SK Market: Korean CO2 prices plunge as govt moves to solve hoarding issue

Published 09:33 on May 20, 2019  /  Last updated at 09:33 on May 20, 2019  /  Asia Pacific, South Korea  /  No Comments

South Korean CO2 allowances fell nearly 6% in Monday trade as the government moves to impose restrictions on allowance banking, forcing supply to come to market over the next six weeks. Read More

NZ Market: NZUs drop to 3-mth lows on lingering fixed price uncertainty

Published 09:30 on May 20, 2019  /  Last updated at 09:30 on May 20, 2019  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances fell to their lowest levels since mid-February on Monday as last week’s government ETS announcement continued to dominate sentiment. Read More

Surprise Coalition election win ends push for tougher Australian climate policy

Published 04:42 on May 19, 2019  /  Last updated at 08:49 on May 19, 2019  /  Asia Pacific, Australia  /  No Comments

Australia’s right-wing Coalition government pulled off a surprise win in Saturday’s federal election, remaining in office to put an end to opposition plans to increase the nation’s emissions reduction ambitions and set up a CO2 baseline-and-crediting scheme for major emitters. Read More

After long wait, Oregon committee sends on cap-and-trade legislation

Published 00:21 on May 18, 2019  /  Last updated at 02:37 on May 18, 2019  /  Americas, Canada, US  /  No Comments

Oregon’s Joint Committee on Carbon Reduction approved a WCI-modelled carbon market bill on Friday on a party-line vote after more than three months of debate, moving the legislation one step closer to a full floor vote in the Democrat-controlled state. Read More

Governments go slow on UN shipping speed limits, barely tighten new vessel standards

Published 21:45 on May 17, 2019  /  Last updated at 13:31 on May 18, 2019  /  Climate Talks, International, Shipping  /  No Comments

Governments held up work this week on near-term emission reductions measures for international shipping until later in the year while tightening standards for new vessels that are largely being met anyway. Read More

US court rejects request for EPA to temporarily halt biofuel credit waivers

Published 21:10 on May 17, 2019  /  Last updated at 21:10 on May 17, 2019  /  Americas, RINs & LCFS, US  /  No Comments

A US appeals court turned down a biofuel trade group’s motion on Friday to temporarily halt 2018 compliance waivers under the Renewable Fuels Standard (RFS), but the organisation's related lawsuit against the EPA’s accelerated use of these exemptions will continue. Read More

California ETS advisory committee member considering options after job move

Published 17:54 on May 17, 2019  /  Last updated at 17:54 on May 17, 2019  /  Americas, Bavardage, Canada, US  /  No Comments

A California Independent Emissions Market Advisory Committee (IEMAC) member is considering whether to remain with the ETS monitor after taking a new position at the state's Independent System Operator (CAISO), a spokesperson for the grid operator said. Read More

US Carbon Pricing Roundup for week ending May 17

Published 18:16 on May 17, 2019  /  Last updated at 18:16 on May 17, 2019  /  Americas, Carbon Taxes, RINs & LCFS, US  /  No Comments

A summary of legislative and regulatory action on carbon pricing and clean energy at the US subnational and federal level taken this week, including the New Hampshire legislature passing a bill to divert RGGI funding to energy efficiency projects and remove an exit clause, the US House of Representatives discussing carbon taxes in the chamber’s tax-writing committee, and California officials floating the idea of banning internal combustion engines to counter federal vehicle fuel standard rollbacks. Read More

EU Market: EUAs slip to €25 as gas weakens to post 2.4% weekly loss

Published 20:01 on May 17, 2019  /  Last updated at 23:02 on May 17, 2019  /  EMEA, EU ETS  /  No Comments

EUAs sank for the second straight day on Friday as lower gas prices spurred another late downward move to secure a weekly loss as carbon consolidated further away from its recent 11-year high. Read More

NZ Market: New Zealand’s carbon price falters on cap confusion

Published 10:16 on May 17, 2019  /  Last updated at 10:16 on May 17, 2019  /  Asia Pacific, New Zealand  /  No Comments

NZUs slipped on Friday as traders were left confused by government plans to remove the market’s de-facto price cap, raising the prospect of a price correction and even inadvertently triggering substantial government demand for international credits. Read More

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