Carbon Pulse

California’s WCI-linked cap-and-trade floor price is on pace to rise above $19.00 next year as inflation surged over April amid easing of COVID-19 restrictions across the US, according to federal data released Wednesday.

EUAs continued their record-breaking run early on Wednesday, with prices jumping to just shy of €55 after a strong pre-holiday auction and as investors inflows continued to build.

Australia will spend A$280 million ($219 mln) over the next decade to buy carbon credits from large industrial facilities cutting emissions below their Safeguard Mechanism baselines.

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

A meta-registry connecting different carbon standards and coalitions of nations could help stamp out risks associated with bilateral and multilateral emissions trading under the Paris Agreement, experts said Tuesday in response to a new legal analysis published on the subject.

This is a full-time position to design new Standard Requirements, climate and SDG impact quantification methodologies and tools to be used for fund certification in an innovative new blended finance vehicle, the Subnational Climate Finance initiative.

The New Brunswick Progressive Conservative government on Tuesday said it will reduce personal income taxes to blunt the impact of the Canadian province's abbreviated C$40/tonne carbon levy on fossil fuels, resurrecting an idea put forth by the federal Liberal Party over a decade ago.

Czech utility CEZ saw a decline in coal-based generation over Q1 even as other forms of output made increases, according to the company’s financial results on Tuesday.

EUAs added another euro to their record highs on Tuesday, making further gains amid stronger energy and continued solid buying from investors even as equities took a major hit.

California electricity consumption declined in 2020 due to the impacts of the COVID-19 pandemic, but more carbon-intensive sources fulfilled this demand, according to preliminary California Energy Commission (CEC) data released Tuesday.

EU member states will in an upcoming EU summit discuss the fate of the bloc's Effort Sharing Regulation setting national emissions targets in non-ETS sectors, with a draft document asking Brussels to maintain the same scope and distribution formula while ramping up overall climate ambition, according to media reports on Tuesday.

The Kenyan government is “at an advanced stage” in establishing a national emissions trading system, a government official said Tuesday.

A former emissions trader for Bank of America Merril Lynch and Gazprom has joined a London-based carbon investment firm.

The European Commission is considering whether to propose financing an EU-wide carbon contracts for difference (CCfD) scheme through the ETS Innovation Fund, a senior EU official said Tuesday.

The UK will hand out 39.1 mln free carbon allowances in 2021 - the first year of the country's new emissions trading scheme - the government announced Tuesday, confirming that it was slashing the allocations by a third versus what it has originally earmarked.

Singapore is developing a taxonomy and guidelines for carbon credits as part of its push to secure a role as a hub for the global voluntary offset market, a minister said Tuesday, a process that could include setting up a new exchange.

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

A UK court of appeal has ordered a retrial in a £60 million tax fraud case linked to the EU carbon market after it questioned the ruling judge’s findings following an “inexcusable” delay between the trial and the verdict.

Voluntary emissions reduction (VER) prices remained steady this week even as traders observed a dwindling supply of low-cost offsets, while voluntary carbon market (VCM) participants pointed out heightened interest for ex-ante, forestry-based removals credits.

Virginia’s Department of Environmental Quality (DEQ) argued a legal challenge against the agency’s RGGI regulation is nonsensical or inaccurate, while an intervening green group said the industry association bringing forward the suit fashioned meritless claims in an attempt to void the power sector cap-and-trade scheme.