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News and intelligence on carbon markets, greenhouse gas pricing and climate policy
Updated: 2 hours 46 min ago

EU Midday Market Brief

Tue, 2019-10-22 21:24
EUAs slipped further below €26 early on Tuesday as UK lawmaker wrangling kept the prospects of a Brexit deal in the balance.
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NSW govt nixes Scope 3 considerations in mining decisions

Tue, 2019-10-22 19:28
Australia’s New South Wales state government will this week introduce legislation that bans its Independent Planning Commission from taking Scope 3 emissions into account when deciding whether or not to let mining projects go ahead.
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New Zealand likely to skirt limitations on international credits, experts say

Tue, 2019-10-22 18:23
New Zealand is likely to avoid the foreign offset restrictions in its latest revised Zero Carbon Bill by setting domestic targets that are less ambitious than its international commitments, policy experts said Tuesday, though ETS linking might prove difficult.
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UPDATE – Liberal minority gov’t offers hope for Canadian climate policy, carbon pricing to stay the course

Tue, 2019-10-22 17:25
Canadian Prime Minister Justin Trudeau’s Liberals lost their parliamentary majority in Monday’s federal election but still exceeded many pollsters' expectations, as a stronger showing by left-leaning parties could pressure a deeper commitment to climate ambition and stave off the oil and gas-centred demands of the resurgent Conservatives.
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Climate Trust projecting 14% return from initial US offset fund

Tue, 2019-10-22 16:34
Project developer The Climate Trust’s first offset fund is projected to yield a 14% return, with the majority of that profit stemming from appreciation in value through California’s compliance market, the organisation said Monday.
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CP Daily: Monday October 21, 2019

Tue, 2019-10-22 09:11
A daily summary of our news plus bite-sized updates from around the world.
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RGGI set to re-open New Jersey registry accounts

Tue, 2019-10-22 07:03
New Jersey compliance entities’ accounts previously registered in the CO2 Allowance Tracking System (COATS) will be re-opened as necessary ahead of the state’s return to RGGI next year, an official said, with numerous emitters having not yet registered.
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Switzerland’s Greens make major strides in election

Tue, 2019-10-22 00:51
Switzerland’s green parties took a combined fifth of the vote in the country’s general election on Sunday, a major swing that may give them a role in governing and pushing for more ambitious GHG reduction targets.
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LCFS Market: California prices push past $205 to new record

Tue, 2019-10-22 00:38
California Low Carbon Fuel Standard (LCFS) continued to set new records last week, marching past the $205 mark to draw closer to the programme’s proposed ceiling price.
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EU Midday Market Brief

Mon, 2019-10-21 22:18
EUAs edged higher early on Monday despite UK lawmakers' failure to endorse the latest Brexit agreement over the weekend that prolongs uncertainty about the fate of British emitters in the EU carbon market.
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NZ lawmakers propose stern restraints on international carbon credit use

Mon, 2019-10-21 18:55
New Zealand should only be allowed to use international carbon units to meet its domestic emission target in special circumstances, the parliamentary Select Environment Committee said Monday in its revised Zero Carbon Bill, which also retained controversial GHG goals for the agriculture sector.
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CP Daily: Friday October 18, 2019

Sat, 2019-10-19 10:38
A daily summary of our news plus bite-sized updates from around the world.
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CARBON FORWARD 2019: UK will update NDC early next year, seeks EU to follow –minister

Sat, 2019-10-19 07:53
The UK will update its Paris Agreement pledge early next year and is seeking the EU to follow in step or slightly later in encouraging other nations to act, UK climate minister Ian Duncan said Friday.
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CARBON FORWARD 2019: Veteran options trader sees binary Dec. expiry for benchmark EUA futures

Sat, 2019-10-19 05:44
Front-year EU carbon futures are likely to expire near €25 or €30 in mid-December, based on signals from the EUA options market, according to a veteran trader.
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PG&E bondholders, wildfire victims submit $29 bln alternative bankruptcy proposal

Sat, 2019-10-19 04:27
Competitors' bankruptcy proposal for Pacific Gas & Electric (PG&E) would funnel nearly $29 billion through two stock offerings to help cover the embattled California utility’s wildfire liabilities, according to a filing by bondholders and fire victims on Thursday.
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CARBON FORWARD 2019: EU carbon prices set to droop after peaking early next decade -analysts

Sat, 2019-10-19 01:38
Analysts expect EU carbon prices to climb sharply over the next few years but to then fall back as demand from industrial emitters eases as factories invest in cleaner production methods, a conference heard on Thursday.
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ECOSYSTEM MARKETPLACE: Will small forest owners finally be able to tap carbon markets?

Fri, 2019-10-18 23:50
The Wong family of Peru amassed a fortune building up a chain of supermarkets, but much of their wealth today is in real estate – including the 220,000-hectare (543,400-acre) Madeacre forestry concession that family’s late patriarch, Erasmo Wong, cobbled together in the province of Tahuamanu.
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EU Midday Market Brief

Fri, 2019-10-18 22:10
European carbon prices fell back on Friday on a weak auction result and amid pessimism that the Brexit deal agreed this week between Britain and the EU would pass UK parliament, with bearish implications for EUAs in most outcomes.
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CN Markets: Pilot market data for week ending Oct. 18, 2019

Fri, 2019-10-18 21:43
Closing prices, ranges and volumes for China's regional pilot carbon markets this week.
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Regulator data shows Australian near-term offset supply sufficient, but question marks ahead

Fri, 2019-10-18 19:23
With more than 5 million carbon credits sitting in the national offset registry, Australian developers are likely able to meet demand for the 2019-20 financial year, but the market could tighten considerably as issuance volume might shrink next year while government demand has yet to peak, Clean Energy Regulator data showed Friday.
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