Carbon Pulse

Fears are mounting that ICAO’s international aviation offsetting mechanism could collapse well before its 2021 start as China backtracks and other nations resist, while the scheme’s rules get severely weakened or delayed by infighting.

The former chief executive of a Canadian conservative media company and provincial gaming corporation was sworn in as Ontario’s new environment minister on Friday, making him a lead actor in efforts to scrap the province's cap-and-trade and reject the federal government’s ‘backstop’ carbon price.

Iceland will probably need to buy carbon credits to ensure it meets its 2020 obligations under the UN Kyoto Protocol, according to the country’s environment minister.

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.

Shanghai has pushed back its compliance deadline to July 31, giving the local ETS participants one more month to fulfill their commitments, the local government said on Friday.

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

US markets were mostly quiet this week as traders looked ahead to the July 4 holiday next Wednesday, though RGGI allowances saw their highest volumes of the year transacted at the end of last week.

Washington state campaigners will submit enough signatures to the Secretary of State’s office on Monday to put a CO2 tax on the state’s November ballot, raising hope that voters can overcome years of unsuccessful attempts to put a price on carbon in the US state.

EU carbon prices fell back to €15 on Thursday, fading in the final hour to stall the recovery in EUAs built up over the past week or so.

The US will clearly miss its Paris Agreement GHG targets even if market forces benefit clean energy and planned federal environmental rollbacks do not move forward, according to a new study published on Thursday.

US-based private fund Climate Trust Capital (CTC) teamed with green group The Nature Conservancy to close its largest carbon credit deal for an improved forest management project in Maine.

South Korea on Thursday released a revised 2030 roadmap for meeting its Paris obligations, scaling back the amount of international carbon credits it plans to buy and instead imposing tougher emission reduction goals on domestic industry.

The UK is falling short in efforts to cut emissions in non-ETS sectors, but should not resort to buying foreign offsets to help meet its binding targets, the country’s climate advisers said Thursday.

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

The UN’s aviation agency ICAO adopted its CORSIA rulebook on Wednesday, snubbing several governments’ calls for changes while giving airlines few additional signals on what offsets they can use to comply.

California regulator ARB doled out more than 619,200 carbon offsets this week in its latest issuance covering all four active project types.

The Pembina Institute is seeking a highly motivated individual to join our team as our Director, Climate Policy. We are seeking someone with a strong background in climate policy, relationships across sectors and a record of influencing policy change.

You will join the Natural Resources team that is working on national, EU and international projects in the areas of energy, environment and climate change. Our activities consist of economic and policy studies (e.g. feasibility studies, cost-benefit analyses, evaluations), consultancy, and project and program management.

Speculators and intermediaries picked up most of Germany’s auctioned carbon allowances last month, government data showed, with installation operators recording their smallest share in more than a year.

The Energy Equity Program Manager will provide leadership and strategic vision for the Energy Equity Program; develop, implement, and manage the Energy Equity program plan; and manage our highly-engaged Energy Equity Committee comprised of CEJA member and partner staff.