Carbon Pulse

Speculative firms increased their California Carbon Allowance (CCA) positions over the week as their cumulative holdings rose above the 100-million mark, while emitters’ short positions increased at the futures expiry, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

EUAs failed to extend the previous session's all-time high on Friday despite steadier energy prices, but still managed to lock in a solid 4.2% weekly gain.

Colombia may have lost millions in carbon tax revenue while doing little to advance its climate goals, according to an NGO investigation into two REDD projects that raises questions about how forest carbon projects interact with government rules.

A summary of legislative and regulatory action on carbon pricing, clean fuel standards, and clean energy at the US subnational and federal level this week, including developments in California, New Jersey, and Rhode Island.

New Zealand carbon allowances on Friday rose to new record levels as demand remains strong after a number of traders were left wanting at the June auction.

More than 12 million Chinese Certified Emissions Reductions (CCERs) traded across all platforms in the Chinese market in June, setting a new record, but the ETS delay and lack of clarity about future offset issuances is creating challenges for traders.

Swiss commodities trading house Mercuria has launched on environmental products, launching a new business led by veteran market players, many of whom have recently left oil majors including BP and Shell, Carbon Pulse has learned.

Private sector companies are likely to face more legal challenges seeking to force them to adopt more ambitious emissions-cutting policies in the coming years, as climate-related litigation increases “dramatically”, according to a report published Friday.

If Europe is serious about remaining a frontrunner in meeting the objectives of the Paris Agreement, then it urgently needs an ambitious EU ETS reform to clean up its historic addiction to free handouts so the practices of sustainable frontrunners become the market norm, argues Leon de Graaf of #SustainablePublicAffairs.

We are looking to hire an experienced hands-on Carbon Offset Project Manager on a permanent basis. Location for the role is based at our London office, and we are happy to consider non-UK citizens that are willing to relocate. There would also be regular travel to Africa.

The municipal government of Wuhai city in Inner Mongolia on Friday released documentation showing that provincial authorities have issued administrative punishment to a company for falsifying data related to its CO2 allocation under China’s national emissions trading scheme.

Application Closing Date: 01-08-2021, 10:59:00 PM The Organisation for Economic Co-operation and Development (OECD) is an international organisation comprised of 38 member countries, that works to build better policies for better lives. Our mission is to promote policies that will improve the economic and social well-being of people around the world. Together with governments, policy […]

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

California Carbon Allowance (CCA) prices edged down on thinner demand ahead of the US holiday weekend, while RGGI prices rose slightly as traders reported regulated entities sought out volume on the secondary market.

A global carbon market policy specialist at IETA is set to leave the business association after seven years to join intergovernmental organisation ICAP.

Carbon Pulse has hired two new reporters to expand its coverage of the world’s two largest carbon markets.

France must introduce new measures to combat climate change in the next nine months as the country is set to miss its emissions reduction targets, its top administrative court said on Thursday.

Australia’s Code of Conduct for the carbon industry went live Thursday, as the Clean Energy Regulator has revoked yet another offset project, a fate shared by nearly a fifth of all the nation’s carbon credit schemes.

EUAs reached a new record high early on Thursday as gas prices continued to rise and the market digested a leaked European Commission document that laid out proposed reforms to the EU ETS.

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