Carbon Pulse

California regulator ARB will ask for stakeholder feedback on Tuesday about whether to set a more ambitious 2030 carbon abatement goal during the 2022 Scoping Plan process, while also contemplating other mechanisms to drive emissions reductions in the Golden State.

EUAs struggled to overcome their recent high in early Tuesday trading, while natural gas prices shrugged off early losses triggered by reports of increased flows of Russian gas into Europe.

The Beijing municipal government on Tuesday unveiled a five-year plan for hydrogen, which included developing a methodology to allow clean hydrogen to earn carbon offsets.

Developer South Pole has partnered with a local community group to establish nature-based offset projects in New South Wales, Australia.

China is hopeful institutional investors will be able to trade in the national emissions trading scheme by year-end, an exchange official told state media this week, a move considered vital to ignite the market’s liquidity.

The EU’s proposed carbon border adjustment mechanism (CBAM) will only have marginal impacts on Australian exports, and could even boost the country’s competitiveness in Europe in the near term, the Australian industry (Ai) Group said Tuesday.

China’s national emissions trading scheme could drive reductions of 30-60% of the nation’s current carbon output by 2060, though is unlikely to have much impact in the near term, found a report released Tuesday.

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The UK unveiled its hydrogen strategy on Tuesday, proposing to use contract-for-difference funding that gives no preference to renewables-derived production over captured fossil gas.

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The Niskanen Center is seeking a climate director for its prominent and growing climate policy department. This is a full-time, senior-level position that reports to the Vice President of Policy. Regular engagement with the Vice President of Government Affairs, Senior Vice President, and President are also anticipated. 

Pennsylvania environmental groups pushed back on Monday against Republican legislators and industry groups’ opposition to the state joining the RGGI programme in 2022, saying the state Independent Regulatory Review Commission (IRRC) has solid legal authority to approve the final power sector cap-and-trade regulation.

The Alternative Fuels Section within the Transportation Fuels Branch is seeking to recruit an Air Resources Engineer to support the California Low Carbon Fuel Standard (LCFS).

Standardised voluntary emissions reduction (VER) values soared to new heights over the past week as transacted volume accelerated, while voluntary carbon market (VCM) participants noted offset prices on the non-standardised, over-the-counter market were also rising in tandem with exchange-traded products.

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Germany is forecast to record its biggest rise in GHG emissions since 1990 this year as the economy rebounds from the pandemic-related downturn, according to a report published on Monday.

EUAs rose sharply early on Monday, clawing back last week's losses as dip buyers entered the market and European gas prices surged.

China’s thermal power generation rose 12.7% last month compared to July 2020, the highest year-on-year growth rate since March, according to government data, but analysts say emissions output might slow in the second half as economic growth is projected to soften.

Canadian Prime Minster Justin Trudeau on Sunday called an election for next month, sending voters to the polls for the second time in two years amid ongoing concerns over the pandemic and climate change.