Carbon Pulse

CO2 emissions from fossil fuel combustion in the EU rose by an estimated 1.8% in 2017, according to the bloc’s statistics office Eurostat.

Australia’s Clean Energy Regulator this week handed out 738,134 carbon credits to maintain its recent above-average issuance rate as a small secondary market for carbon offsets continues to form.

The Guangdong provincial government this week issued some 61,000 carbon credits in its first issuance since last June, as China’s national offset programme remains sidelined.

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.

South Korea has posted the final rules on use of UN-issued carbon credits from international projects in its domestic emissions trading scheme.

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The Climate Action Reserve’s revised grasslands protocol offers developers significant savings that could usher in a host of new US-based initiatives, experts said, as the project type’s profile rises.

North American carbon prices in the RGGI market increased slightly this week on the back of expectedly bullish emissions data, while WCI prices idled for another week ahead of the market’s second tripartite auction later this month.

EU carbon prices fell for the third consecutive session on Thursday to end below €13 for the first time in almost two weeks.

The faster-than-expected expansion of renewables worldwide is helping to narrow the gap to Paris Agreement goals, despite some governments making little progress on climate action and the effects of US President Trump’s policies not yet taking hold, researchers said Thursday.

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The Hawaii House and Senate have again passed two carbon offset and sequestration-related bills after a bicameral committee made minor changes to both pieces of legislation in April.

EU carbon prices continued to slide on Wednesday, dropping below €13 for the first time in a week as weaker power prices weighed despite some improved signs of auction demand.

New global carbon markets and heightened consumer and corporate interest will bolster international demand for land-based offset projects developed in Alberta despite concerns about environmental integrity, Canadian environmental consultants said on Wednesday.

More than 260 installations and airlines operating under the EU ETS, or just over 2% of the total covered, were listed as being in non-compliance with the scheme for 2017, data published by the European Commission on Wednesday showed.

The European Commission has proposed to earmark a fifth of EU ETS auction revenue for the post-Brexit 2021-2027 central EU budget, for which it wants to raise climate-related spending by 5%.

One of Australia’s leading climate and energy policy experts has taken up a new role as senior climate and energy advisor to the Victorian state government.

The Aboriginal Carbon Fund has launched a new fund seeking to trade carbon credits that provide additional environmental, social and cultural benefits for indigenous communities in Australia.

If Australia wants to use international carbon credits to meet its Paris target it should start seeking out potential bilateral partnerships now, but may find many governments reluctant to export them, according to observers.

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