Carbon Pulse

EUAs hit a 14-year high in July before immediately nosediving as the market suffered altitude sickness. Now we're back in the €25-26s, roughly where we were before the Great Covid Sell-Off, and it feels like prices aren’t sure where to go next. According to Alessandro Vitelli, August looks pretty finely balanced in terms of price outlook: a supply cut may mitigate some potential weakness, but there are darker clouds on the horizon.

Coal-fired power generators participating in China’s pilot carbon markets are set to find life easier in the national emissions trading scheme due to more generous allocation, said a report released Thursday.

NZUs have gained almost a dollar over the past two days to climb past NZ$34.00 ($22.53) for the first time amid steady demand and limited supply as sellers eye even higher levels.

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

California’s WCI-capped fuel consumption collapsed in April as a statewide ‘shelter-in-place’ order scuttled vehicle miles travelled (VMT) across the Golden State, leading to historic lows for gasoline demand, according to state data released Wednesday.

Coal power generation at UK utility Drax more than doubled in H1 as the company sought to use up its remaining stockpiles ahead of an anticipated coal phaseout in Mar. 2021, it said in first-half results on Wednesday.

The Massachusetts House of Representatives omitted carbon pricing language from a Senate climate bill on Wednesday, but advocates are hopeful that lawmakers can reinsert the provision after the lower chamber agreed to extend the legislative session past this month.

In the latest episode of our Carbon Pulse Conservations podcast, we speak with Sheppard Mullin Partner Nico Van Aelstyn about the recent federal court rulings in the US Department of Justice’s (DOJ) legal challenges to the California-Quebec carbon market linkage.

Indigo is looking for a carbon credit statistician for its Boston office.

You will be responsible for providing bespoke advice primarily to public sector authorities and financial intermediaries on the design, set up and implementation of these types of structures and support packages.

You will be responsible for providing bespoke advice primarily to public sector authorities and financial intermediaries on the design, set up and implementation of these types of structures and support packages.

The Research Associate will support a new pan-European, multi-institution consortium (NEGEM) focused on assessing carbon dioxide gas removal (CDR) options such as bioenergy with CCS (BECCS), direct air capture of CO2 with CO2 storage (DACCS), enhanced weathering, afforestation, soil carbon sequestration and other negative emissions technologies and practices (NETPs).

RGGI Q2 emissions appear on track for smaller year-on-year differences than Q1 as power consumption rebounded due to the COVID-19 pandemic easing, while shifts in consumer behaviour may have contributed to varied results among individual states in the regional carbon market.

The Brazilian government has approved the creation of a voluntary forest offset market, an outgrowth of the UN Green Climate Fund’s inaugural foray into schemes designed to cut emissions by halting deforestation.

The European Commission seeks to rebrand a fund for research on coal and steel production to help decarbonise these ETS-covered sectors, while propelling the initiative's total funding to over €100 million a year.

Germany-based chemicals giant BASF plans by the end of 2021 to publish the carbon footprint of all the nearly 45,000 products it sells, in an effort to drive emissions cuts across its supply chain, it said on Wednesday.

EUAs climbed above €26 on Wednesday as a strong Polish auction helped extend this week's rebound from a one-month low, while weekly data showed a sizeable downsize in investment fund holdings, despite more of these firms entering the market.

Lawmakers from South Korea’s ruling Democratic party have proposed legislation that would ban further public investment in coal-fired power plants abroad amid criticism towards state-owned KEPCO’s involvement in coal plants in Indonesia and Vietnam.

Hungary-based airline Wizz Air has recovered to around 70% of its pre-pandemic flight capacity, though renewed travel restrictions could dent prospects for a full recovery by year-end, it said in financial results on Wednesday.

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