Carbon Pulse

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News and intelligence on carbon markets, greenhouse gas pricing and climate policy
Updated: 42 min 46 sec ago

COMMENT: Australia’s energy exports increase global greenhouse emissions, not decrease them

8 hours 13 min ago
Australian Energy Minister Angus Taylor's claim that Australia should be credited for emission cuts caused by its natural gas exports does not hold up against scrutiny, argues this op-ed by Frank Jotzo and Salim Mazouz of the Australian National University.
Categories: Around The Web

CP Daily: Wednesday June 19, 2019

8 hours 36 min ago
A daily summary of our news plus bite-sized updates from around the world.
Categories: Around The Web

Canadian Conservative climate plan to eliminate CO2 tax, may count exports for Paris target

8 hours 46 min ago
Poll-leading Canadian Conservative Party leader Andrew Scheer said Wednesday that he would eliminate the ruling Liberals’ ‘backstop’ carbon tax and alter its output-based pricing system (OBPS) if elected as prime minister this fall, while potentially exploring the use of low-carbon exports to claim emission reductions towards the country’s Paris Agreement GHG target.
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Senior Analyst/Manager, Climate Finance Tracking, Climate Policy Initiative – London

12 hours 54 min ago
The successful applicant will manage key projects and related teams in CPI’s Climate Finance Tracking workstream, and develop new analytical approaches and products to continue to build CPI’s reputation for impactful analysis on the state of global climate finance and support to key stakeholders.
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Oregon Senate slated to vote on ETS bill this week -govt official

13 hours 12 min ago
Oregon’s WCI-modelled cap-and-trade bill is expected to face a Senate vote later this week, despite Republicans threatening to explore various options to halt the proposal.
Categories: Around The Web

California fuel consumption dips for second straight month, as power emissions decline

14 hours 4 min ago
California’s fuel consumption continued to fall below prior years early in 2019, while greater hydro generation is also reducing ETS-covered emissions from the state’s electric grid, according to government data.
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Fund Climate Trust Capital begins monetising California offsets, eyes second investment vehicle

14 hours 9 min ago
US-based fund Climate Trust Capital (CTC) is beginning to sell California Carbon Offsets (CCOs) generated through its first round of project investments, and it is targeting the launch of a second fund by early next year.
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US EPA finalises ACE rule as weaker Clean Power Plan replacement, bans trading

14 hours 18 min ago
The US EPA finalised its Affordable Clean Energy (ACE) rule on Wednesday to replace the stayed Obama-era Clean Power Plan (CPP), with trading and biomass co-firing barred as compliance options and Democrat-led states already lining up to sue the agency.
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EU Market: EUAs stick near €25 as June options expire

15 hours 30 min ago
European carbon prices eased in another quiet session on Wednesday but remained within sight of €25, as the Jun-19 options expired to little fanfare.
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Wizz Air accepts Ryanair’s monthly CO2 data challenge, declares itself “greenest” airline

16 hours 44 min ago
European low-cost airline Wizz Air has taken up rival Ryanair’s challenge to publish monthly CO2 emissions statistics, declaring itself to be the continent’s “greenest” carrier.
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Carbon Asset Developer – Oxfordshire, UK

Wed, 2019-06-19 23:09
Are you an experienced Carbon Asset Manager? Would you like to work with a dedicated team of professionals to identify opportunities in the UK and overseas to develop carbon sequestration projects? If so, this role could be just up your street...
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Eastern EU states can speed coal exit by ceding control of ETS revenues -report

Wed, 2019-06-19 22:16
Eastern EU nations will better finance their clean energy transitions by transferring ETS auction proceeds to the bloc’s Modernisation Fund as rigid rules for other options would stifle investment, a report found on Wednesday.
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UPDATE – EU emitters up Kyoto offset usage as high EUA prices bite, deadline nears

Wed, 2019-06-19 21:44
Companies regulated by Europe’s carbon market have exchanged almost 16 million Kyoto Protocol offsets for EU Allowances in the past six months, significantly ramping up the practice as EUA prices hit an 11-year high and as the usage deadline approaches.
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Western Australia govt scrambles for alternatives to offset requirements for major emitters

Wed, 2019-06-19 19:05
The Western Australian government is considering options such as an industry-funded carbon abatement fund as alternatives to mandatory offsetting for major resources projects, which it considers would impose significant economic costs on the state’s fossil fuel industry.
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CP Daily: Tuesday June 18, 2019

Wed, 2019-06-19 07:54
A daily summary of our news plus bite-sized updates from around the world.
Categories: Around The Web

Pennsylvania set to perform external analysis on economy-wide ETS, extending timeline to 2020

Wed, 2019-06-19 04:17
Pennsylvania’s Department of Environmental Protection (DEP) will partner with outside consultants to model the economic effects of implementing a cap-and-trade programme, likely extending the timeline on whether to advance a green group-backed petition until at least 2020, an environmental source told Carbon Pulse.
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Four more countries back EU’s 2050 net zero emissions goal

Wed, 2019-06-19 03:49
At least four more countries have announced their support for an EU net zero 2050 emissions target, bringing the bloc closer to agreement on an initiative that could lead to a more ambitious ETS cap next decade.
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EU Market: EUAs inch further above €25 after stronger auction

Wed, 2019-06-19 03:41
EU carbon prices inched up on Tuesday after a strong auction lifted sentiment, but prices remained rangebound near €25.
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UPDATE – UK set to host 2020 UN climate talks after rival Italy backs bid

Wed, 2019-06-19 01:43
The British and Italian governments have agreed to partner on a proposal to co-host the 2020 UN climate talks, clearing the way for the UK to host the main summit, known as COP26.
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Brussels urges EU nations to show hand on EUA cancellations, non-ETS trading

Wed, 2019-06-19 01:32
Brussels urged member states on Tuesday to declare the extent of their planned EUA cancellations and to up their use of non-ETS trading amid a collective shortfall to the bloc's 2030 climate goals.
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