Carbon Pulse

Large RGGI emitters took different approaches to the power sector cap-and-trade programme over the second quarter, with some regulated entities adding length as allowance prices rose and others trimming holdings, according to quarterly reports.

Carbon prices extended their gains for a third day amid quiet trading early on Tuesday, supported by higher gas prices amid production outages at a North Sea field.

Zhangjiakou, the northern Chinese city that will co-host next year’s Winter Olympics, is busy putting in place the nation’s largest green hydrogen capacity, though experts predict China's push to develop the fuel will take years to make an impact.

The spot price for New Zealand carbon allowances has risen above NZ$50 ($34.54) after the government announced changes to the ETS settings from next year, firming expectations that next week's NZU auction will tap into the 7-million cost containment reserve.

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

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Standardised voluntary emissions reduction (VER) values retraced from record highs on the spot and futures markets last week, as traders and project developers thought the swift rise in voluntary carbon market (VCM) prices over the late summer months was due for a step back.

California gasoline usage rose slightly in June as pandemic restrictions were removed, but the Golden State’s fuel demand stagnated against historic levels despite the month-on-month gains, according to federal data.

Australia’s Clean Energy Regulator has handed out more than 150,000 new carbon credits, taking the nation’s total issuance above 99 million, while a study released Monday found the number of ASX200 companies that have set net zero targets almost tripled over the past year.

Carbon prices rallied strongly on Monday morning amid firmer natural gas, as speculative buyers accumulated positions ahead of a key court decision on the Nord Stream 2 pipeline.

Australia wants to kick off next year with a scheme that will award carbon units to industrial facilities under the Safeguard Mechanism that reduce their emissions intensity.

Taiwan’s Environmental Protection Administration (EPA) will include a carbon tax proposal in the ongoing revision of its greenhouse gas legislation, in the hope this will save Taiwanese exporters from impacts from the EU’s proposed carbon border adjustment mechanism (CBAM).

New Zealand will increase the cost containment reserve trigger level at NZU auctions from next year, while the emissions cap in the ETS will be lowered compared to previous plans from 2025, the government announced Monday.

Australia needs to start implementing policies that will reduce emissions to put itself on a path to net zero by 2050, and an overhaul of the Safeguard Mechanism would be instrumental in cutting carbon from the industrial sectors, according to a report due to be published on Monday.

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

Entities regulated in the California-Quebec cap-and-trade scheme unloaded California Carbon Allowances (CCAs) in the days leading up to the Q3 WCI auction, while financial firms kept their holdings nearly unchanged, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

A summary of legislative and regulatory action on carbon pricing, clean fuel standards, and clean energy at the US subnational and federal level this week, including developments in Pennsylvania and California.

US biofuel credits (RINs) markedly declined for the second consecutive day on Friday, as market participants said refiners were on the offer and that the EPA might soon propose lower biofuel volumes for this year under the Renewable Fuel Standard (RFS).