Carbon Pulse

Cargo: Especialista en Economía y Finanzas Sostenibles Proyecto: Proyecto de Pago por Resultados de REDD en Paraguay Lugar de Destino: Asunción, Paraguay Sección/Unidad: UNEP ROLAC REDD UNIT

South Korean carbon permits fell another 8% on Friday to hit their lowest since Dec. 2015, as sellers remained desperate to offload KAUs to boost the number of allowances they can bank into next year.

China’s emissions trading market will likely see modest prices of around 40 yuan ($6.21) initially due to oversupply, quickly rising in the second half of the decade as the scheme is gradually tightened and more sectors brought in, analysts said Friday.

The Philippines Department of Finance is backing an intensity-based emissions trading scheme initially limited to the power industry, rather than a carbon tax, according to reports in local media.

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

California and Quebec regulated entities are expected to turn in a lower number of offsets than previously forecast for the upcoming third compliance period of the WCI cap-and-trade programme, analysts said Thursday.

Dominion Energy has asked the Virginia State Corporation Commission (SCC) to approve its RGGI rate request next month, while an environmental group continued to advocate for more long-term analysis of carbon market compliance options despite the utility’s pushback. 

California Carbon Allowance (CCA) prices set a new all-time high this week before retracing slightly on lower activity, while RGGI permits inched up on thin trading volumes despite few near-term drivers.

Rabobank intends to launch its marketplace for carbon credits generated from sustainable agricultural practices early next year, the CEO of its newly-launched Rabo Carbon Bank told Carbon Pulse.

European carbon prices dipped on Thursday on another weak auction result and as supply concerns continued to weigh.

Ministers from 40 nations will aim to advance international emissions trade talks on the Paris Agreement’s Article 6 next month, after scant progress by officials during a three-week virtual UN meeting.

Fossil fuel companies TC Energy and Pembina Pipeline Corporation announced their plans to implement a CO2 transportation and sequestration system across Alberta on Thursday, with the goal of storing 10% of the province’s yearly industrial emissions.

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The voluntary carbon market is supposed to be saving the world. Instead many carbon credit retailers are lining their pockets, warns market veteran and Redshaw Advisors founder Louis Redshaw.

Egypt is poised to host next year’s UN climate summit after receiving endorsement from the African Group of Negotiators on Climate Change (AGN) this week, according to government officials and media reports.

European NGOs are calling for the EU to phase out gas by 2035, as the 27-nation bloc is finalising major pieces of legislation that will set energy and climate policy for the decades ahead.

South Korean carbon permits slumped 9.7% in Thursday trade to hit their lowest levels since Feb. 2016, as buyers are faced with a market flush with supply.

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

California Carbon Offset (CCO) discounts are widening as California Carbon Allowance (CCA) prices spike amid a flurry of speculative interest, with some traders observing limited demand for credits.