Carbon Pulse

The California-Quebec Q3 carbon auction will include slightly more current vintage allowances than the May sale that failed to sell out, while the final quarterly auction of 2020 is slated to see the lowest amount on offer this year, according to an auction notice posted Friday.

The European Commission is making plans to aims to reach 40 GW of installed electrolyser capacity EU-wide by 2030, according to a leaked version of the 27-nation bloc’s hydrogen strategy to be unveiled in July.

Offset certifier Gold Standard plans to differentiate post-2020 vintage carbon credits depending on whether host nations make corresponding adjustments to their emissions inventories, a firm line that may force offset buyers to drastically rethink their voluntary climate strategies.

EU leaders on Friday failed to reach a consensus on their next seven-year budget after several Eastern EU member states came out against a proposal to tap ETS auction revenues.

Colombia is slated to release its roadmap for its cap-and-trade programme in the near future as the government readies for the market launch next summer, a project development firm said Thursday.

EUAs extended a four-month high early on Friday, building on the previous session's peak above €24 amid oil and equity price gains that continue to be influential for carbon.

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

Six major Chinese government agencies have issued a joint statement to dampen new coal plant investments, but the effort is unlikely to have any material impact on new coal-fired capacity this year, according to analysts.

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

California Carbon Allowance (CCA) values dipped beneath the 2020 WCI floor price this week amid increased selling, while RGGI allowances (RGAs) rose toward the Emissions Containment Reserve (ECR) trigger price on bullish outlook.

Most EU ETS-covered industries are likely to face the maximum possible tightening of their free allocation benchmarks over the next five years, a German government official said on Thursday.

Obligated parties under the Renewable Fuel Standard (RFS) have submitted 52 compliance waiver applications in order to sidestep a federal court ruling this year that could otherwise pare back the EPA’s small refinery exemption (SRE) programme, agency data showed Thursday.

Pressure is mounting on the Danish government to introduce a carbon tax to help achieve the country’s emissions reduction targets, despite its climate minister ruling out the idea amid coronavirus concerns.

The UK is more likely to next year launch a standalone ETS rather than one linked to the EU scheme, and as such prices are expected to be far lower than in the continental market, a conference heard on Thursday.

The governor of Jalisco this week announced that the jurisdiction will apply a CO2 levy starting next year, becoming the latest Mexican state to forge ahead on carbon pricing.

The coronavirus pandemic is making it easier for the EU to raise its 2030 emissions target and tighten the EU ETS cap due to energy market dynamics and stronger political will, experts told the Carbon Fast Forward Online conference on Thursday. 

The International Energy Agency on Thursday outlined a $3-trillion plan to recover from the coronavirus pandemic that it says would reduce global 2023 GHG emissions 4.5 billion tonnes of CO2e below BAU levels while adding to economic growth, and saving or creating millions of jobs.

European carbon prices spiked to a three-month high on Thursday, as positive coronavirus news out of China helped lifted wider markets and send EUAs above their 200-day moving average for the first time since late last year.

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

A lack of standardisation and transparency across eligible offset programmes under the international aviation offset market CORSIA is presenting a barrier to entry for participants and making it difficult to estimate credit supply, according to a new report.