EU Market: EUAs hit new record near €45 as some see pullback ahead

Published 18:30 on April 16, 2021  /  Last updated at 21:00 on April 16, 2021  /  EMEA, EU ETS  /  No Comments

EUAs reached new heights on Friday, extending the all-time peak of earlier in the week amid wider positive market sentiment, with some experts predicting that carbon could pull back from these levels. Read More

Colombia proposes gradual incorporation of coal into national carbon tax  

Published 20:08 on April 16, 2021  /  Last updated at 12:35 on April 17, 2021  /  Americas, Carbon Taxes, South & Central, Voluntary Market  /  No Comments

The Colombian Ministry of Finance and Public Credit (Minhacienda) on Thursday put forth a long-awaited plan to include coal in the scope of the country’s roughly $5/tonne CO2 tax, though the full cost of the carbon fee on the fuel will not be fully phased in until the end of the decade. Read More

South Korea sets temporary ETS price floor

Published 08:05 on April 16, 2021  /  Last updated at 09:53 on April 16, 2021  /  Asia Pacific, South Korea  /  No Comments

South Korea will from Monday introduce a temporary minimum price in its emissions trading scheme, to halt declining price levels that have seen KAUs drop to 5-year lows, the environment ministry announced Friday. Read More

Oil companies structurally incapable of achieving net zero emissions, researchers say

Published 21:43 on April 16, 2021  /  Last updated at 21:43 on April 16, 2021  /  Americas, Asia Pacific, Canada, China, EMEA, International, US  /  No Comments

Fossil-fuel companies, long accused of using carbon offsets to avoid instead of accelerating the transition to a low-carbon future, may be structurally incapable of making that transition, according to a peer-reviewed paper published Thursday. Read More

NYISO continuing work with state officials after US FERC statement on carbon pricing

Published 17:49 on April 16, 2021  /  Last updated at 17:49 on April 16, 2021  /  Americas, Carbon Taxes, US  /  No Comments

Grid operator New York Independent System Operator (NYISO) is working with state officials to support its carbon pricing proposal for the wholesale power market after the US Federal Energy Regulatory Commission (FERC) concluded the agency has jurisdiction over the matter. Read More

EU carbon prices to surge to €75 this summer on rising oil, gas -analyst

Published 16:54 on April 16, 2021  /  Last updated at 16:54 on April 16, 2021  /  EMEA, EU ETS  /  No Comments

EU carbon prices look set to rise to €75 in Q3 of this year on the back of higher oil and gas prices, an analyst said on Friday. Read More

Speculators set pandemic-era high for weekly California carbon build, as emitters slash holdings

Published 22:09 on April 16, 2021  /  Last updated at 22:09 on April 16, 2021  /  Americas, Canada, US  /  No Comments

Financial entities increased their California Carbon Allowance (CCA) position this week by the greatest amount since late 2019, while regulated entities maintained their recent trend by continuing to shed permits, according to US Commodity Futures Trading Commission (CFTC) data published Friday. Read More

US Carbon Pricing and LCFS Roundup for week ending Apr. 16, 2021

Published 19:01 on April 16, 2021  /  Last updated at 19:01 on April 16, 2021  /  Americas, Canada, Carbon Taxes, RINs & LCFS, US  /  No Comments

A summary of legislative and regulatory action on carbon pricing, clean fuel standards, and clean energy at the US subnational and federal level this week, including developments in Washington, Oregon, and California. Read More

British Columbia LCFS deficit doubles after 2019 shortfall

Published 16:20 on April 16, 2021  /  Last updated at 16:30 on April 16, 2021  /  Americas, Canada, RINs & LCFS  /  No Comments

Deficits outpaced credit generation in the British Columbia Low Carbon Fuel Standard (LCFS) scheme for the third straight year in 2019, bringing the transportation sector programme’s aggregate short position to its steepest level yet, according to government data published Thursday. Read More

UPDATE - AirCarbon Exchange launches nature-based offsets contract, as rival sees its own first trade

Published 09:50 on April 16, 2021  /  Last updated at 00:55 on April 17, 2021  /  Africa, Americas, Asia Pacific, Bavardage, EMEA, International, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

Singapore-based AirCarbon Exchange (ACX) on Friday announced it has introduced a new contract for carbon credits from nature-based projects, as rival bourse Xpansiv cleared the inaugural trade of its similar offset product.  Read More