Carbon Pulse
News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 16 min 51 sec ago
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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EUA prices could dip towards €11 if investor interest cools -analysts
EU carbon prices could dip back to as low as €11, some 22% below recent highs, if investors cool their recent interest or opt to take profits from selling EUAs bought at much lower prices, ICIS analysts said on Thursday.
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Productivity Commission backs agriculture in NZ ETS, urges ramped-up carbon price
New Zealand’s Productivity Commission on Friday urged the government to bring agriculture into the emissions trading scheme, and pave the way for carbon prices to grow almost tenfold over the next three decades in case new technologies are slow to emerge.
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Environmental Advisor, Ontario Power Generation – Oshawa
Reporting to the Section Manager, Refurbishment Environment, the role of Environmental Advisor offers a unique opportunity to provide strategic environmental direction. This role is responsible for delivering technical and consultative services on environmental related matters to nuclear facilities.
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EU Market: EUAs jump to 1-week high on massive auction premium
EU carbon prices jumped to a one-week high on Thursday after the day’s auction cleared at the largest premium to the secondary market in nine months.
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EU carbon prices set to double by 2021, could hit €55 before 2030 -report
EU carbon prices are set to double from current levels by 2021 and could quadruple to €55 before 2030 if lawmakers align the ETS’ emissions reduction trajectory with the goals of the Paris Agreement.
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CP Daily: Wednesday April 25, 2018
A daily summary of our news plus bite-sized updates from around the world.
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ARB resumes California offset issuances as forestry fails to register
California regulator ARB doled out just over 275,500 California Carbon Offsets (CCOs) this week following the zero issuance recorded earlier this month, with normally high-yielding forestry projects not receiving any credits for the first time since December.
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Turkey’s coal-stacked bank Garanti plans to raise its shadow carbon price
Turkish bank Garanti outlined its shadow carbon pricing strategy on Wednesday, though the partial approach may fall short of addressing the company's ongoing investments in coal plants.
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Higher EU carbon prices helping slow global warming pace, says fund manager
Higher EU ETS prices have helped slow the expected pace of global warming, according to London-based fund managers Schroders on Wednesday.
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France says carbon prices must rise faster as some EU nations eye higher ambition coalition
EU carbon prices are not rising to more elevated levels fast enough, France said on Wednesday after meeting with a small group of member states, reiterating its call for a bloc-wide carbon price floor starting with Europe's power sector.
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EU govts rake in the cash as monthly carbon sales top €1 billion
Monthly revenues from EU carbon allowance auctions have for the first time topped the €1 billion mark, providing a major funding injection for governments as EUA prices hold near seven-year highs.
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Energy exchange EEX’s European CO2 trading revenues jump as volumes soar
German-based energy exchange EEX increased turnover from its European environmental markets business by more than 50% in financial year 2017 after posting a sharp rise in secondary market CO2 trading volumes.
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