Carbon Pulse

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

California voters elected Democrat Gavin Newsom as their next governor, while Democrats flipped one of the eight gubernatorial races in the RGGI area during Tuesday’s midterm elections.

Washington’s second attempt at letting voters decide on implementing the first state-led carbon tax in the US appeared destined for failure on Tuesday evening, marking the latest setback in the Evergreen State’s ongoing struggle to put a price on carbon.

Despite the scientific evidence, there are still nations that are either not convinced of the need to reduce emissions, or are unwilling to do so. But real demand for change is growing at ground level. Consumers around the world are paying greater attention to the environment and the climate, and making changes to their own lifestyles. They are also starting to ask uncomfortable questions of the businesses that supply them.

Designing Climate Solutions: A Policy Guide for Low-Carbon Energy combines the latest research and analysis on low-carbon energy solutions from electric vehicles to renewable energy. It is the first book to identify which specific policies, applied to the top 20 most-emitting countries, can have the largest potential impact to reduce emissions enough for a 50% chance of keeping global warming to a safe level.

Companies regulated by Europe's carbon market exchanged roughly twice as many Kyoto credits for compliance-eligible EU Allowances over the last six months as they did during the same period in 2017.

Oregon regulators should consider ending complementary GHG reduction policies if the state wants to promote a cost-effective and environmentally-sound cap-and-trade programme in the future, according to a new study from a Harvard professor and an economic consultant.

EU carbon continued to recover from late October’s collapse on Tuesday, with a strong auction result helping prices bust through several more technical levels to reach a six-day high near €18.

Three Mongolian carbon offset projects have been issued credits under Japan’s Joint Crediting Mechanism (JCM), nearly doubling the amount of credits generated so far, although the Japanese government retained the majority of the offsets.

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

Current EU carbon prices around €16-17 per tonne are "acceptable" to Poland, the country’s energy minister said this weekend after urging for the European Commission over the past two months to intervene and cool the market.

Quebec saw higher fuel emissions in the final two years of its cap-and-trade programme's second compliance period to cause a shortage of available allowance supply, making it a net buyer in the Western Climate Initiative (WCI), data shows.

The European Commission is urging EU states to file a difference to the rulebook on the UN’s CORSIA, a Commission official said Monday, a move that casts further doubt on the future of the aviation offsetting scheme.

European carbon prices held above €17 on Monday, recovering from an earlier drop spurred by a weak and somewhat peculiar auction result.

Governments should wait two or three years before setting a global aviation emission goal in case they "lose focus" on implementing the CORSIA offsetting mechanism, which is designed to limit emissions at 2020 levels, senior aviation representatives told a conference Monday.

ICIS has added to its growing roster of analysts by hiring a veteran EU ETS expert.

Indonesia, one of the world’s biggest GHG emitters, could have an emissions trading system or similar market mechanism ready for launch as early as 2021, a government official said.

Tuesday's US midterm elections are unlikely to have a significant near-term impact on the RGGI carbon market or California’s suite of climate initiatives, but the winners could play a key role in developing those and other programmes further down the line, legislative experts said.

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

The Dec-18 EUA contract on ICE shot up by nearly €2 on Friday to climb back above €17, leaving behind the previous day's four-month low to finish the week down 6.6%.