Carbon Pulse

Speculators reduced their net length in California Carbon Allowances (CCAs) during the past week, while compliance entities boosted their position and whittled down their overall net short amid the October contract expiry, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

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The US Department of Energy (DOE) on Friday announced a goal to slash the cost of direct air capture (DAC) to under $100/tonne by 2030, saying otherwise nations will not stay within the bounds of Paris Agreement temperature limits.

Germany-based utility Uniper saw its ETS-covered emissions surge during Q3 as some of its coal facilities powered up, while Italy's Enel reported less of a rise in its fossil-fuel fired-generation.

California Low Carbon Fuel Standard (LCFS) values slid further into the $150 range this week as market participants continued to process a bearish data release for the transportation sector programme in Q2.

EUAs once again tested their recent resistance level after failing to breach it conclusively on Thursday, while energy markets were generally firmer as traders prepared to watch for signs of an increase in Russian gas supplies. A Carbon Pulse subscription is required to read this content. Subscribe today to access our unrivalled news and intelligence, […]

Australian carbon credits rose to a fresh high again on Friday, while a study commissioned by the committee safeguarding the integrity of domestic offset units concluded that one of the nation’s biggest-generating methods stands up to scrutiny.

The Intercontinental Exchange (ICE) plans to launch its first nature-based carbon credit futures contract, the world's largest carbon market exchange operator said Friday, marking its first move into the fast-growing voluntary emissions trading space.

Delegates at COP26 in Glasgow are nearing the end of the first week, but with everything still in play on issues such as the future of carbon markets.

There was a significant uptick in allowance and offset trading volumes in China’s market over the past week with the 2019 and 2020 compliance deadline now just six weeks away, but price movement was limited.

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

UN negotiations to finalise a Paris Agreement Article 6 rulebook on international emissions trade ploughed on through Wednesday, with officials ordering a second text to be crafted overnight.

The Irish government has unveiled a new climate change strategy that it said will help it halve the country’s GHG emissions by 2030 and to achieve net zero by mid-century.

Poland's climate minister Anna Moskwa on Thursday confirmed that her country has no intention to bring forward its 2049 coal exit date despite signing on to a global pledge to consign the fuel to history.

High-level initiatives promoting ‘near-zero steel’ at COP26 talks this week have helped shift discussions away from technology-agnostic emissions targets, with a growing club of supportive nations showing signs of a parallel push to impose border measures on dirtier producers.

EUAs broke above persistent resistance to reach a three-week high near €61.50, but selling once again emerged to push prices back to the €59-60 range they have occupied for much of the past few weeks.

California Carbon Allowances (CCAs) ripped to a new all-time high this week as options activity heated up close to the 2021 WCI auction reserve price, while RGGI Allowance (RGA) values experienced a volatile stretch as Virginia voters elected a Republican governor and House of Delegates.

GHG output under California’s WCI-linked carbon market plunged 10% in 2020 as impacts of the COVID-19 pandemic weighed across economic sectors, according to data posted by state regulator ARB on Thursday.

The world is on track to limit warming to 1.8C this century as updated national pledges and joint commitments to slash methane emissions ratchet down GHG projections, the IEA said on Thursday, the first time the Paris Agreement goal has come within reach.

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