South Africa publishes new draft carbon tax bill, with implementation further delayed

Published 19:44 on December 15, 2017  /  Last updated at 19:45 on December 15, 2017  /  Africa, Carbon Taxes, EMEA, International, Kyoto Mechanisms, Voluntary Market  /  No Comments

The South African government on Thursday published a second draft of its long-delayed carbon tax bill, making a number of amendments based on stakeholder comments received following the release of the previous iteration in 2015. Read More

EU Market: EUAs clamber back above €7 amid strong pre-pause auction, notching tiny weekly gain  

Published 20:02 on December 15, 2017  /  Last updated at 01:43 on December 16, 2017  /  EMEA, EU ETS  /  No Comments

European carbon prices ended higher on Friday as a strong auction lifted the market following a brief drop below €7 that attracting more bargain buying. Read More

China asks for fresh CO2 data from eight targeted ETS sectors

Published 09:18 on December 15, 2017  /  Last updated at 09:18 on December 15, 2017  /  China, China's National ETS, China's Pilot Markets  /  No Comments

China on Friday asked all eight sectors originally intended to join its emissions trading scheme to submit 2016 and 2017 CO2 data verification by the end of Q1 next year as the government lays the groundwork for the new market, which is expected to be launched next week in a narrower format. Read More

China, Japan, Korea carbon market links resurface as talks set for next week

Published 10:50 on December 15, 2017  /  Last updated at 01:52 on December 16, 2017  /  Asia Pacific, China, China's National ETS, Japan, South Korea  /  No Comments

A government-backed roundtable on Northeast Asian carbon pricing is convening next week as the imminent launch of China’s national emissions trading scheme raises the issue of a common approach across China, Japan and South Korea. Read More

Washington Gov. Inslee floats new carbon tax proposal

Published 20:32 on December 15, 2017  /  Last updated at 01:59 on December 16, 2017  /  Americas, Carbon Taxes, US  /  No Comments

Washington state Governor Jay Inslee has once again proposed a carbon tax to help fund education spending. Read More

Terra Carbon gets biggest share in latest Australian offset issuance

Published 09:06 on December 15, 2017  /  Last updated at 09:06 on December 15, 2017  /  Asia Pacific, Australia  /  No Comments

Developers Terra Carbon received more than 100,000 Australian Carbon Credit Units (ACCUs) this week from a project type the Climate Change Authority has defended against claims of non-additionality. Read More

CN Markets: Pilot market data for week ending Dec. 15, 2017

Published 12:21 on December 15, 2017  /  Last updated at 01:52 on December 16, 2017  /  China, China's Pilot Markets  /  No Comments

Below is a table of the closing prices, ranges and volumes for China's regional pilot carbon markets this week. All prices are in RMB, and volumes in tonnes of CO2e. Data sourced from local exchanges. Read More

A WCI-Ontario divorce could be “messy”, analysts warn 

Published 01:23 on December 15, 2017  /  Last updated at 08:47 on December 15, 2017  /  Americas, Canada, US  /  No Comments

The Ontario Progressive Conservative party’s promise to cancel the province's cap-and-trade programme could lead to a “messy divorce” from the remaining WCI jurisdictions, analysts have warned. Read More

EU lawmakers fail to finalise Paris climate package after deadlock on non-ETS targets

Published 18:14 on December 14, 2017  /  Last updated at 18:14 on December 14, 2017  /  EMEA, EU ETS  /  No Comments

The EU will not finalise its post-2020 climate laws this year after all-night talks on the Effort Sharing Decision for non-ETS sectors broke down early Thursday morning. Read More

NA Markets: Markets calm ahead of holiday season

Published 01:07 on December 15, 2017  /  Last updated at 01:07 on December 15, 2017  /  Americas, Canada, US  /  No Comments

North American carbon markets began to wind up ahead of the holiday season and the expiry of the current front-year contracts. Read More

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