Carbon Pulse
News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 1 hour 30 min ago
CP Daily: Thursday April 19, 2018
A daily summary of our news plus bite-sized updates from around the world.
Categories: Around The Web
California stakeholders disagree on post-2020 price tiers, supply measures
Stakeholder comments on potential updates and revisions to California’s cap-and-trade programme after 2020 have revealed a rift over the levels at which the state should set its various price tiers and how it should address overallocation in the scheme.
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NA Markets: RGGI advances on limited buying as WCI prices stagnate
North American carbon markets were relatively low-key this week, with east coast prices moving up 3% on a brief surge of buying interest, while WCI prices stagnated amid a lack of interest in outright futures.
Categories: Around The Web
World Bank announces new carbon pricing coalition co-chair, high-level competitiveness forum
The Carbon Pricing Leadership Coalition (CPLC) on Thursday named a new co-chair, while the group’s managing body the World Bank announced a high-level forum on carbon pricing and competitiveness amid the release of a report on decarbonising the global power and chemicals sectors.
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EUAs drop to 1-week low after breaching support
EU carbon prices fell to their lowest in a week on Thursday as a breach of a technical support level triggered selling despite a stronger auction.
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Lack of technical infrastructure hindering Ontario offset market investment, development
A lack of technical infrastructure and guidance from the Ontario government regarding its compliance offset programme is holding up the first investment and project submissions, according to stakeholders.
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Nova Scotia cap-and-trade participants want auctions, more industry protection
Nova Scotia’s cap-and-trade programme should include auctions not currently part of the province’s market design, while also providing for more industry protection and linkage opportunities, according to stakeholders.
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WRI: What’s changing as countries turn INDCs into NDCs? Five early insights
Some countries aren’t waiting until 2020 to make changes to their national climate commitments. As countries ratify the Paris Agreement, some have decided to revise their INDCs and communicate the changes as part of their first NDCs. WRI provides a summary.
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Global carbon pricing revenues up 45% in 2017 as spending choices differ -report
Revenues raised from carbon pricing policies rose 45% last year to $32 billion, with most coming from taxes rather than trading and no clear trend emerging on where the money is spent, a report found on Thursday.
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China’s State Council approves ETS allocation plan -media
China’s State Council has approved an allocation plan for the power sector’s trial emissions trading system, local media reported Thursday, a sign that the government is on track to launch the simulated market this year as planned.
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China slashes power prices to boost industry, paving way for further reform
China will cut power prices for industrial and commercial users by around 10%, a move likely to squeeze the profits of monopoly grid companies and major generators and pave the way for further power market reforms.
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CP Daily: Wednesday April 18, 2018
A daily summary of our news plus bite-sized updates from around the world.
Categories: Around The Web
ANALYSIS: Ontario, Quebec’s offset rules development back on track, but concerns persist
Ontario and Quebec’s offset protocol development is back on track after a policy debate delayed around half of the 13 being designed, but concerns remain on the approach the provinces have decided to take.
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Environmental Advisor, Air Emissions and Greenhouse Gases, TransCanada – Calgary
Reporting to the Manager, Environmental Governance and Programs, this position will be an integral part of a team responsible for conducting technical analysis on greenhouse gas and air emissions in support of corporate environmental reporting.
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Program Associate, Linden Trust for Conservation – New York City
This is a unique opportunity to join a small, unusually qualified, and highly experienced professional team working on cutting-edge initiatives to advance climate policy in the U.S. in an extremely results-oriented setting.
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Economic and legal headache would follow doubtful Ontario exit from WCI -experts
Although stakeholders believe that Ontario is unlikely to abandon its cap-and-trade programme should the Progressive Conservatives (PC) win the upcoming June provincial election, an exit from the WCI market could yield multiple economic and legal problems.
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EU Market: EUAs rise as buyers step in ahead of compliance deadline
EU carbon prices resumed their upward trajectory on Wednesday despite another weak auction, as traders said buyers were looking to square their positions ahead of the annual compliance deadline.
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Role of ETS in question as EU gears up to revamp long term climate strategy
The role of the ETS in meeting the EU’s long-term climate goals is being called into question all across Europe as Brussels prepares to revamp its strategy underpinning the targets.
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Carbon trader becomes new CEO of Tianjin Climate Exchange
A Beijing-based trader with China Carbon Futures left the company on Wednesday to take up the position of CEO of the Tianjin Climate Exchange.
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Business groups urge leaders to keep Australia’s NEG alive
A group of major Australia's business groups and other organisations on Wednesday urged state leaders to not ditch the proposed National Energy Guarantee (NEG) at a crunch meeting later this week.
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