Carbon Pulse
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News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 1 hour 29 min ago
EU Market: EUAs end little changed after 4% rise unravels
EU carbon prices rose nearly 4% on Wednesday to test Monday’s one-month high, but profit-taking and technical selling caused the day’s gains to completely unravel, traders said.
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EU power demand back to pre-COVID levels during Q3, says utility E.ON
Power consumption in EU energy firm E.ON’s markets reached last year’s levels during the second half of Q3, the company said in its quarterly results on Wednesday.
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Australia’s Woodside eyes large-scale offset portfolio to meet emissions target
Oil and gas firm Woodside told investors on Wednesday it aims to develop a large-scale carbon offset portfolio to 2030 to meet new emissions targets, and has identified the potential to store as much as 3.4 billion tonnes of CO2e underground.
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NZ to face ‘shocking’ carbon budgets, more ambitious Paris contribution – Shaw
New Zealand’s Climate Change Commission is expected to recommend an increase in the country’s Paris target, according to climate minister James Shaw.
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Shipowners urge creation of global R&D fund as report shows scale of zero-carbon fuel needed
The coming decade will be crucial for mobilising funds for zero-carbon shipping fuels, an industry report released Wednesday said, renewing calls for the creation of a $5 billion R&D fund to help the maritime sector decarbonise.
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SK Market: Oversupply stunts interest at South Korea CO2 auction
South Korea on Wednesday sold just over half the allowances on offer at its monthly KAU auction, with prices coming in well below secondary market levels as expectations about oversupply tamed interest.
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NZ Market: NZUs edge up to fresh record highs amid tight supply
New Zealand carbon allowances have inched up to all-time high levels again as supply remains tight with sellers happy to wait and see where prices go once the ETS reform kicks in next year.
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CP Daily: Tuesday November 10, 2020
A daily summary of our news plus bite-sized updates from around the world.
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Three more California offset projects seek LCFS pathways
A trio of California-based dairy digesters are seeking biogas-to-electricity pathways under the state’s Low Carbon Fuel Standard (LCFS), continuing the year-long trend of projects shifting over from the California Carbon Offset (CCO) market.
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Alberta offset prices reach record highs after govt confirms C$40 TIER price
Alberta carbon offset values surged by 20% in recent days after the provincial government confirmed that the excess emissions charge under its Technology Innovation and Emissions Reduction (TIER) programme will rise by C$10 next year, matching the increase in Ottawa’s CO2 pricing mandate.
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Dominion Energy sets annual RGGI carbon allowance target and hedging strategy
Utility Dominion Energy plans to build a RGGI allowance bank and cover roughly a fourth of its annual obligations via quarterly cap-and-trade auctions, with the Virginia-based company aiming to recouping these costs on electricity bills, according to newly published documents.
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EU Market: EUA recede for inside day following vaccine rally
European carbon prices receded on Tuesday, pulling back slightly after Monday's huge COVID vaccine-fuelled rise amid supply pressures and fundamental weakness from milder weather.
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Ukraine to launch emissions reporting system in 2021 -media
Ukraine will launch a system for monitoring, reporting, and verification (MRV) of emissions in 2021, the country’s environment minister announced on Tuesday, a milestone in the design of a national carbon market.
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EU seals deal for €1.8 trillion budget and recovery fund with tighter climate scrutiny
EU negotiators agreed on Tuesday a deal for the bloc’s €1.074 trillion seven-year budget and a €750 billion coronavirus recovery fund, with tighter scrutiny for climate spending part of the final package.
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Utility CEZ reports 17% drop in coal output, seals arm’s length coal power supply deal
Czech utility CEZ continued to be less heavily hedged than in recent years over Q3, while its relatively resilient coal generation is set to tumble next year following a deal to sell its biggest facility.
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California power emissions increase for second straight month on hotter weather
California electricity sector CO2 output rose year-on-year for the second consecutive month as a September heatwave broke weather records across the Golden State, California Independent System Operator (CAISO) data showed.
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Head of Carbon Markets, Scottish Government – Edinburgh
The post will lead on the Scottish Government's policy for industrial climate regulation – developing and implementing new regulations post-EU Exit that cover several areas that originated from EU law - carbon pricing / emissions trading, and regulation of Fluorinated Greenhouse Gases (F-gas) and Ozone Depleting Substances (ODS).
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Utility Uniper sees CO2 output fall 11%, as coal plant launch slows decarbonisation
German utility Uniper reported an 11% year-on-year drop in EU-based CO2 output for the first nine months, though the opening of the Datteln coal plant slowed its decarbonisation efforts, according to quarterly results published on Tuesday.
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Carney taskforce seeks exchange listings for voluntary offsets
The voluntary carbon market should be standardised to allow credits to list on exchanges to help massively scale up and meet Paris Agreement climate goals, according to a consultation launched Tuesday by private sector taskforce steered by UN climate finance envoy Mark Carney.
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CP Daily: Monday November 9, 2020
A daily summary of our news plus bite-sized updates from around the world.
Categories: Around The Web