Carbon Pulse

EDF is looking for a program coordinator to provide support for a broad range of initiatives with an immediate focus on tracking projects related to air quality and climate change in India and support for setting up a formal EDF presence in India.

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

The Manitoba government published a discussion paper on Monday laying out how an output-based pricing system (OBPS) would give heavy emitters more flexibility under the Canadian province’s upcoming CO2 tax.

EU carbon prices held above €17 for a seventh straight day in quiet trade on Monday, continuing to consolidate at higher levels ahead of the annual reduction of summer EUA supply.

California Low Carbon Fuel Standard (LCFS) prices rose to yet another new record on Monday as the week-long bull run closed in on the programme’s quarterly data release.

Massachusetts utilities inked a deal with a cross-border hydroelectric project last week, helping the state close in on its emissions reduction and clean energy targets and successfully circumventing delays in the state's original selection.

New Zealand carbon allowances saw a third consecutive session of minor losses on Monday, putting an end to the recent bull run that saw spot allowances set a remarkable eleven records in just over a month.

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

Ontario entities that were not holding enough allowances to cover their emissions prior to Premier Doug Ford revoking the province’s cap-and-trade regulation earlier this month will be deemed in compliance as the government winds down the programme, the environment ministry confirmed on Friday.

US state-led Renewable Portfolio Standards (RPSs) are in need of reform to stimulate a more rapid transition to renewable energy and avoid crediting dirty energy forms that are undermining programme goals, according to an NGO report released this week.

EU carbon prices held above €17 for a sixth straight day on Friday, as buying interest around that key level offset the bearish effect of a weak auction result earlier in the day.

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.

Australia’s Clean Energy Regulator this week handed just over 404,000 carbon credits to 14 projects under the national emissions offset programme, taking the total issuances so far this year past 9 million.

Australia’s Department of the Environment and Energy issued a consultation paper late Friday regarding a series of changes to its Safeguard Mechanism that would allow higher CO2 emissions from the nation’s largest facilities.

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

This position serves as one of the agency’s statewide experts in climate change mitigation policy; providing technical analysis, consultation, and policy development, in addition to interacting with other state and national experts in climate change policy, stakeholder groups, and elected officials. The successful candidate will evaluate and develop climate change policy recommendations for DEQ’s senior management team and director, as well as participate in the development of legislation and regulations to reduce greenhouse gas emissions.

California Low Carbon Fuel Standard (LCFS) prices overcame a slight retreat in prices this week to reach another record on Thursday, after market participants digested reports that the US federal government may end the state’s higher fuel economy and zero-emissions vehicle (ZEV) standards.

North American carbon prices and volumes rose modestly along both coasts this week as the WCI market shrugged off the introduction of a bill to rescind Ontario’s cap-and-trade programme, while increased buying helped lift RGGI allowances.

EU carbon prices held above €17 on Thursday, briefly dipping below that mark earlier in the session on a weak auction and sliding power prices before a late recovery sent EUAs back towards the previous settle.

German utility EnBW advanced its Y+2 hedging considerably over the second quarter, but this still left the company somewhat less hedged overall compared to a year earlier.