Carbon Pulse

The Northeast US RGGI ETS saw minimal emission changes in the second quarter of 2020 compared to last year, despite much of the region issuing statewide ‘shelter-in-place’ orders that shuttered industrial sites, schools, and office buildings, according to data published Friday.

ALLCOT is looking for a AFOLU manager. This vacancy offers a long-term career opportunity within the organization, includes the management and leadership of a nine-person team that tends to increase, development of an internal quality control system for projects, and development of new partnerships with sectorial entities.

This vacancy offers a long-term career opportunity within the organization, includes the management and leadership of a growing team of nine people, support to the AFOLU Manager in the direction of the area, development of an internal quality control system, for projects and development of new partnerships with sector entities.

EU carbon prices are forecast to soar into a new upper echelon above €30 next year amid tightening supply and recovering demand, but they first must endure the second half of 2020, which is rife with bearish risk, analysts said.

Delta Airlines significantly curtailed buying carbon credits against its 2019 emissions due to the financial impact brought on by the coronavirus outbreak, the carrier said in a report published Friday.

French utility Engie advanced its power hedging over Q2 but still lagged its position of a year earlier while overall generation slipped over the first half, it said in financial results on Friday, unveiling an asset review programme intended to allow the company to focus more strongly on renewables.

The Irish government must take a more ambitious approach to achieve its climate targets, the country’s supreme court said on Friday, the world’s second citizen-led ruling to succeed in forcing more aggressive national emission cuts.

Major EU airlines have seen their passenger capacity and traffic shrink to minimum levels in Q2 as a result of the COVID pandemic, despite signs of timid recovery amid easing restrictions and the start of the summer period.

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

Friday marked the deadline for South Korean companies to comply with their 2019 targets under the nation’s emissions trading scheme, but minimal demand in the over-supplied market led to prices falling to levels not seen since Dec. 2016.

Australia’s Clean Energy Regulator has issued a new batch of emission baselines under the Safeguard Mechanism, increasing the amount of CO2 discharges allowed from several large industrial facilities.

The "Sino-German Cooperation on Climate Change" (SGCCC) acts as platform for exchange on NDC implementation and climate governance between the Chinese and German national climate departments.

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

California’s Low Carbon Fuel Standard (LCFS) credit bank will shrink by an estimated 4% in the first quarter of the year due to a more stringent carbon intensity (CI) reduction benchmark, though a drop in gasoline demand from the coronavirus pandemic will limit the damage, analysts said Thursday.

EU utilities advanced their hedging position over the second quarter even as their ETS-covered output slumped considerably as coronavirus restrictions took effect, according to financial results published on Thursday.

RGGI allowance (RGA) prices surged to a four-year high on the secondary market this week on increased compliance buying, while California Carbon Allowance (CCA) values slid despite more trading activity.

Pennsylvania Senate Minority Leader Jay Costa (D) unveiled Thursday a bill to implement a power sector ETS that could link with the RGGI programme, a rebuttal to other state lawmakers’ attempts to stop Governor Tom Wolf (D) from joining the Northeast US carbon market.

A new US-listed exchange-traded fund (ETF) that tracks carbon prices in three markets was launched Thursday, allowing retail investors for the first time to hold cross-continental stakes in cap-and-trade schemes.

Some of the EU’s largest cement and steel producers have seen production rebound late in H1 following initial coronavirus lockdowns in Q1, but they say prospects of a second virus wave make their outlook for the rest of the year impossible to predict.

EUAs fell below €26 on Thursday, giving back the previous day's gains as markets sank on worse-than-expected GDP and corporate data, hitting home how badly the pandemic has struck the wider economy.