Resources boom makes Australia world’s third-biggest exporter of fossil fuel CO2 -report

Published 03:41 on August 19, 2019  /  Last updated at 03:42 on August 19, 2019  /  Asia Pacific, Australia  /  No Comments

Australia’s massive and increasing fossil fuel industry has made it the world’s third-biggest exporter of carbon emissions, with its share set to rise further without new government policies, a report said Monday. Read More

Higher CO2 price should be focus of California allowance oversupply talks -experts

Published 01:16 on August 17, 2019  /  Last updated at 01:23 on August 17, 2019  /  Americas, Canada, RINs & LCFS, US  /  No Comments

California should worry less about hitting the state’s long-term GHG goal and focus on raising carbon allowance prices to stimulate innovation and allay concerns about the oversupply of CO2 permits in its ETS, economists said at public hearing Friday. Read More

Norway halts forest payments to Brazil

Published 03:06 on August 16, 2019  /  Last updated at 08:07 on August 16, 2019  /  Americas, EMEA, International, REDD, South Korea  /  No Comments

Norway has halted payments to the Amazon Fund for deforestation efforts in Brazil, claiming the Bolsonaro government has broken the terms of their agreement. Read More

EU Market: EUAs extend five-week low below €26 for 7.7% weekly loss

Published 19:15 on August 16, 2019  /  Last updated at 19:55 on August 16, 2019  /  EMEA, EU ETS  /  No Comments

EUAs extended a five-week low below €26 on Friday to cap a week of sliding prices on a slew of bearish technical and fundamental signals. Read More

Australian offset issuance drops, but ERF delivery holds steady

Published 09:28 on August 16, 2019  /  Last updated at 09:28 on August 16, 2019  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator issued just over 190,000 carbon credits this week, just a third of last week’s volume but close to the long-term average. Read More

CN Markets: Pilot market data for week ending Aug. 16, 2019

Published 11:32 on August 16, 2019  /  Last updated at 11:32 on August 16, 2019  /  China, China's Pilot Markets  /  No Comments

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

California utility PG&E to present reorganisation plan by Sep. 9

Published 19:09 on August 15, 2019  /  Last updated at 00:00 on August 16, 2019  /  Americas, Canada, US  /  No Comments

Embattled California utility Pacific Gas & Electric (PG&E) will submit its reorganisation plan three weeks ahead of a late September deadline, according to a recent filing, as the company attempts to prevent a bankruptcy court from considering competing proposals from its creditors. Read More

EU Market: EUAs stumble to new 5-week low as sellers remain in control

Published 18:33 on August 15, 2019  /  Last updated at 20:07 on August 15, 2019  /  EMEA, EU ETS  /  No Comments

European carbon dropped to a fresh five-week low below €26 on Thursday, undoing all of July's gains, as traders said speculative sellers, Brexit fears, and wider macroeconomic worries were pressuring. Read More

EEX calls for overhaul of EU carbon auction schedule

Published 21:30 on August 15, 2019  /  Last updated at 21:41 on August 15, 2019  /  EMEA, EU ETS  /  No Comments

German energy exchange EEX has called for EUA auction rules to be modified and the sale schedule to be overhauled. Read More

NA Markets: WCI rises ahead of next week’s auction, while RGGI hits 11-mth low

Published 17:28 on August 15, 2019  /  Last updated at 17:28 on August 15, 2019  /  Americas, Canada, US  /  No Comments

California Carbon Allowance (CCA) prices rose this week ahead of the WCI cap-and-trade programme’s quarterly sale, while RGGI allowances (RGAs) exacerbated their ongoing skid. Read More