Carbon Pulse
News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 2 hours 8 min ago
Amid CDM gridlock at UN, African states seek funding alternatives
Lacking buyers for their carbon credits, African nations are appealing to the Green Climate Fund (GCF) and other institutions to finance their carbon-cutting activities as Paris Agreement rulebook talks drag on.
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EU Market: EUAs inch higher as 2017 compliance season closes quietly
EU carbon prices barely budged on Monday in trade muted by tomorrow's European public holiday as observers grew wary over whether the market could sustain recent gains with the annual compliance season now over.
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California-based consultant rejoins emissions trading group IETA
A California-based consultant has rejoined IETA to work on the emissions trading association’s growing US and international research efforts.
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Emitters up share of German-auctioned EUAs purchased in March -report
The share of German carbon allowances bought by big emitters rose for a second straight month in March, with operators taking more than half of the 17.44 million sold.
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Australian offset issuance balloons as analyst predicts 62 Mt/yr market by 2030
Australia’s Clean Energy Regulator last week issued over 850,000 carbon credits, some three times more than average, while an analyst on Monday predicted the domestic offset market could reach 62 million tonnes of CO2e per year by 2030.
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NZ Market: NZUs track record highs after bullish report
New Zealand carbon allowances on Monday closed just 5 cents below their all-time high as last week’s Productivity Commission report was seen bullish by some major market participants.
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Govt advisors back new market for offsets with additional benefits for Australia
The Climate Change Authority, an independent advisory body to the government, has recommended Australia should establish a new offset type for land-based carbon cuts that also provide additional benefits for the agriculture sector.
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CP Daily: Friday April 27, 2018
A daily summary of our news plus bite-sized updates from around the world.
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California LCFS Roundup: Q4 2017 data shows first yearly credit deficit as ARB holds meeting on programme updates
Data released by California regulator ARB for Q4 2017 this week shows that the state’s Low Carbon Fuel Standard (LCFS) recorded a yearly deficit for the first time in the programme’s history, with the publication coming alongside the agency handing out several fines and conducting the first board meeting on a series of possible amendments.
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EU Market: EUAs inch higher for fourth day, securing 3.9% weekly gain
European carbon prices rose Friday to post a 3.9% weekly gain as the annual compliance season drew near its close and despite another weak auction result.
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Down to the wire: EU govts cleared to hand out free 2017 CO2 allowances to generators just days before deadline
The allocation of free carbon allowances to power generators in EU member states eligible under the bloc’s Article 10c ‘derogation’ programme again came down to the wire this year, with most handing out their 2017 quotas some two weeks or less before the ETS compliance deadline.
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Inflated hotel prices, lengthy commutes await attendees at Poland’s COP24 UN climate talks
Planning on attending COP24 in Poland this December? Then prepare for inflated accommodation prices and daily commutes to the venue of potentially two hours or more each way.
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CN Markets: Pilot market data for week ending Apr.27, 2018
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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China’s energy intensity slips further in Q1, as demand for gas rises -data
The decline in China's energy intensity continued to outpace national targets in Q1, with the shift towards a cleaner economy boosting domestic demand for gas and further cutting the country's GHG emissions, according figures published by China's National Bureau of Statistics (NBS) on Friday.
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CP Daily: Thursday April 26, 2018
A daily summary of our news plus bite-sized updates from around the world.
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NA Markets: WCI prices tread water near auction floor, though pre-sale selling notably absent
North American carbon prices stabilised over the last week as both the east and west coast markets began to focus on the spring auctions.
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Mexican senate approves bill to bolster emissions trading plans
Mexico’s Senate passed a bill late Wednesday that gives a clearer mandate to the country’s planned carbon market and to align national emission reduction goals with Paris Agreement targets.
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California’s ARB says supply glut will not hamper 2030 emissions goals
California regulator ARB does not expect tens of millions of unsold allowances in its cap-and-trade programme to jeopardise the state’s 2030 GHG target, according to the agency’s estimates.
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ETS emissions ticks higher at Finnish utility Fortum
Finnish utility Fortum emitted 1.1 million tonnes of CO2 from its EU ETS-regulated facilities over the first quarter, up 22% year-on-year, it said in financial results on Thursday.
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New Jersey expects RGGI revenues to start flowing in mid-2020
The New Jersey Department of Environmental Protection (DEP) expects to start earning revenue from RGGI allowance auctions in fiscal year 2020, consistent with the department’s thinking outlined at a presentation last month.
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