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British Columbia forestry offset protocol would render projects unviable -stakeholders

Published 23:50 on June 18, 2021  /  Last updated at 00:10 on June 19, 2021  /  Americas, Canada, Voluntary Market  /  No Comments

A high maximum credit contribution to a contingency account is among the factors threatening the economic viability of British Columbia’s proposed forestry carbon offset protocol (FCOP), trade associations and project developers told Carbon Pulse. Read More
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WCI auction volume edges down slightly for August sale, with further reductions expected for Q4

Published 20:11 on June 18, 2021  /  Last updated at 20:37 on June 18, 2021  /  Americas, Canada, US  /  No Comments

The Q3 California-Quebec auction will include slightly fewer allowances than the May quarterly sale, while the final WCI auction of 2021 is slated to see a more significant reduction, according to an auction notice published Friday afternoon. Read More
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US Carbon Pricing and LCFS Roundup for week ending June 18, 2021

Published 19:37 on June 18, 2021  /  Last updated at 20:23 on June 18, 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 Pennsylvania, North Carolina, Illinois, and California.  Read More
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Strong carbon price “a core element” of building decarbonisation, says think-tank

Published 17:12 on June 18, 2021  /  Last updated at 17:12 on June 18, 2021  /  EMEA, EU ETS  /  No Comments

Introducing a carbon price for buildings, paired with additional energy efficiency measures, will be needed for the sector to reduce its carbon footprint in a socially just manner, a Germany-based think-tank said Friday. Read More
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Analysts see initially modest China carbon price rapidly rising after 2025

Published 11:34 on June 18, 2021  /  Last updated at 11:34 on June 18, 2021  /  China, China's National ETS, China's Offset Market, China's Pilot Markets  /  No Comments

China’s emissions trading market will likely see modest prices of around 40 yuan ($6.21) initially due to oversupply, quickly rising in the second half of the decade as the scheme is gradually tightened and more sectors brought in, analysts said Friday. Read More
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SK Market: KAUs extend losses in rush to avoid cancellations

Published 12:13 on June 18, 2021  /  Last updated at 12:13 on June 18, 2021  /  Asia Pacific, South Korea  /  No Comments

South Korean carbon permits fell another 8% on Friday to hit their lowest since Dec. 2015, as sellers remained desperate to offload KAUs to boost the number of allowances they can bank into next year. Read More
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Euro Markets: EUAs rebound on power gains to limit weekly loss to 1.5%, UKAs trade at discount

Published 18:48 on June 18, 2021  /  Last updated at 00:22 on June 19, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

EUA prices climbed above €52 as power price gains dragged carbon higher, while UKAs traded at a discount for the first time as the prospect of additional supply loomed larger. Read More
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Philippines ministry backs intensity-based carbon market

Published 09:04 on June 18, 2021  /  Last updated at 09:12 on June 18, 2021  /  Asia Pacific, Other APAC  /  No Comments

The Philippines Department of Finance is backing an intensity-based emissions trading scheme initially limited to the power industry, rather than a carbon tax, according to reports in local media. Read More
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UN climate talks to take political dimension after 'no breakthroughs' on Article 6

Published 18:39 on June 17, 2021  /  Last updated at 18:58 on June 17, 2021  /  Aviation/CORSIA, Climate Talks, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

Ministers from 40 nations will aim to advance international emissions trade talks on the Paris Agreement’s Article 6 next month, after scant progress by officials during a three-week virtual UN meeting. Read More
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INTERVIEW: Rabobank to launch voluntary credits marketplace in early 2022, says carbon bank CEO

Published 20:35 on June 17, 2021  /  Last updated at 20:35 on June 17, 2021  /  Africa, Americas, Asia Pacific, Carbon Taxes, CBAM, Conversations, EMEA, EU ETS, International, Other APAC, South & Central, US, Voluntary Market  /  No Comments

Rabobank intends to launch its marketplace for carbon credits generated from sustainable agricultural practices early next year, the CEO of its newly-launched Rabo Carbon Bank told Carbon Pulse. Read More
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Analysts lower WCI offset demand expectations for third compliance period

Published 23:06 on June 17, 2021  /  Last updated at 23:06 on June 17, 2021  /  Americas, Canada, US  /  No Comments

California and Quebec regulated entities are expected to turn in a lower number of offsets than previously forecast for the upcoming third compliance period of the WCI cap-and-trade programme, analysts said Thursday. Read More
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NA Markets: CCAs flirt with $22 before edging down, as RGGI rises on thin activity

Published 22:43 on June 17, 2021  /  Last updated at 22:43 on June 17, 2021  /  Americas, Canada, US  /  No Comments

California Carbon Allowance (CCA) prices set a new all-time high this week before retracing slightly on lower activity, while RGGI permits inched up on thin trading volumes despite few near-term drivers. Read More
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Dominion seeks approval of RGGI rate case by July amid calls for further analysis

Published 22:57 on June 17, 2021  /  Last updated at 22:57 on June 17, 2021  /  Americas, US  /  No Comments

Dominion Energy has asked the Virginia State Corporation Commission (SCC) to approve its RGGI rate request next month, while an environmental group continued to advocate for more long-term analysis of carbon market compliance options despite the utility’s pushback.  Read More
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SK Market: KAUs fall to fresh 5-year low as buyers call the shots

Published 08:49 on June 17, 2021  /  Last updated at 08:49 on June 17, 2021  /  Asia Pacific, South Korea  /  No Comments

South Korean carbon permits slumped 9.7% in Thursday trade to hit their lowest levels since Feb. 2016, as buyers are faced with a market flush with supply. Read More
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COMMENT: Voluntary carbon market - broken more than breakthrough

Published 15:33 on June 17, 2021  /  Last updated at 18:39 on June 17, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Bavardage, China's Offset Market, Climate Talks, Conversations, EMEA, International, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, Other APAC, REDD, South & Central, US, Views, Voluntary Market  /  No Comments

The voluntary carbon market is supposed to be saving the world. Instead many carbon credit retailers are lining their pockets, warns market veteran and Redshaw Advisors founder Louis Redshaw. Read More