Carbon Pulse

At least three large nations have postponed CORSIA deadlines for their airlines to report 2019 emission data due to coronavirus disruptions, even as auditors insisted on Thursday that the checks can be completed with little difficulty.

Offset standard developer and manager Verra is seeking to cut red tape and costs for stakeholders in launching its own registry on Thursday, becoming the latest US-based organisation to administer its own system.

EUAs hit a fresh one month high early on Thursday but sank back towards €21 in choppy trade following a weak auction and as wider markets fluctuated wildly on mixed news.

New Zealand carbon allowances saw a second straight day of gains on Thursday, ending at a high ahead of the Easter break as the market continues to see support above NZ$24.

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

The Canadian environment ministry proposed Wednesday to delay the 2019 reporting and compliance deadlines for the federal ‘backstop’ output-based pricing system (OBPS), potentially giving large stationary emitters more time to procure offsets or surplus credits.

California regulator ARB does not intend to alter its current cap-and-trade auction schedule or compliance deadlines as a result of the COVID-19 pandemic sweeping across the US, an agency spokesperson told Carbon Pulse Wednesday.

California issued no new offsets or reduced any invalidation periods this week for the first time in nearly two years, according to data published by regulator ARB on Wednesday.

New Mexico and Nevada are maintaining schedules to outline potential climate change and CO2 pricing strategies by later this year even as the COVID-19 pandemic presents logistical challenges for the Southwest US states.

Estonia’s finance minister has formally called for his country leave the EU carbon market in order to reduce power prices amid the coronavirus outbreak, though any efforts are likely to be in vain.

The Congressional Research Service (CRS) Resources, Science and Industry Division is seeking an Analyst in Environmental Policy.  The analyst will conduct analyses that inform congressional deliberations on environmental policy and/or science issues related to climate change. 

EU member states’ push for stricter measures for European industry emissions and support for a higher 2030 target will face a big test in the following months as the 27-nation bloc is coping with the COVID-19 coronavirus crisis, a report by Refinitiv released on Wednesday finds. 

Nearly half of the world’s coal power plants will run at a loss this year even as carbon prices have a negligible effect in many countries outside the EU, a report published Wednesday found.

EUAs rose back towards €21 early on Wednesday as the market absorbed bumper supply from two daily auctions and withstood pressure to give back recent gains.

Guangdong province has become the first Chinese region to officially deviate from the central government’s national ETS preparation timetable, though others are expected to follow, sparking fresh concerns over whether the world’s biggest carbon market will be able to launch this year as planned.

South Korea’s monthly auction of CO2 allowances sold out on Wednesday, fetching the highest price since the regular sales started last year.

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

The US Transportation and Climate Initiative (TCI) should include a supply-curbing mechanism in its final cap-and-trade design to ensure reliable revenues to invest in fuel sector CO2 abatement, according to a think-tank report released Tuesday.

Northeast power consumption declines due to the COVID-19 are increasing, while California fuel use appears set to dip based on initial state and national data points.

EU carbon prices will resume their downtrend to average €11 this quarter amid an ongoing reduction in power demand and a big fall in the bloc’s 2020 GDP due to the coronavirus, analysts said Tuesday, warning that EUAs could eventually crash to as little as €5 if the crisis persists.