Carbon Pulse

EUAs slipped back below €23 early on Monday, retreating soon after extending last week's three-month high as weak economy data and this week's higher auction supply weighed.

The massive economic upheaval of the coronavirus pandemic has paused the surge in voluntary carbon trade, but companies' vastly differing fortunes and supply cut-offs are likely to prevent carbon credit prices plunging this year.

Project proponents have delivered another 635,000 carbon offsets to Australia’s Emissions Reduction Fund (ERF), taking the fund total past 55 million, while the Clean Energy Regulator issued another 270,000 units last week.

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

California regulator ARB opened an investigation on Friday into a Wisconsin-based livestock project for failing to meet regulatory compliance during its fourth reporting period, with nearly all the 15,000 credits under review used last year by an oil major.

A California budget proposal to amend the state's WCI-linked carbon market would likely not make any near-term changes to allowance prices, but is necessary to ensure the scheme helps the state reach its long-term climate goals, a state senator told Carbon Pulse on Friday.

WCI compliance entities cut California Carbon Allowance (CCA) holdings after the Q2 auction, while speculators’ kept their net long position roughly unchanged from the previous week, according to US Commodity Futures Trading Commission (CFTC) data released Friday.

The European Commission has toughened up its requirements to finance emission reduction projects under its yet-to-be-launched Innovation Fund, but some stakeholders pointed out inconsistencies after the EU's executive unveiled the mechanism's funding criteria on Friday.

Your new company is an asset manager with a significant investment in a new organisation developing green fuel and renewable energy through Biomass and Pyrolysis. 

The Q2 RGGI auction settled below the secondary market, results published Friday showed, with a subsidiary of Virginia-based Dominion Energy participating in the sale prior to the state’s official entrance in the Northeast US power sector ETS next year.

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

EUAs surged by over 4% to a three-month high on Friday, climbing back to pre-lockdown levels as oil gains and surprise US jobs numbers helped lift the wider energy complex and carbon's technical signals continued to point north.

California Low Carbon Fuel Standard (LCFS) credits have closed in on the transportation programme’s impending price cap over the past week after a state agency gave final approval for that cost containment mechanism to take effect.

New Zealand carbon allowances rose again in Friday trade, ending the week almost 16% above levels seen prior to the government’s Tuesday announcement on moving the fixed price option level.

South Korean CO2 allowances have slumped to their lowest level since last September on bearish economic data and plentiful supply ahead of 2019 compliance.

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

The Senior Associate works with the Executive Director of the U.S. Climate Alliance Secretariat in formulating and executing strategy to support the Midwestern Alliance states (at present Illinois, Michigan, Minnesota, and Wisconsin) in developing and implementing climate policy within their states and across the region.

A federal judge will not hear oral arguments this month in deciding on whether the California-Quebec ETS linkage is a violation of the US Constitution’s Foreign Affair Doctrine, and has also rejected the state's request to delay the court timeline to July.

California Carbon Allowance (CCA) prices slid on the secondary market following the Q2 auction despite a legislative push to require an ETS rulemaking next year, while RGGI prices rose ahead of the programme's own quarterly sale.

In the latest installment of our Carbon Pulse Conversations podcast, we speak with former RGGI Commissioners Justin Johnson and David Littel about the upcoming 2021 programme review for the Northeast US power sector cap-and-trade scheme.