Carbon Pulse

CWP Energy is active in all North American physical & financial electricity markets since 2012. Backed by a team of renewable energy specialists, our business is underpinned by robust risk management, market experience and analytical capability.

EUAs briefly slipped below €28 as full-sized auctions returned early on Tuesday, retreating further from Monday's stint above €30 in defiance of bullish expectations and a more positive macro economic outlook.

All 113 companies participating in Tianjin’s pilot emissions trading scheme met the 2019 compliance deadline this week, the municipal government announced Tuesday, after an extra auction for struggling firms last week and record trading volumes in recent months turned up sufficient supply. 

The Queensland state government in Australia has offered A$93 million ($68.7 mln) to 21 carbon offset project applicants under the first investment round of its Land Restoration Fund, Premier Annastacia Palaszczuk said Tuesday.

Companies may not utilise Alberta offsets for 2019 obligations under Ottawa’s ‘backstop’ output-based pricing regulation (OBPS) because of a lack of available credits, quick turnaround to surrender units ahead of the inaugural compliance deadline, and differing CO2 pricing levels, traders and analysts said.

A global trading firm opened a RGGI CO2 Allowance Tracking System (COATS) account this week, representing the 10th new speculator and latest financial entity to transition into the Northeast US power sector carbon market after participating in WCI cap-and-trade programme.

California fuel consumption rebounded in May after hitting historic lows during April, but the year-to-date total remains significantly below 2019 due to the COVID-19 pandemic, according to state data released Monday.

Australia’s Clean Energy Regulator has relinquished nearly 100,000 carbon credits after project owners initially submitted misleading data.

This role will partner with Orica’s global regions and business functions to facilitate change by driving accountability and implementation of the company Climate Change Strategy.

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

Speculators’ California Carbon Allowance (CCA) positions rose by the largest amount since the COVID-19 pandemic began, as compliance entities held positions firm following the Q3 auction results, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

Most functionality in the EU ETS registry system has been restored after last week's outage, the European Commission announced late Friday, though transactions in Kyoto Protocol credits remains impacted.

The Carbon Market Analyst, Economist, works closely with a team of professionals to implement Nova Scotia’s cap and trade program. As the Analyst you use your knowledge and experience in carbon pricing programs, carbon markets, and other climate change policies to support the reduction of greenhouse gas emissions. 

California Low Carbon Fuel Standard (LCFS) prices are holding steady over the second half of August, with credit values failing to decrease much further after several oil majors revealed plans to explore converting their facilities to biofuels production.

California Carbon Offset (CCO) prices are declining on the secondary market as fewer compliance buyers participate and sellers look to unload volume before post-2020 alterations to the state's cap-and-trade programme take effect, sources told Carbon Pulse.

Want to make a quick buck – or should we say a quick euro?  When the Financial Times runs its next piece on EU carbon allowances, trade them immediately.

As the EU seeks to adopt a tougher 2030 GHG target by year-end, a carbon market for sectors not yet covered by the EU ETS would give a much-needed price signal to reduce emissions, German Chancellor Angela Merkel said on Friday.

EUAs climbed as much as 5.5% on Friday, hitting a fresh six-week high within a few cents of €30 as French nuclear outages lifted the energy complex.

Allowance auctions in Shanghai and Tianjin on Friday both cleared at their price floors near secondary market prices, with the Shanghai sale reversing failures in previous years to go over-subscribed.

Prices, ranges and volumes for China's regional pilot carbon markets this week.