Carbon Pulse

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

California regulator ARB doled out just over 275,500 California Carbon Offsets (CCOs) this week following the zero issuance recorded earlier this month, with normally high-yielding forestry projects not receiving any credits for the first time since December.

Turkish bank Garanti outlined its shadow carbon pricing strategy on Wednesday, though the partial approach may fall short of addressing the company's ongoing investments in coal plants.

Higher EU ETS prices have helped slow the expected pace of global warming, according to London-based fund managers Schroders on Wednesday.

EU carbon prices are not rising to more elevated levels fast enough, France said on Wednesday after meeting with a small group of member states, reiterating its call for a bloc-wide carbon price floor starting with Europe's power sector.

Monthly revenues from EU carbon allowance auctions have for the first time topped the €1 billion mark, providing a major funding injection for governments as EUA prices hold near seven-year highs.

German-based energy exchange EEX increased turnover from its European environmental markets business by more than 50% in financial year 2017 after posting a sharp rise in secondary market CO2 trading volumes.

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EU carbon prices lifted to their highest levels so far this week as recent auction weakness appeared to dissipate following a spate of bearish sales.

China and the EU on Wednesday launched the three-year second phase of their emissions trading cooperation programme, a €10-million EU effort to help the world’s biggest-emitting nation to develop and launch its national cap-and-trade system.

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

Efforts to incentivise negative emission activities in the US are slowly emerging, but they face huge challenges to play more than a supporting role over the next decade.

Analysts Energy Aspects have raised their EU carbon price forecasts for the third time in as many months, though warned that the market appears to be getting “jittery” amid heightened options-related risk.

European carbon prices climbed back above €13 on Tuesday after a stronger auction encouraged buyers and appeared to trigger a bout of short-covering.

After years of rapid expansion, China is slamming the brakes on solar power capacity growth this year to shift its focus onto quality control and cost reduction, senior energy officials said Tuesday, signalling a bump in the road in the country’s efforts to wean itself off fossil fuels.

New Zealand carbon allowances fell 0.3% on Tuesday but still ended just 30 cents below the all-time highs hit in February as overall market sentiment remains bullish.

Japan this week issued the first-ever batch of offsets to a Thailand-based project under the Joint Crediting Mechanism (JCM), taking the number of host countries that have received carbon credits under the programme to five of Japan’s 17 partners.

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

The US EPA will begin treating CO2 emissions stemming from biomass combustion as carbon neutral, despite the agency’s own Scientific Advisory Board (SAB) having not settled on the issue.

Several stakeholders to the California Low Carbon Fuel Standard have urged regulator ARB to adopt an even stricter carbon intensity (CI) reduction target than in its latest proposal, while others have expressed concerns with the proposed third-party verification process and CCS protocol.