Carbon Pulse

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

Virginia’s Department of Environmental Quality (DEQ) released a revised RGGI regulation on Friday that installs state-run auctions, cuts the 2020 CO2 budget and makes other technical changes ahead of its scheduled adoption later this summer.

California should evaluate the future of refinery allocations under its WCI-linked carbon market if allowance prices are expected to remain near the floor price in the post-2020 period, a state watchdog said Friday, adding that regulators should also consider the impact of the supply surplus and possible auction changes.

California carbon offset (CCO) supply may have topped out in recent years as protocol changes, manufacturing trends, and transitions to other climate programmes reduce future credit issuances, a project developer said Friday.

The US will opt out of the first three years of the CORSIA offset mechanism for global air travel if other countries do not agree to alter the programme’s emissions baseline next week, with other nations potentially following suit, a Dutch minister said Friday.

Four EU governments including Germany have co-signed a statement asking the European Commission to consider additional options in preventing carbon leakage besides a carbon border adjustment mechanism (CBAM).

European carbon prices continued to ease on Friday after the most bearish auction in almost two months and as traders said the six-week rally appears to be "petering out".

New Zealand carbon allowances on Friday were almost back up to their June 11 all-time high as sellers are reluctant to let go of permits amid bullish sentiment and high logging prices.

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

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

The International Energy Agency (IEA) on Thursday called for the EU to strengthen its ETS and non-ETS carbon pricing to help meet its decarbonisation goals, playing down the carbon leakage risk that to date has resulted in heavy industries getting the vast majority of their EUAs for free.

California Carbon Allowance (CCA) prices fell further below the WCI auction reserve value this week as secondary market activity declined, while RGGI allowances (RGAs) dropped beneath the supply-curbing Emissions Containment Reserve (ECR) trigger price.

The Senior Technical Advisor (the Consultant) will assist in connecting the EU4Climate project and its beneficiaries in the Eastern Partnership (EaP) countries to the EU best practices and recent developments related to climate change policies and greening agenda.

CO2 prices three to seven times higher than RGGI's Emissions Containment Reserve (ECR) trigger prices are necessary for New England states to meet their long-term economy-wide GHG abatement goals, analysis commissioned by power producers said Wednesday.

The Energy Community secretariat will this summer release a study setting out a roadmap to introduce carbon pricing in the Western Balkans and Eastern European countries, an official at the regional organisation said Thursday.

Global emissions from shipping in 2020 are set to shrink by up to 35% year-on-year due to the COVID-19 pandemic, but could recover quickly as progress to tackle maritime pollution remains slow, researchers have projected.

EUAs slipped below €25 early on Thursday, dropping back from the previous session's four-month high as traders flagged warnings about a rapid correction as wider markets showed more weakness.

The Gold Standard Foundation seeks a highly motivated corporate-focused leader to join our technical team, reporting directly to the Chief Technical Officer. The successful candidate will have the opportunity to shape and lead efforts to address global climate change in corporate action while gaining exposure as a leader in the field.

Australia’s Emissions Reduction Fund (ERF) will pilot buying offsets up front from soil carbon projects in a bid to help farmers overcome high initial costs.

New Forests seeks a qualified candidate for the position of Associate Director, Natural Climate Solutions.