Carbon Pulse

Malaysia plans to launch a domestic emissions trading market late next year, beginning with voluntary offset trade before rolling out an ETS at a later date, the country’s environment minister said Wednesday.

Inpex, Japan’s largest oil and gas operator, has signed four separate carbon neutral gas agreements with local Japanese gas and power companies, the company has announced.

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

The New Zealand government on Wednesday sold all the allowances on offer in its quarterly NZU auction at a record high price, immediately pushing the secondary market into unchartered territory.

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A California independent advisory committee laid out options on Tuesday for how the state’s cap-and-trade programme could better align with climate targets while highlighting issues such as carbon border measures and the spike of non-compliance trading, as it debated its annual recommendations.

A UK government fund to award clean industry innovation could have a modest impact in driving down emissions in ETS-covered sectors if all companies adopted the technologies, programme data results released on Tuesday suggested.

The UK ETS Authority will announce by Dec. 14 how it will respond to a three-month rise in UK Allowance prices that has taken the market above the threshold for possible intervention, the regulator said late Tuesday.

The incoming German coalition government on Tuesday appointed the head of environmental think-tank Agora Energiewende as the top official in the new administration's beefed-up economy and climate ministry.

The EU should focus on cutting methane emissions from foreign energy producers while improving monitoring of its own relatively smaller output, EU sources said on Tuesday, outlining the bloc's upcoming plans to help meet the aims of the recently adopted Global Methane Pledge.

The quarterly RGGI auction on Wednesday is set to clear at a new peak after allowance prices soared this fall, though a retracement following a surprising WCI sale result last week has left traders with mixed thoughts on whether bids will be high enough to trigger the programme’s Cost Containment Reserve.

Nova Scotia’s fourth cap-and-trade auction cleared failed to sell out and cleared at the scheme's price floor, the provincial government announced Tuesday.

UN aviation body ICAO’s Council has rejected all three of this year’s applications for eligibility under its CORSIA carbon offsetting scheme, failing to add the land-based initiatives to the seven programmes approved to date to provide airlines with a supply of carbon credits.

EU carbon prices were firmer in early Tuesday trading as fundamental factors supported the market and energy prices continued to forge higher.

ICE is set to revamp its carbon price index to include UK emissions allowances, and will offer a new futures contract to track it.

Sinopec, China’s state-controlled oil refining, gas, and petrochemical giant, has begun construction of a green hydrogen facility in Xinjiang, the company said on Tuesday.

One of China’s most energy intensive provinces is drafting regulations that would require industrial companies to slash existing emissions before they can develop new projects.

Australia on Tuesday announced a pilot scheme that will show big emitters’ progress towards their voluntary emissions commitments, including the use of carbon credits. 

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