Carbon Pulse

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

Oregon officials are considering potential revisions to the state's Clean Fuels Programme (OCFP) that would align more closely with potential changes to California’s Low Carbon Fuel Standard (LCFS), a meeting heard on Monday.

The rest of the world should retaliate against the US’ escalating trade tariffs with carbon border adjustments rather than tit-for-tat countermeasures, according to researchers.

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Working from our office in Covent Garden, you will bolster CHN’s coverage of the global politics and impacts of climate change. This is a full-time role, reporting to the editor-in-chief.

Allocations of free carbon allowances to new and expanding companies in the EU ETS continue to stagnate, with just over two years to go until the potentially hundreds of millions of unused EUAs are moved a step closer to cancellation.

European carbon prices dropped back on Monday to settle below €16 for the first time in over a week as a weak auction dissuaded buying in another quiet session.

Shanghai will offer 2 million carbon allowances in an additional auction on July 31 to help local emitters comply with the municipal cap-and-trade programme amid a dearth of supply.

The EU and China on Monday signed a strategic partnership that included a renewed commitment to cooperate on carbon markets, a further sign that China intends to go ahead with its national emissions trading scheme despite delays and government restructuring.

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

Restricting the use of carbon offsets in the post-2020 California carbon market may contribute to emitters' annual compliance costs rising by more than $50 million, according to a preliminary analysis from state regulator ARB.

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.

The Massachusetts House of Representatives passed a weaker Renewable Portfolio Standard (RPS) increase on Thursday than a previous version approved by the Senate in June, while the upper chamber’s omnibus clean energy bill with carbon pricing did not come to a vote.

EU carbon prices were little changed in quiet trade on Friday, ending just above €16 following one of the weakest auction results of the year but managing to hold onto a modest weekly gain.

France and Germany this week agreed to build a common position on carbon pricing ahead of December’s UN climate talks while advancing work on closer energy ties.

US-based electric utility Eversource will “pursue all available options” to build its international hydroelectric transmission line after a New Hampshire state committee on Thursday denied the company a rehearing on the project.

Australia’s Clean Energy Regulator this week issued over 77,000 offsets to the Director of National Parks, the first time the agency has earned credits for its efforts to control savanna fires.

The price rise in New Zealand’s carbon market continued Friday as allowances hit the NZ$22 mark for the first time in the market’s 10-year history.

Hong Kong is planning to launch a carbon crediting scheme for its building sector that could generate 2.5 million credits a year and is developing a blockchain-based trading platform to create a domestic market, according to government officials.

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