Carbon Pulse

Brussels pledged a state aid review and support for clean hydrogen in its latest industrial strategy, which was unveiled on Tuesday even as the EU institutions cancelled multiple meetings amid efforts to contain the coronavirus.

Oregon Governor Kate Brown (D) signed an executive order Tuesday to set a declining emissions cap for several sectors, double the state’s Clean Fuels Program (OCFP) target, and boost energy efficiency goals after the legislature failed to pass a cap-and-trade bill for the second straight year.

German-based utility Uniper's EU ETS-covered emissions fell 21% in 2019 amid lower coal output, it said in financial results on Tuesday, while flagging a pick-up in power hedging in recent weeks.

British bank RBS and its commodities trading division have been found liable for dishonestly assisting and knowingly facilitating tax fraud linked to the EU ETS after two emissions traders at the subsidiary ignored obvious risks, a UK High Court ruled Tuesday.

RGGI market participants anticipate the first quarterly sale of 2020 this week will largely mirror past trends and align with the secondary market price, despite the inclusion of New Jersey in the Northeast US ETS for the first time in eight years.

Utility Nova Scotia Power’s CO2 output increased in 2018 ahead of the initial start of the Canadian province’s cap-and-trade programme, while emissions from fuel suppliers and industrials fell, new government data showed.

EUA prices lifted towards €24 early on Tuesday as wider financial markets rebounded on stimulus hopes following the previous session's massive oil collapse and quickening spread of COVID-19 coronavirus.

Deadlines for companies regulated by Shanghai’s pilot emissions trading scheme to report 2019 emissions and ensure they are in compliance have been postponed due to the coronavirus situation, the municipal government said Tuesday.

A demand boom in palm oil and soy driven by Brazil, Indonesia, and possibly the international aviation sector, could spur enough deforestation to emit 11.5 billion tonnes of CO2e to 2030, a report published Tuesday said.

Japan and Saudi Arabia have issued the first offsets under their Joint Crediting Mechanism (JCM) programme, for which Japan intends to use its share towards meeting its obligations under the Paris Agreement.

Ndevr seeks an experienced senior consultant with a background in carbon accounting, energy auditing and sustainability.

New Zealand’s independent Climate Change Commission wants the ETS fixed price option for 2020 to be set higher than the proposed NZ$35, and says the Cost Containment Reserve should be increased annually after its introduction in 2021.

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

The US Department of Justice and California attorneys faced scrutiny from a federal judge on Monday during the first court hearing on a case that could decide the legality of the WCI ETS linkage with Quebec, but a ruling might not be made until the remaining issues are litigated.

Oregon Governor Kate Brown (D) will announce an executive order on Tuesday to implement a carbon reduction programme after a Republican walkout thwarted Democrats ability to pass a WCI-modelled cap-and-trade bill for the second straight year, a state legislator told Carbon Pulse.

The EU should use ETS-based benchmarks to determine whether manufacturing investments are sustainable, an EU expert group said Monday in a report recommending an economy-wide structure for green lending. 

This month’s North American Carbon World (NACW) conference in San Francisco will not be held this year due to mounting concerns over the COVID-19 coronavirus, California-based offset registry Climate Action Reserve (CAR) announced Monday. 

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