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California power emissions near 3-year high in July, as spring fuel consumption eases
Power sector emissions in California rose in July above the previous year's monthly estimate by the California Independent Systems Operator (CAISO), while fuel consumption dropped slightly in May due to lower diesel sales, according to state data. Read MoreTop
California's advisory committee raises concerns about surplus finding in carbon market
California’s Independent Emissions Market Advisory Committee (IEMAC) on Friday urged the Air Resources Board (ARB) to further analyse the impact of surplus allowances on the cap-and-trade programme and to examine metrics to track the number of banked allowances. Read MoreTop
EU Market: Amid wild swings, EUAs post 11% weekly rise despite second auction failure
EU carbon prices finished higher on Friday in a choppy session spurred by the second failed auction of the week, notching an 11% weekly rise following a string of highly volatile sessions. Read MoreTop
EUAs unlikely to make more gains in 2018, and even risk a crash -analysts
EU carbon prices are unlikely to climb any more this year after tripling in value, analysts said, adding that there's possibility that EUAs could crash if speculators launch a mass sell-off. Read MoreTop
German EUA auction fails, sending prices reeling
Germany’s auction of 4.36 million spot EUAs was cancelled on Friday because the clearing price was significantly below the secondary market, according to host platform EEX. Read MoreTop
Massachusetts introduces amendments to finalise RGGI post-2020 rules
Massachusetts’ Department of Environmental Protection (DEP) released amendments to finalise regulations that would install the post-2020 Regional Greenhouse Gas Initiative (RGGI) changes, including the emissions containment reserve (ECR). Read MoreTop
Australian business group seeks to keep climate issues out of EU trade talks
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. Read MoreTop
Ending free ETS allocation could boost New Zealand revenue NZ$2.1b/year
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. Read MoreTop
Waste coal mine gas operator off mark in latest Australian offset issuance
Energy firm EDL received its first offsets from the Clean Energy Regulator this week, having contracted to sell more than 2.5 million carbon credits to the Australian government from four waste coal mine gas power stations. Read MoreTop