Carbon Pulse

EUAs lost another €3 on Wednesday to deepen the previous session's 7% plunge, while UKA futures fell during their first trading day as the market remained wary over increased supply coming in the form of UK utilities selling EU units, Britain's first standalone auction, and the prospect that this year's free EUA allocations would begin soon.

China’s environment ministry on Wednesday released rules for registry, trading, and settlement under its national carbon market, the last piece of the ETS puzzle, though important details were left for the exchange to complete.

Australia’s biggest carbon project developer has acquired a start-up that offers customers the opportunity to offset their greenhouse gas emissions, the company announced Wednesday.

Mitsui & Co’s Australian subsidiary has acquired an offset developer in order to launch a carbon solution business in the country, the company announced Wednesday.

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

(Subscribers only) - The UK’s new emissions trading scheme kicks off on Wednesday with the first allowance auction, with the market modelled after the EU ETS to facilitate a future linkage. Here’s a quick guide outlining its design and how it differs from its European counterpart.

Carbon allowances in the new UK ETS are expected to trade in line or at a slight discount to their EU counterparts from the launch of trade on Wednesday, though concerns over liquidity and market design is leading some experts to believe UKA prices could surpass those on the continent in the coming months. 

Traders anticipate a steep discount to occur at the May 19 quarterly WCI auction, as California Carbon Allowance (CCA) prices have surged to near all-time highs on the secondary market this spring amid a wave of speculative interest.

The Atmospheric Sciences and Global Change Division at Pacific Northwest National Laboratory (PNNL) and its Maryland based Joint Global Change Research Institute (JGCRI) seeks a candidate for a research, modelling and analysis role.

EUAs plunged 7% on Tuesday as a pause in carbon's record-breaking run and the onset of the first supply under the new UK ETS helped trigger widespread selling, dragging down much of the European energy complex.

US biofuel credits (RINs) for biodiesel hit the $2 mark on Tuesday as climbing soybean oil values continued to lead prices under the Renewable Fuel Standard (RFS) to new records.

Belarus is drafting a plan to shield itself from the effects of the EU’s planned carbon border adjustment mechanism (CBAM), a government official said Tuesday, according to national media reports.

Engie’s former head of carbon and power trading in China has left to take over as head of environmental product trading in Asia for a US-headquartered commodities merchant, in the latest sign that the CO2 trading job market in the Asia-Pacific region is heating up.

Heralded as the ‘world’s biggest carbon market” for almost a decade, China’s national emissions trading scheme will likely be more modest than most of its peers when trading begins around a month from now, but stakeholders thought the market might still hold a few surprises.

Carbon pricing and specifically emissions trading systems can play an important role in incentivising removals necessary for achieving Paris Agreement emissions targets, according to the ICAP Secretariat.

There must be no more investment in new fossil fuel supply projects and no further sign-offs on unabated coal projects, the IEA said in a landmark report on how to achieve global net zero CO2 emissions in energy and industry without nature-based removals.

The UK is aiming to allocate the first free carbon allowances to emitters under its new ETS before the end of May, the government announced Tuesday, meaning trading in the market will very likely begin this week amid virtually no physical supply being available.

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