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UPDATE - EU strikes deal on aviation coverage in the bloc's carbon market
EU co-legislators have struck a provisional political deal in the early hours of Wednesday that would have flights within the bloc paying for all their CO2 emissions from 2026. Read MoreTop
Euro Markets: Midday Update
A significantly below-market auction dragged EUA futures lower on Wednesday morning as prices slumped 1.2%, though higher energy prices reacting to colder weather forecasts offered some support. Read MoreTop
Methodology uncertainties continue to distress China's offset market -observers
Concerns surrounding eligible methodologies for China's voluntary market continue to distress project developers, though the long-awaited relaunch of the country's national offset programme could be only months away, experts told Carbon Pulse. Read MoreTop
World Bank, IETA, Singapore launch global initiative to unify carbon credit registry data
A group of international partners has launched an open-source metadata system to share information about carbon credits that aims to improve transparency for carbon markets, they announced on Wednesday. Read MoreTop
Korean ETS emitters expect free allocation to stop flowing from 2026, leaving little time to meet 2030 NDC
South Korean emitters covered under its domestic emissions trading scheme are concerned that its allocation plan will align with its 2030 NDC from 2026, providing limited time to cut emissions sufficiently to meet the national target, according to a market expert. Read MoreTop
US airline JetBlue scales back VER purchases to focus on nature-based credits, operational improvements
Low-cost airline JetBlue on Tuesday announced it will next year end its strategy to automatically offset emissions from all domestic flights, and instead invest that capital in destination-specific nature-based carbon credits and reducing GHGs from its own operations. Read MoreTop
UPDATE - NZUs dip below NZ$80 mark in final 2022 auction
New Zealand on Wednesday sold all the allowances on offer at the final ETS auction of the year, with the sale clearing below NZ$80 ($50.57) amid a slight dip in demand. Read MoreTop
Large established carmakers set to struggle to meet net-zero targets
Most large multinational automakers are struggling to electrify their fleets and secure access to critical battery materials despite these firms setting ambitious net zero emissions goals, a report has found. Read MoreTop
PREVIEW: RGGI Q4 auction settlement expected to align with secondary market
Traders largely believe the December RGGI auction will clear in line with secondary market pricing, as steady compliance demand runs up against regulatory uncertainty in Virginia and Pennsylvania, and a low capacity for returns scares off speculative participation. Read MoreTop
California legislators reintroduce proposal to strengthen 2030 climate target
California lawmakers on Monday put forth related bills to ramp up the state’s 2030 emissions reduction target, coming after the proposal failed in the most recent legislative session and state regulator ARB’s Scoping Plan aims for deeper climate mitigation. Read MoreTop
Industry groups urge EU to include export support in carbon border measures
Industry representatives are piling pressure on European institutions to introduce WTO-compliant ‘export adjustments’ to the proposed carbon border adjustment mechanism (CBAM) as talks over the mechanism near closure. Read MoreTop
Euro Markets: EUAs rebound as pre-expiry positioning props up prices
EUAs recorded modest gains on Tuesday as speculative positioning kept support for the Dec-22s ahead of an imminent options expiry, though a late sell-off saw most of the earlier strong gains erased. Read MoreTop
EU legislators bid to resolve differences on aviation's place in the ETS
EU co-legislators are meeting late on Tuesday to try to reach agreement on how aviation should be treated in the bloc's carbon market, though one well-placed source expected the talks to need more time. Read MoreTop
Developer tries again with mammoth batch of new REDD projects
An Indian developer and consultancy, which has previously seen a large forestry scheme rejected, is behind three huge new REDD projects attempting to bring fresh annual supply of more than 38 million carbon credits into the voluntary carbon market (VCM). Read MoreTop
