Carbon Pulse
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News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 45 min 19 sec ago
Australia’s biggest emitters see slight drop in GHG output
Facilities covered by Australia’s National Greenhouse and Energy Reporting (NGER) scheme saw a 3% year-on-year drop in their GHG output for FY2019-20, with utility AGL remaining the nation’s biggest emitter by far at more than twice the amount than the next on the list.
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CP Daily: Wednesday February 24, 2021
A daily summary of our news plus bite-sized updates from around the world.
Categories: Around The Web
California hands out 2.2 mln offsets as forestry projects take lion’s share
California issued more than 2.2 million compliance offsets this week, with forestry projects located outside the Golden State bringing home the vast majority, according to data published by state regulator ARB on Wednesday.
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WCI current vintage auction sells out for second consecutive quarter
The Q1 California-Quebec current vintage auction cleared to enable unsold carbon permits to return next quarter, while the advance auction went fully subscribed for the first time since the WCI programme expanded to include the transportation fuel sector, according to results released Wednesday.
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LCFS Market: California prices inch up into PG&E auction
California Low Carbon Fuel Standard (LCFS) credit values ticked up this week as Pacific Gas & Electric (PG&E) held a credit solicitation, with market participants saying the movement bucked the usual price trend going into the utility’s auctions.
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Nova Scotia targets 80% renewable energy by 2030
Nova Scotia is aiming to double its renewable energy target by the end of the decade, new Premier Iain Rankin announced Wednesday, in a move that could factor into the future trajectory of the Canadian province’s annual carbon market caps.
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EU Midday Market Briefing
EUAs edged down below €38.50 early on Wednesday, with observers eyeing an afternoon recovery for the third straight day and a potential return to record levels above €40, as data showed speculative funds reduced their long positions last week.
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Spanish utilities report drastic drops in thermal output, Polish firm writes down coal assets
Iberdrola and Endesa saw drastic drops in output from EU carbon market-covered facilities last year, the two companies said in annual earnings released Wednesday, while Poland's Tauron announced plans to write down coal assets.
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S&P Global Platts, Viridios team up on AI-driven carbon offset pricing
S&P Global Platts and Australia-headquartered Viridios Capital have signed an MoU to develop indices for voluntary carbon credits driven by artificial intelligence software.
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CP Daily: Tuesday February 23, 2021
A daily summary of our news plus bite-sized updates from around the world.
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California may fall short of 2030 GHG goal without steep fuel sector abatement, audit finds
California risks missing its 2030 climate goal unless it can drive faster emissions reductions from the transportation sector, while regulator ARB may be overstating carbon abatement resulting from incentive-based programmes and its economy-wide cap-and-trade scheme, a government audit found.
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Analysts warn speculator-fuelled EUA price pullback could stand in way of new highs
EU carbon prices are set to climb to new record heights in Q2 as European lawmakers unveil a suite of bullish market reforms, but softening fundamentals could see a speculator-fuelled pullback before that, two teams of analysts warn.
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Colombia to propose carbon tax on coal in March -report
The Colombian government next month will introduce legislation to impose a CO2 tax on coal-fired power, expanding the reach of the country’s existing $5/tonne carbon fee, a media outlet reported Tuesday.
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Lower demand, higher supply leading to wider California ‘Golden’ Offset premium
The premium for California Carbon Offsets financially backed against invalidation is rising amid increasing supply and lower demand during the COVID-19 pandemic, while participants continue to question whether an influx of buying will occur this year.
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Quebec organisation launches impact investment fund for forest carbon credits
Ecosystem restoration organisation Viridis Terra International launched a sustainable impact investment fund on Tuesday, targeting a 7% average annualised return on its initial batch of Peruvian forestry projects that will generate carbon credits and sustainable commodities.
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EU Market: EUAs make another late surge for near 2% gain
EUAs rose late for the second straight session on Tuesday, supported by a resurgent energy complex as prices get nearer to their record levels reached earlier this month.
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Environmental commodities shop STX buys EU carbon brokers Vertis
Environmental commodities trading firm STX Group has reached an agreement to buy a majority stake in Budapest-based rival carbon brokers Vertis, the companies announced late Tuesday.
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Australia Market Roundup: Regulator nears 90 mln issued ACCUs as prices remain near multi-year high
Australia’s Clean Energy Regulator has issued over 180,000 carbon credits in its latest round, as secondary market offset prices remain stable after earlier this month hitting their highest since the dismantling of the carbon pricing mechanism.
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CP Daily: Monday February 22, 2021
A daily summary of our news plus bite-sized updates from around the world.
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Registry Administrators (x2), Verra – Washington DC
Verra is seeking two Registry Administrators to handle all day-to-day registry functions of the newly in-housed Verra Registry.
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