Carbon Pulse

California Carbon Allowance (CCA) prices rebounded on Monday after crumbling below the 2014 WCI floor price in early trading, with several speculators buoying the market in response to more participants unwinding their positions.

Industries across Europe are bracing for more disruption as governments struggle to contain the COVID-19 coronavirus, with initial steps already curbing demand for power and carbon units.

The Alberta environment ministry on Friday pushed back the true-up deadline for the Canadian province’s outgoing Carbon Competitiveness Incentive Regulation (CCIR) in light of the coronavirus pandemic, while the department also updated a compliance offset protocol and removed several other inactive methodologies.

EUAs crashed towards €14 early on Monday, continuing their heavy falls to a new 22-month low as traders feared the rest of Europe would follow Italy's lead in shutting factories to help tackle the coronavirus.

The Wuhan-based carbon exchange in China’s Hubei province on Monday reopened for business after being closed since Jan. 23 due to the widespread COVID-19 virus.

New Zealand carbon allowances continued their downward trend on Monday after Prime Minister Jacinda Ardern announced a shutdown of all non-essential services from Wednesday in a bid to prevent the COVID-19 virus to take hold.

Italy on Saturday ordered the closure of all non-essential factories as it struggles to contain the coronavirus outbreak.

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

Speculators trimmed their California Carbon Allowance (CCA) holdings by nearly 10 million allowances earlier this week amid growing concerns about a coronavirus pandemic reducing compliance demand under the WCI-linked carbon market, according to US Commodity Futures Trading Commission (CFTC) data.

The EU should extend the ETS to its eastern neighbours rather than imposing a carbon border adjustment that risks breaching a longstanding treaty linking energy markets, the head of the region's energy watchdog told Carbon Pulse on Friday.

The second quarterly WCI carbon auction of the year on May 20 will feature 66.2 million current and future vintage permits available for purchase, as the coronavirus pandemic and economic fallout raise concerns that the sale will be undersubscribed for the first time in three years.

EU member states and the UK handed out a further 8.5 million free carbon allowances to industrial emitters over the past two weeks, according to updated data released late Friday by the European Commission.

California Carbon Allowances (CCA) retreated beneath $13.00 on Friday morning as rising concerns about plummeting WCI-capped emissions and higher margin rates forced additional selling.

Germany will take into account instances where EU ETS compliance deadlines have not been met as a result of the coronavirus outbreak and could grant clemency in some cases, the government announced on Friday.

EUA extended their rebound into a second day on Friday, clawing back some of this week's massive losses caused by the coronavirus, as financial markets stabilised somewhat to digest the effect of government stimulus measures.

The Committee on Climate Change are seeking a high-performing policy analyst, ideally with existing energy and climate expertise to work on the organisation’s internationally-focused work programme, which is focused on supporting efforts to raise the global ambition on tackling climate change ahead of COP26 in Glasgow in November 2020.

China’s recent decision to loosen restrictions on building new coal-fired power plants could spark the construction of additional capacity larger than Poland’s entire fleet, analysts said Friday.

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

New Zealand carbon allowances continued to fall in Friday trade, shedding almost a dollar to hit their lowest levels in eight months as traders unloaded positions.

California Governor Gavin Newsom (D) issued a statewide ordered for all residents to “shelter in place” on Thursday amid the growing coronavirus pandemic, with the decision likely to reduce emissions in the state’s cap-and-trade programme.