Carbon Pulse

New Zealand fuel supplier Z Energy has bought nearly 60,000 voluntary carbon credits at prices higher than in the nation’s mandatory ETS to offset its operational emissions.

The goal of the new position is to become an integral part of Cap-Op team with primary contributions to existing lines of business and representing Cap-Op to clients, government and NGO bodies.

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EU carbon prices rebounded from a morning dip to end Friday within reach of the previous session’s one-month high, as the ongoing heatwave boosted prospects for an uptick in utility demand.

Norway’s state-owned oil and gas producer Equinor has acquired Danish energy trading firm Danske Commodities (DC) for €400 million euros ($470 mln), it announced Friday.

Voters in Arizona will decide in November whether to endorse a marked increase in the US state’s Renewable Portfolio Standard (RPS) after campaigners turned in more than double the necessary signatures for the ballot initiative on Thursday.

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.

Australia’s Clean Energy Regulator has issued 367,879 carbon credits over the past two weeks, with a NSW-based forestry scheme earning nearly a third of the volume.

China has launched a carbon trading scheme to improve fuel efficiency for vehicles and boost the production of so-called new energy vehicles (NEVs), though the government’s own data shows the market will be over-supplied in its early years.

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California and RGGI prices were largely static this week as the summer holiday season kicked off in earnest with the July 4 US holiday.

Embattled US EPA Administrator Scott Pruitt resigned as leader of the country’s environmental office on Thursday after a multitude of political and financial scandals, with deputy administrator and former coal industry lobbyist Andrew Wheeler slated to become the acting agency head on Monday.

The number of RGGI allowances held for compliance purposes declined in the first quarter of 2018 as the northeast US carbon market’s latest true-up deadline arrived March, according to a report by market monitor Potomac Economics.

EU carbon prices will retest last month’s seven-year high by the end of the year before hitting €20 in 2020, according to a poll of analysts conducted by Carbon Pulse.

European carbon prices reached their highest level in a month on Thursday as continued rises in power spurred buying in anticipation of increased demand from utilities for the rest of the summer.

Colombia will spend at least three years studying ways to impose an ETS in the country, a government official told Carbon Pulse on Thursday, dimming prospects of a rapid launch of emissions trading following lawmaker clearance last week.

The former head of environmental products trading at oil major BP has left to set up a US-based firm specialising in biofuels and forest carbon assets.

The Energy and Climate Policy Associate supports The Nature Conservancy's conservation goals by communicating a clear vision and strategy designed to broaden support in Virginia for action on energy policy to address climate change.

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EU carbon prices reached their highest in almost three weeks on Wednesday as a strong auction stirred hopes that EUAs could climb back above €16.