Carbon Pulse

Germany saw its EU ETS-covered emissions from stationary installations fall by nearly 12% last year, according to government figures released Monday, as the EU’s top emitter replaced a significant amount of coal-fired power with cheaper gas and renewables.

Switzerland has closed its emissions trading registry and extended the ETS compliance deadline for emitters due to the COVID-19 coronavirus outbreak, the government announced Monday, adding that it had also cancelled this month’s allowance auction.

The pace of EU legislative activity on climate policy is set to slow as the response to COVID-19 coronavirus takes the attention of the bloc's institutions and as non-essential meetings are postponed. 

EU carbon prices plummeted on Monday, falling below €20 for the first time in over a year as the coronavirus-fuelled sell-off in financial markets picked up pace despite governments ramping up emergency measures including the US Federal Reserve slashing interest rates to zero.

California Carbon Allowances (CCA) and RGGI Allowance (RGA) prices dove on Monday morning after the US Federal Reserve announced further rate cuts to bolster the stock market as the coronavirus pandemic spread across North America.

China’s industrial output fell 13.5% over January and February, the government said Monday, underpinning estimates that its emissions have been dented in the short term, while rapid COVID-19 spread in Europe and the US may slow China’s expected CO2-intensive recovery.

Independent Australian lawmaker Zali Steggall will delay the introduction of her climate bill scheduled for next week to leave the government room to focus on battling the COVID-19 virus.

The Carbon Market Institute has postponed its annual Australasian Emissions Reduction Summit as a precaution amid the COVID-19 virus spread, it announced Monday.

Demand for carbon offset credits is set to rise as governments and businesses seek to make good on pledges to achieve net zero emissions in the future, but the market itself will also change dramatically, according to experts.

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

The ICAO Council on Friday endorsed six programmes in full and two others on a conditional basis to supply the UN body’s international aviation offset mechanism CORSIA, with those credits restricted to a five-year window.

The European Parliament is mulling an early bid to agree this year to include all ships using EU ports in the bloc's ETS, attempting to capitalise on the current heightened momentum for climate action, the Parliament’s lead lawmaker on the issue told Carbon Pulse on Friday.

The first RGGI auction of 2020 cleared in line with market expectations as New Jersey returned to the regional cap-and-trade programme eight years after the state left the power sector carbon market.

EUAs lifted towards €23 early on Friday as financial markets bounced back from Thursday's huge losses as governments worldwide took action to control and limit the impact of the COVID-19 coronavirus.

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

Australia’s Clean Energy Regulator has issued nearly 168,000 fresh carbon credits this week, it said Friday, only around a third of last week’s volume.

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

Legislation to implement a Washington state low-carbon fuel standard (LCFS) and extend the market-based Clean Air Rule (CAR) to fuel suppliers will not pass in the 2020 session because the Senate does not have the votes to approve the policies, the sponsor of the bills told Carbon Pulse.

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California Carbon Allowance (CCA) prices plunged to a nearly one-year low this week as the unravelling stock market and spreading COVID-19 virus stoked fears of a global recession, while RGGI allowances (RGAs) saw more modest drops ahead of Q1 auction results.