Carbon Pulse

Japan should phase out all its coal-fired power plants by 2030, increase its ambition under the Paris Agreement and introduce a price on carbon as soon as next year in order to do its share to limit global warming, green group Kiko Network said in a report Friday.

Australia’s Clean Energy Regulator this week issued 458,135 carbon credits, with the majority awarded to major sellers to the government’s Emissions Reduction Fund (ERF).

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

Canadian Environment Minister Catherine McKenna announced Thursday that the federal government will invest funds in Ontario emissions reduction initiatives after the province scrapped its green programmes this summer associated with its cancelled cap-and-trade programme.

Germany will need to buy intergovernmental carbon units to cover a shortfall in its EU emission goals in non-ETS sectors, according to environment minister Svenja Schulze, who called for an expansion of carbon pricing domestically to avoid having to source foreign credits again in future.

European carbon rallied for a fifth day on Thursday, fully recovering from from the sell-off that sent prices to a four-month low a week ago, though experts say EUAs may face a tough challenge getting above €20.

California Carbon Allowance (CCA) prices declined on the secondary market ahead of next week’s auction, while traders showed little appetite to transact RGGI allowances (RGAs).

California regulator Air Resources Board (ARB) will return to its twice-a-month offset issuance schedule after issuing credits on a rolling basis ahead of the WCI's Nov. 1 compliance deadline, a state official told Carbon Pulse on Thursday.

Governments could save almost $300 billion a year on emission reductions by 2030 if they cooperate among each other rather than working alone, a conference heard this week.

On behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ), GIZ’s Climate Sector Project provides conceptual and practical input for designing and implementing national climate contributions.

Czechia-based utility CEZ caught up to its historical hedging levels over Q3, it said in quarterly results on Thursday that could be a bearish signal for EUAs.

The Carbon Fund successfully listed on the New Zealand Stock Exchange (NZX) on Thursday, having raised over NZ$1 million ($680,000) from investors by offering exposure to carbon allowances and credits.

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

California’s Air Resources Board (ARB) will retire future vintage allowances next year to meet the uncovered carbon obligations of the La Paloma generating station during the 2015-2017 period, pending approval of the regulator's proposed amendments, officials said.

Green group leaders are debating the efficacy of including Republicans in future climate policy efforts and resisting Trump administration environmental rollbacks after Democrats retook control of the House of Representatives in Tuesday's US midterms.

EUAs stretched their relief rally to a fourth day on Wednesday as another strong auction helped push prices above €18 and key technical resistance to further bolster bulls’ confidence.

Italian utility Enel advanced its hedging over the third quarter while it sold more power, it said in financial results on Wednesday, representing a slightly bearish signal for carbon.

India is aiming to launch a pilot carbon market mechanism for micro, small, and medium enterprises (MSMEs) and the waste sector by March of next year, according to official documents.

South Korea's government on Wednesday for the first time ordered selected coal- and oil-fired thermal plants to cut output in a bid to reduce heavy air pollution, an ad-hoc day-by-day move set to become a more regular occurrence impacting CO2 levels next year when the government imposes mandatory rules.

Countries should prioritise domestic emissions reductions over international credits, according to New Zealand’s Climate Change Minister James Shaw.