Low Carbon Fuel Standard (LCFS) in April marched back towards record highs set earlier this year, while data from the Oregon Clean Fuels Program (OCFP) revealed a credit surplus for the state’s clean fuel standard in 2017.

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.

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Switzerland has begun talks with several developing nations to test pilot GHG-cutting initiatives, aiming to secure carbon credits that could be eventually used to help meet its Paris Agreement goal.

Once a bastion of EU carbon trading fraud, France has found almost a fifth of its burgeoning 'white' energy efficiency certificate market to be "problematic" since it relaxed auditing rules, delivering another stark warning over the potential pitfalls of market-based environmental policies.

Over 60,000 forest carbon credits issued by the Guangdong provincial government sold at a 10% premium to allowances in China’s biggest emissions market, the local exchange said.

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Carbon prices on both North American coasts stalled this week as participants found little incentive to trade ahead of the next round of quarterly auctions.

Historically, small landowners have had a difficult time accessing carbon markets in which to sell their forest-based offsets.

Governments have agreed to hold an extra week of negotiations on international emissions trade and other rules under the 2015 Paris Agreement, as two weeks of UN climate talks in Bonn ended Thursday yielding little progress.

A bill to expand Connecticut’s Renewable Portfolio Standard (RPS) and revise the state’s energy plan passed a final floor vote in the House on Wednesday, but not before some legislators unsuccessfully tried to put forth an amendment amidst backlash from environmental groups.

Green group The Nature Conservancy and insurance company XL Catlin have teamed up to develop ‘Blue Carbon Resilience Credits’ for marketing the benefits of ecosystems that combine carbon sequestration and climate change resiliency.

Italian utility Enel reported a more advanced hedging position in Q1, continuing its accelerated rate from the previous quarter as EUA prices rose.

EU carbon prices hit a fresh seven-year high on Thursday, posting a third day of strong gains in the past four amid a supply-starved week and as the wider European energy complex marched higher.

The delay of China’s national emissions trading programme has forced a number of carbon specialist firms to refocus their business, sparking a price war in the emissions verification industry.

China’s CDM Fund has approved a 65 million yuan ($10 mln) loan to a Shanghai-based natural gas project in a bid to ramp up supply of natural gas seen as crucial to help bring down coal consumption and cut CO2 emissions.

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A dry winter is expected to hamper low-carbon hydroelectric power generation in California this summer, according the state’s independent system operator, pointing to a potential tightening of the state’s cap-and-trade market.

California regulator ARB handed out over 6.4 million California Carbon Offsets (CCOs) this week in the third largest issuance in the programme's history, with one new forestry project receiving the vast majority of the credits.