Carbon Pulse
News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 56 min 34 sec ago
Climate and Clean Energy Manager, Washington Environmental Council – Seattle
Organization: Washington Environmental Council
Position: Climate and Clean Energy Manager
Duty Station: Seattle, WA, US
Deadline for Application: 4 June 2021
Categories: Around The Web
COMMENT: Growing Pains in the UK ETS
The UK ETS has been up and running for more than a week now, and while it might be stretching things to say that we can already see a few trends, there are nonetheless a few interesting developments worth noting.
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Japanese company to sell carbon neutral gas to commercial, industrial customers
Japan’s Nihonkai Gas will start selling carbon neutral gas to its commercial and industrial customers this summer, it said Monday, after announcing its first carbon offset purchase.
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Australia posts 5% drop in GHG emissions in 2020
Australia’s greenhouse gas emissions fell 5% year-on-year in 2020 to their lowest levels in three decades, as the pandemic muted transportation and the share of renewables in electricity production continued to rise.
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CP Daily: Friday May 28, 2021
A daily summary of our news plus bite-sized updates from around the world.
Categories: Around The Web
WCI speculative position rockets to all-time high, as emitters hold first short since spring 2020
Speculators’ California Carbon Allowance (CCA) length surged to an all-time high over the past week, as emitters held a cumulative net short across the V20-22 contracts for the first time since last spring, according to US Commodity Futures Trading Commission (CFTC) data published Friday.
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Euro Markets: EUAs slump to week-low near €50, UK units slip to narrow premium
EUAs slumped to a one-week low just above €50 on Friday to notch a 1.4% weekly loss, while UKAs also sank as it emerged Britain was considering boosting this year's auction supply.
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US Carbon Pricing and LCFS Roundup for week ending May 28, 2021
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 California and Massachusetts.
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Analysts raise EUA price forecasts for 2021-22 as €50 seen as “new norm”
EU carbon will average €50 for the remainder of this year, analysts predict, with a number of bullish factors leading them to raise their forecasts for both 2021 and 2022.
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Nova Scotia considering options for CO2 pricing after 2022
The Nova Scotia government is mulling its options for post-2022 carbon pricing, according to a discussion paper released Thursday, suggesting the Canadian province could choose an alternative to its cap-and-trade scheme going forward.
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UK govt mulling increase to 2021 ETS auction supply
The UK government may significantly increase the amount of carbon allowances to be sold under the country's new emissions trading scheme this year, Carbon Pulse has learned.
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Offset retailer says only a fraction of nature credits meet basic standards
An offset retailer has rejected around 90% of nature-based projects it has examined and is insisting clients buy almost four carbon credits for every tonne emitted from a chosen few initiatives to ensure an effective contribution to climate action.
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Germany selects 62 ‘common interest’ green hydrogen projects
Germany selected 62 green hydrogen projects as eligible for state financing on Friday, with a large share intended to decarbonise the country's energy-intensive industries.
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China limits price movements, off-screen trade levels for ETS -exchange
China will set a 10% limit on daily price movements in its emissions trading scheme, while block trades will have to stay within 30% of on-screen prices, the chairman of the carbon exchange in Shanghai told local media on Friday.
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CP Daily: Thursday May 27, 2021
A daily summary of our news plus bite-sized updates from around the world.
Categories: Around The Web
NA Markets: CCA prices rise before Q2 auction results, RGGI dips on thin volume
California Carbon Allowance (CCA) prices climbed on thin secondary market volume as entities awaited the Q2 WCI auction results, while RGGI Allowances (RGAs) sank to $8 ahead of the programme’s own quarterly sale next week.
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WCI current vintage auction hits all-time high as speculators procure their largest share
The California-Quebec Q2 auction settled underneath the secondary market on Thursday as speculators purchased their largest share ever, while the auction set an all-time high and landed on the upper end of market expectations.
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Euro Markets: EUAs lose further ground amid falling energy, pause in investor inflows
EUAs dropped 3.4% to below €52 on Thursday, with carbon weighed down by weaker energy markets and a perceived tailing off of investor buying.
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EU capitals give green light to financing pandemic recovery fund with carbon revenues
The 27-nation EU’s capitals are on track to ratify by the end of the month a bill that would allow for carbon pricing-generated revenues to pay back the €800 billion COVID-19 recovery fund, with only two countries left to ratify the decision.
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Switzerland to sign next Paris-era carbon offset deal with Senegal -official
Switzerland will soon announce its third bilateral deal under the Paris Agreement’s Article 6 to purchase carbon offsets from Senegal and is undertaking formal and informal discussions with a host of other countries on future arrangements, an official from the European country’s credit procurement agency said Thursday.
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