Carbon Pulse

RGGI’s remaining auctions this year will see total volume decline by roughly 4% from the Q1 sale, after two member states set their allowance allocation levels following the power sector carbon market’s bank adjustment announcement last week, data showed.

Voluntary emission reduction (VER) prices between different exchange-traded products narrowed over the week, while voluntary carbon market (VCM) participants took note of entities tacking on a premium to credits eligible for UN body ICAO’s global aviation offset scheme CORSIA.

EUAs hit €43 on Monday, climbing back towards record levels as higher energy and equity prices helped counter renewed coronavirus lockdown worries in Europe.

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Years after being widely discredited, decade-old Kyoto Protocol offsets from Russia and Eastern Europe are still in circulation in the voluntary carbon market, with nearly 2.6 million sold to companies in the EU and US by an established trading house that said some buyers are seeking the cheapest possible credits.

Utah Republicans restored funding to challenge California’s cap-and-trade programme and emissions performance standing (EPS), with the lawsuit likely to progress this summer, state officials told Carbon Pulse.

The Green Climate Fund approved $1.2 billion in new funding to 15 projects at this year’s first board meeting, including programmes aiming to cut emissions by more than 420 MtCO2e over their life spans.

The Principal Adviser ETS Forestry is responsible for providing intellectual leadership, in-depth analysis and advice on emerging issues affecting forest carbon in the ETS.

This role will be responsible for coordinating engagement research and analysis in alignment with the goals of the Climate Action 100+ corporate engagement initiative.

South Korea will appoint three additional market makers to boost liquidity in its emissions trading scheme, the environment ministry has announced, just days after amending the rules to allow private-sector entities to fill the role.

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

Total assets under management by the newest carbon market ETF have more than tripled since the start of the year, in a further sign of investors rushing to gain exposure in this burgeoning asset class.

WCI compliance entities slightly cut their California Carbon Allowance (CCA) holdings over the previous week, while speculators largely maintained their permits over the period, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

Canada has the potential to become a net exporter of green hydrogen by sparking domestic demand through the development of bus and truck fleets and entering into cooperative agreements with countries like Japan, panellists heard at a virtual conference this week.

EU carbon prices slipped to a one-week low near €41 on Friday, as speculators took profits following another fresh all-time high, wider markets fell, and European power generation margins worsened.

The California-Quebec Q2 cap-and-trade auction will include more allowance supply than the previous quarter due to the reintroduction of unsold carbon permits and higher consignment, according to an auction notice 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 in California and the US Department of Agriculture.  

California Carbon Allowance (CCA) prices will more than double this decade as emissions reductions cannot keep pace with more ambitious cap-and-trade allowance budgets, analysts with a major US investment bank said Friday.

A carbon market veteran who co-founded a major offset investment group nearly two decades ago has joined US-based project developer C-Quest Capital, Carbon Pulse has learned.