Carbon Pulse

EUAs climbed back above €21 early on Tuesday, retracing the previous session's losses as colder weather prospects and acute short-term supply problems lifted much of the energy complex.

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

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A climate finance expert with the European Investment Bank is joining a London climate advisory and investment business, Carbon Pulse has learned.

New Zealand’s government on Tuesday announced an increase in the fixed price option for compliance with its ETS for 2020, as it also published final details for its carbon market reforms which include setting its first ever GHG caps and holding auctions.

Britain is aiming to establish its own domestic carbon market from 2021 that may or may not link to the EU ETS, the UK government confirmed on Monday as part of its long-awaited response to a public consultation, proposing a few ambitious features of its own.

UpEnergy is seeking a highly motivated and experienced Project Manager to lead technical work associated with our existing and new carbon offset projects. The Project manager will be responsible for the coordinating teams of consultants who conduct the monitoring and auditing of a growing portfolio of carbon offset projects.

California's WCI-capped fuel consumption rose year-on-year during February, but federal data shows the March figure significantly dropped off amid the economic fallout from the coronavirus scourge.

British Columbia will soon release new product-based emissions benchmarks for the Canadian province’s industrial CO2 pricing mechanism, as it also updates the low carbon fuel standard (LCFS) regulation for changes slated to take effect next year, the environment ministry told Carbon Pulse.

EUAs briefly dipped below €21 in quiet holiday trade on Monday, sliding on wider market jitters about worsening US-China relations.

China’s National Development and Reform Commission (NDRC) has distributed provincial-level renewable energy targets for 2020, pushing a slight increase in wind and solar this year as the nation prepares the launch of its mandatory market for renewable energy credits.

The Tianjin municipal government will auction off 2 million carbon permits under its pilot emissions trading scheme on June 10 to help firms meet 2019 compliance, with prices likely to come in well below current secondary market levels due to how the price floor is calculated.

Australian project developer Country Carbon has agreed to having its business practices strictly monitored by the government for a two-year period to address ‘compliance issues’ with regulations under the nation’s carbon offset market.

China has given provincial and regional authorities an additional two months to submit lists of companies in their jurisdictions that will be included in the national emissions trading scheme and their 2019 CO2 emissions data, extending the deadline to July 31 as the COVID-19 outbreak has made it difficult to stick to the original timetable.

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

WCI compliance entities built their California Carbon Allowance (CCA) holdings on the secondary market as they awaited Q2 auction results, while speculators’ net long position remained roughly unchanged, according to US Commodity Futures Trading Commission (CFTC) data.

Eastern European nation Moldova has this week been handed a plan to establish carbon market regulations within two years as part of efforts to ramp up climate action among the EU’s southeastern neighbours.

EUAs inched higher on Friday to end the week flat as bullish technicals continued to overshadow dips in the energy complex and wider fundamental weakness.

California lawmakers will advance language to a joint legislative discussion that would require regulator ARB to conduct an ETS rulemaking, though the provision's ultimate inclusion in the state budget is not a foregone conclusion, a senator's aide told Carbon Pulse on Friday.

The US Department of Justice (DOJ) urged a federal judge on Friday to reject a request that would push back a hearing for the government’s constitutional challenge over the California-Quebec carbon market linkage, saying the state had created the time conflict it is now seeking to remedy.