Carbon Pulse

China has announced major merger plans in the coal sector to pave the way for shutting down over-capacity, raising questions about its intensity-based approach to doling out CO2 allowances under its emissions trading scheme.

The World Bank Group has launched a request for proposals (RFP) to buy almost 200,000 carbon credits to offset the organisation's emissions.

California legislators should include budget language requiring regulator ARB to hold a rulemaking to consider improvements to the state’s cap-and-trade scheme, including a mechanism to address the allowance oversupply, according to legislative staff recommendations. A Carbon Pulse subscription is required to read this content. Subscribe today to access our unrivalled news and intelligence, as well […]

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

WCI regulated parties added to their California Carbon Allowance (CCA) positions ahead of the Q2 auction, while speculators slightly trimmed their futures and options holdings, according to US Commodity Futures Trading Commission (CFTC) data.

European carbon prices have probably hit their coronavirus-triggered bottom as panic selling by emitters has failed to materialise, analysts said, though the market risks more downside from another wave of lockdowns.

An European Parliament effort to fast-track shipping into the EU ETS may hit a potential hurdle next week, as an influential lawmaker appeared to snub the idea.

Two participants registered CO2 Allowance Tracking System (COATS) accounts in the Northeast RGGI ETS this month, marking four additions this year.

China should drop its CO2 emissions trading scheme and instead introduce a carbon tax to raise revenue to boost renewable energy, a deputy delegate to China’s National People’s Congress who is also the CEO of a solar power firm said on Friday.

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

EUAs withstood early losses and were on course to notch a 10% weekly gain in thin trade on Friday, though weak gas and wider economy concerns were weighing.

Australia will allow all existing projects to choose whether to switch to a new carbon accounting method being introduced later this year, the Clean Energy Regulator said Friday, meaning those that had been expected to see lower credit generation under the new system can stay with the old method instead.

The business is currently seeking a Head of Client Services to lead and manage their client services team. This person will be focused on designing and delivering high-quality, innovative carbon offset programmes which maximise business value for clients.

China looks unlikely to launch a carbon-intensive spending spree to recover from COVID-19 after the government on Friday said it has decided to not set a GDP growth target for this year, though continued support for “clean” coal and infrastructure projects means carbon emissions will likely rebound, according to observers.

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

US-based Nodal Exchange will launch two Oregon Clean Fuels Program (OCFP) contracts and three new renewable energy certificate (REC) offerings next month, product development firm and bourse partner IncubEx announced Thursday.

California Carbon Allowance (CCA) prices hit a two-month high this week as they edged above the WCI auction reserve price on thin activity, while RGGI allowances (RGAs) stagnated on the secondary market as no volume transacted.

Entities may surrender fewer offsets for the WCI cap-and-trade programme's third compliance period as the COVID-19 pandemic slashes emissions, but market participants anticipate the utilisation rate will remain relatively unchanged.

The UK government needs to urgently clarify its carbon pricing policy from 2021 after the country leaves the EU ETS, a group of large British-based businesses said, noting that time is running out for the planning and negotiations required for a smooth transition.

The EU must reform the ETS to unleash its untapped potential for industrial decarbonisation by reviewing free allocation benchmarks and aligning the scheme with other policies, a report co-authored by several green groups urged this week.