Carbon Pulse

ICE Futures Europe will delist its Phase 4 EU Allowance daily futures at the end of April as the current bifurcation seen in the European carbon market dissipates, with the bourse modifying its Phase 3 contract to offer trade in EUAs from either period.

Poland expects to reduce its EU ETS-covered emissions 10.3% by the end of the decade, according to an energy strategy published late Wednesday that would keep coal in use far longer than experts say is needed to curb global warming.

Spot commodities exchange and market data firm Xpansiv launched a nature-based version of its Global Emissions Offset (GEO) on Thursday, building on the firm’s spot and futures offerings of its CORSIA-aligned carbon credits.

New Zealand lawmakers have adopted a confidential reserve price mechanism for carbon permit auctions that observers say creates greater uncertainty and adds unnecessary risk of a failed sale.

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

California Carbon Allowance (CCA) prices could rise toward the end of the decade due to the WCI cap-and-trade programme’s tightening CO2 caps, although state and federal climate action could reduce permit demand and potentially undermine the effectiveness of the scheme, analysts said Wednesday.

EU lawmakers adopted a non-binding report on the prospective carbon border adjustment mechanism (CBAM) by a broad majority on Wednesday, but only after striking out text about removing industry's free allocation of EU carbon allowances.

Tax credits, cheaper renewables, and clear government guidance will be key to accelerating US Secretary of Energy Jennifer Granholm’s vow to scale long-neglected efforts to promote decarbonised hydrogen, an expert panel heard this week.

Registration for the UK’s new emissions trading registry will open on Apr. 6, the government announced late Wednesday, as it outlined the onboarding process.

EU carbon has a new cheerleader.  A major investor and one of the biggest names on ‘financial Twitter’ (or FinTwit as its followers call it) has said EU Allowances are the “greatest macro trade no one is involved in”.

The California Low Carbon Fuel Standard (LCFS) price ceiling will increase nearly 2% this spring, according to federal data published Wednesday, but current credit values on the secondary market remain well below this level.

Quebec is exploring the feasibility of five additional offset protocols to help boost the supply of credits in its WCI-linked cap-and-trade programme, the government said on Wednesday, days after it announced amendments to the carbon market regulation to ease the approval of new methodologies.

Fourteen national and regional environmental advisory bodies have backed a European Parliament call for the EU to have its own expert Climate Change Council, a show of support that could help seal a compromise in negotiations to finalise the bloc's Climate Law.

At least three Empire State-based RGGI facilities could face some penalties for failing to comply with the cap-and-trade programme’s triennial compliance deadline last week, potentially forcing the utilities to surrender additional allowances, New York officials confirmed to Carbon Pulse.

EUAs extended their record high for a second straight day on Wednesday, rising to near €42 amid supportive energy prices, as trading data showed some types of firms had amassed record-sized positions while more financials were following investors into the market.

Issuance of Australian carbon credits are expected to increase by more than 6% this year, while domestic emitters are set to retire over 1 million domestic offsets for voluntary purposes for the first time, though that number remains well below the use of international units, the Clean Energy Regulator said Wednesday.

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

Canadian e-commerce company Shopify on Tuesday announced a contingent forward agreement to purchase direct air capture (DAC) CO2 removals via a new service from British Columbia-headquartered Carbon Engineering, in what the companies said was the largest publicly announced corporate procurement from the technology to date.

Impact investor Capricorn has taken a stake in a UK-based financier helping the venture to build a pool of nature-based offsets intended to be sold to buyers under long-term contracts.

A major investment firm opened an additional RGGI CO2 Allowance Tracking System (COATS) account this week after hiring a new environmental trader earlier this year, data showed this week.