Carbon Pulse

California carbon prices dropped sharply on Friday after Ontario’s general election returned a majority for the Progressive Conservatives, who have pledged to end the province’s participation in the WCI cap-and-trade system.

EU carbon prices slipped beneath €16 on Friday, with prices shedding almost two-thirds of the gains built up during this week's run to the seven-year high.

EU ETS carbon allowances need to reach €28 to incentivise utilities to switch from burning coal to cleaner gas on a large scale and in turn generate substantial emission reductions, an analyst said Friday.

The number of projects that have been deregistered from the CDM has doubled, according to UNFCCC data.

Below is a table of the closing prices, ranges and volumes for China's regional pilot carbon markets this week. All prices are in RMB, and volumes in tonnes of CO2e. Data sourced from local exchanges.

New offset issuances in Australia this week fell to 102,300 as most eyes were focused on the seventh ERF auction, which closed Thursday.

Australian airline Qantas and carbon project developer GreenCollar Group have partnered up to generate and market credits from projects that cut greenhouse gas emissions and help the threatened Great Barrier Reef.

South Korean CO2 permits lost another 2.25% on Friday to hit their lowest levels since January even as volumes remained far above average levels as emitters race to meet the June 30 compliance deadline.

Over 300,000 local forest carbon offsets were sold in an auction on the China Emissions Exchange in Guangzhou Thursday at 37% above the price floor, but marginally below the daily secondary-market closing price for allowances.

New Zealand on Friday issued a public consultation paper aimed at improving the emissions trading scheme’s workability for forest-owners, plugging a loophole that has inadvertently encouraged foresters to avoid replanting for four years after harvest.

Ontario's Progressive Conservative party and leader Doug Ford won a majority government in Thursday’s provincial election, threatening the future of the province’s cap-and-trade programme and its WCI linkage.

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

Two contrasting carbon fee proposals between Washington DC lawmakers and environmental coalitions have highlighted the political differences between the groups while delaying the formal introduction of a bill, according to campaigners speaking at a panel on Thursday.

A fast-rising number of companies worldwide are using green certificates as part of a strategy to help demonstrate their climate credentials, elevating their efforts to levels sometimes more ambitious than those required by governments under the Paris Agreement.