Carbon Pulse

A methane inhibitor given to cattle can reduce methane emissions by up to 80% and increase the supply of carbon offsets from related protocols, according to a new study released Friday.

Two California environmental agency officials and a pair from an independent market watchdog group will discuss improvements to the state’s WCI-modelled cap-and-trade programme at a Senate oversight hearing next week, but some advocates are seeking to delay the meeting, regulatory sources said.

A summary of legislative and regulatory action on carbon pricing, clean fuel standards, and clean energy at the US subnational and federal level this week, including developments in Oregon and Massachusetts.

EUAs rebounded to hit a new record above €40 on Friday, clawing back ground lost late yesterday and this morning as traders dismissed the prospects of regulators curbing speculative trade anytime soon.

Introducing carbon pricing across the six Western Balkan nations will support a coal power phaseout “within a reasonable timeframe”, despite lingering coal subsidies and expansion plans, a report showed on Friday.

The European Central Bank is looking for a Head of the Climate Change Centre to will lead the mainstreaming of climate action in all aspects of the ECB’s work.

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EUAs endured a boisterous day on Thursday, first reaching a new record of €40.12 and then plunging more than 3% in the last 20 minutes on news the European Commission was considering limiting speculative positions. It’s not the first time the Commission or member states have reacted to price volatility in the market, and I’m sure it won’t be the last. But something doesn’t quite add up here.

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Australia’s Clean Energy Regulator has released a second batch of carbon credits this week with Shell and Terra Carbon projects among the beneficiaries, while the nation’s lead oil and gas industry lobby group on Friday embraced a 2050 net zero emissions target with broad access to offsets.

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

California Low Carbon Fuel Standard (LCFS) prices retraced towards a recent six-month low this week as a surprising credit build during Q3 2020 continued to exert bearish pressure on the market.

RGGI Allowance (RGA) prices climbed to a nearly three-week high this week on thin secondary market activity, as California Carbon Allowance (CCA) values edged further away from the annual WCI floor price ahead of next week’s quarterly sale.

Oil major Shell set out plans on Thursday to significantly scale up its demand for nature-based carbon credits and CCS as part of its rising climate ambition over the next 15 years.

Canadian financial software company Abaxx Technologies has agreed to invest in blockchain-based venture AirCarbon, with the potential to scale up the partnership further when the Singapore-based emissions platform develops a regulated futures market, the companies announced Thursday.

The UK government has increased the reserve price in its upcoming carbon allowance auctions by almost 50% and has updated the rules governing the market's cost containment mechanism, it announced late Thursday.

EU carbon prices climbed above €40 for the first time ever early on Thursday amid bullish technical signals and growth in investor interest.

New Zealand on Thursday released for public consultation draft legislation that will put in place a confidential reserve price on NZU auctions meant to stop government sales of carbon allowances from clearing too far below secondary market prices.

Changing South Australian state legislation on lease periods for pastoral rangelands could help drive the generation of millions of carbon credits across the state every year, according to a report released Thursday.

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