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ANALYSIS: EU industry seeks to safeguard flow of free carbon units as virus impact skews
EU heavy industry is lobbying to ensure its allocation of free carbon allowances is maintained once production recovers from massive drops due to the coronavirus outbreak, business sources have told Carbon Pulse. Read MoreTop
FEATURE: Verra aims for more streamlined process with in-house offset registry
Offset standard developer and manager Verra is seeking to cut red tape and costs for stakeholders by launching its own registry, becoming the latest US-based organisation to administer its own system. Read MoreTop
Chile to implement CO2 budget, consider markets in updated NDC
Chile will aim to peak its GHG emissions in 2025 and set a carbon budget for the coming decade as part of its new Paris Agreement contribution submitted Thursday, and will also start a public-private dialogue on how international emissions trading may help meet those targets. Read MoreTop
EU Market: EUAs slip back from 1-month high amid wild speculator-led swings
EUAs hit a fresh one-month high on Thursday but sank back towards €21 in choppy trade following this morning's auction and as wider markets fluctuated wildly on mixed news. Read MoreTop
NA Markets: California allowances retrace gains amid further volatility, RGGI finds support
California Carbon Allowance (CCA) prices ceded previous gains during another hectic week of trading as participants remain wary of how the COVID-19 pandemic will impact WCI emissions, while RGGI allowances (RGAs) maintained their recent bullish trend. Read MoreTop
Several states postpone CORSIA reporting deadline as virus-decimated airlines plea for changes
At least three large nations have postponed CORSIA deadlines for their airlines to report 2019 emission data due to coronavirus disruptions, even as auditors insisted on Thursday that the checks can be completed with little difficulty. Read MoreTop
Nova Scotia to offer 640k carbon allowances at inaugural ETS auction
Nova Scotia will offer 640,000 permits in the cap-and-trade programme’s first auction on June 10, the Canadian province’s environment ministry announced Thursday. Read MoreTop
NZ Market: NZUs get boost ahead of Easter break
New Zealand carbon allowances saw a second straight day of gains on Thursday, ending at a high ahead of the Easter break as the market continues to find support above NZ$24. Read MoreTop
Canada moves to delay 2019 deadlines for ‘backstop’ large emitter programme
The Canadian environment ministry proposed Wednesday to delay the 2019 reporting and compliance deadlines for the federal ‘backstop’ output-based pricing system (OBPS), potentially giving large stationary emitters more time to procure offsets or surplus credits. Read MoreTop