Carbon Pulse

The New Zealand government could see a NZ$2.1 billion ($1.4 bln) bump in revenue if it brought agriculture into its emissions trading scheme and phased out all free allocation of carbon permits, according to the government-appointed Tax Working Group.

Amid concerns that Australia might botch its Paris Agreement obligations, one of the nation’s biggest business groups on Friday said environmental concerns had no place in free trade talks with the EU and should be kept to relevant international forums such as the UNFCCC.

Closing prices, ranges and volumes for China's regional pilot carbon markets this week.

Germany’s auction of 4.36 million spot EUAs was cancelled on Friday because the clearing price was significantly below the price on the secondary market, according to host platform EEX.

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Poland has lodged a written request urging the EU to investigate whether EU ETS price increases have arisen due to market manipulation, junior energy minister Tomasz Dabrowski said Thursday.

A total of 11 entities have now applied for small refiner exemptions (SREs) from the Renewable Fuel Standard (RFS) for the 2018 compliance year, the US Environmental Protection Agency's (EPA) website showed Thursday.

RGGI allowance prices found support at higher levels this week, while California carbon allowance prices continued to slide on the secondary market.

More than half a million California Carbon Offsets may be stuck in frozen Ontario registry accounts after Premier Doug Ford cancelled the province's cap-and-trade programme, according to an analysis of state data, which if true would mean the multi-million dollar holdings are now worthless and unusable.

EU carbon is expected to resume its upward trajectory and quickly rebound from last week’s 30% crash as prices remain some distance from fuel-switch levels that would curb demand, analysts said.

A joint project between US electric vehicle (EV) stakeholders, an advisory firm, and an offset registry has yielded a new offset methodology to produce voluntary carbon credits from EV charging and help foster the growth of the sector.

EU carbon has retreated from its 10-year high touched last week, prompting one of the market’s top technical analysts to pontificate on where prices could head next.

Trading volumes in South Korea’s emissions trading scheme doubled in each of the programme’s first three years, with its overall value hitting 1.72 trillion won ($1.54 billion) despite the market being long 0.96% over the period, the government said.

EU carbon prices jumped above €22 early on Thursday to continue this week’s highly volatile activity amid surging energy prices.

Australia will hold the next auction under the Emissions Reduction Fund (ERF) on Dec. 11-12, with spending again likely to be below the A$100-million mark, the Clean Energy Regulator said Thursday.

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European carbon prices climbed 6% on Wednesday, shooting back above €21 after another UK auction failed as the market continued to experience high volatility.

The New York grid operator’s plan to implement a carbon charge on the state’s wholesale power market would have only a minimal impact on energy prices and customer costs, according to a study by consultancy The Brattle Group.

The US Department of Interior’s Bureau of Land Management (BLM) on Tuesday finalised a rule to roll back Obama-era standards on capturing methane emissions from drilling on public lands, the second time in as many weeks that the Trump administration has moved to ease regulations on the potent GHGs.

Mexico plans to roll out an emissions trading system (ETS) by 2022, one year later than the country's most recent thinking and after it will complete a three-year pilot programme starting next year, its environment ministry said in a statement.