Carbon Pulse

EU carbon prices jumped back above €16 on Monday as soaring energy prices and a stronger auction lent bullish support in defiance of warnings from observers about a pull-back in EUAs.

The Office of the Co-ordinator of OSCE Economic and Environmental Activities (OCEEA) deals with economic and environmental issues, operating under the premise that promoting economic prosperity and co-operation on environmental problems can contribute to international security and stability.

An absence of US federal climate action under President Trump has prompted some states to take matters into their own hands, but after almost a dozen failed attempts so far this year, retrospective lawmakers are regrouping and considering more pragmatic approaches to get their carbon pricing bills over the finish line.

**This article is available to non-subscribers** - The future of Ontario’s carbon market has effectively become a two-horse race after the leader of the ruling Liberal party conceded defeat over the weekend.

South Korean carbon allowances weakened slightly on Monday as the government failed to release outright results from Friday’s auction, leaving traders uncertain how to respond.

Australia’s Clean Energy Regulator has cancelled two contracts for delivery of a total 1.67 million carbon credits to its Emissions Reduction Fund.

The delay of China’s national emissions trading scheme is threatening to choke the nation’s fledgling carbon market industry as a majority of companies have put a freeze on new hires and some staffers have been forced to take a pay cut to keep their jobs, according to a new survey.

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

EU carbon prices bounced back above €15 on Friday to claw back much of the previous day’s heavy losses, combining with weaker German power to knock generator profit margins to their lowest in at least a decade.

The EPA’s Scientific Advisory Board (SAB) voted late Thursday to review whether several of the agency’s decisions to repeal or weaken environmental policies such as the Clean Power Plan (CPP) were based on insufficient scientific information, serving as a possible check on Administrator Pruitt’s efforts to scale back GHG regulations.

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.

South Korean allowances slipped further on Friday as the government's auction announcement took some of the edge off the demand rush that has seen prices hit fresh six-month highs earlier this week.

Australia’s Clean Energy Regulator has approved 42 new carbon credit projects over the past two weeks that are now cleared to participate in next week’s ERF auction, potentially tightening competition among bidders.

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

Californian carbon prices continued their slow recovery as nerves subsided after the May 15 sold-out auction, while RGGI trade stalled in a week interrupted by the Memorial Day public holiday.

A new company is looking to expand US carbon offset opportunities in agriculture by taking the "opposite approach" to the current system of protocol development.

The US slapped import tariffs on steel and aluminium from the previously-exempted EU, Canada, and Mexico on Thursday, prompting European producers to urge retaliation against potential cuts to their EU ETS-covered output.

The number of Colombian CERs being cancelled against the country’s carbon tax by big emitters is approaching 1.5 million after another batch was annulled last week.

This position is in the Air & Climate group within the Regulatory Affairs/Energy and Environmental Policy / Environmental Affairs & Sustainability department. The successful candidate will provide key subject matter expertise to executive and senior management on issues related to climate policy and transportation electrification.

We are looking for a self-motivated graduate, with a real desire to drive action on sustainability, to help us cut 20 million tonnes of CO2 and improve 20 million lives by 2020. Working as a key member of the Client Services team in the UK, you will be responsible for managing ClimateCare’s SME accounts and helping to encourage new corporate partners to work with us – taking action on climate change and improving people’s lives.