Domestic market, price controls at heart of German plan to tackle non-ETS emissions

Published 20:55 on September 20, 2019  /  Last updated at 01:14 on September 21, 2019  /  Carbon Taxes, EMEA, EU ETS, International, New Market Mechanisms  /  No Comments

The German government on Friday unveiled a comprehensive new €50 billion climate plan, which centres around a domestic trading scheme for the country’s transportation and heating sectors, and price controls for both EU ETS and non-ETS allowances. Read More

California's IEMAC suggests automatic supply triggers, exploring devalued banked ETS allowances

Published 17:06 on September 20, 2019  /  Last updated at 00:56 on September 21, 2019  /  Americas, Canada, US  /  No Comments

California regulator ARB should develop automatic supply triggers to manage the volume of ETS compliance instruments in circulation, while examining whether banked allowances should be discounted based on vintage year, according to a draft watchdog report released Friday. Read More

November WCI auction will include 76.5 mln allowances

Published 20:22 on September 20, 2019  /  Last updated at 00:59 on September 21, 2019  /  Americas, Canada, US  /  No Comments

California and Quebec's final carbon auction of 2019 on Nov. 19 will include nearly 76.5 million current and future vintage allowances, according to a notice released Friday. Read More

Climate backstop, border adjustments sticking points for US CO2 pricing bills -experts

Published 19:48 on September 20, 2019  /  Last updated at 01:38 on September 21, 2019  /  Americas, Carbon Taxes, US  /  No Comments

Numerous carbon pricing bills introduced in the US Congress this year could require further work in order to properly implement a price-ratcheting mechanism tied to GHG goals and a border adjustment for fossil fuel exports and imports, experts said Friday. Read More

EU Market: EUAs lift further above €26 to eke out tiny weekly gain

Published 19:20 on September 20, 2019  /  Last updated at 00:21 on September 21, 2019  /  EMEA, EU ETS  /  No Comments

EUA prices continued to recover from this week's losses, climbing further above €26 on Friday as the energy complex continued to lift on rising geopolitical tensions. Read More

EU ETS faces 2.2 bln permit surplus due to coal phaseouts -report

Published 21:06 on September 20, 2019  /  Last updated at 01:10 on September 21, 2019  /  EMEA, EU ETS  /  No Comments

The phasing out of coal power across the EU could result in up to 2.2 billion unused EUAs that risk weighing on prices unless lawmakers enact further reforms, according to environmental campaigners Carbon Market Watch. Read More

France convinces Germany to consider EU carbon border measure

Published 20:33 on September 20, 2019  /  Last updated at 01:13 on September 21, 2019  /  Climate Talks, EMEA, EU ETS, International  /  No Comments

Germany has agreed to France’s urgings to consider an EU carbon border measure, adding to the increasing number of European proponents for a policy to shield the bloc’s industry from foreign rivals not faced with comparable environmental limits. Read More

EU nations speak up for aviation ETS, but refuse to safeguard its defence

Published 18:46 on September 20, 2019  /  Last updated at 01:32 on September 21, 2019  /  Aviation, EMEA, EU ETS, International  /  No Comments

EU transport ministers on Friday supported continuing to include flights in the EU ETS, but are still leaving open whether to protect the policy at UN body ICAO's triennial meeting next week, where other nations are expected to attempt to shut Europe's aviation carbon market down. Read More

California endorses contentious Tropical Forest Standard for sector-based deforestation reduction

Published 03:16 on September 20, 2019  /  Last updated at 02:03 on September 21, 2019  /  Africa, Americas, Asia Pacific, Aviation, Canada, Climate Talks, EMEA, International, Mexico, New Market Mechanisms, REDD, South & Central, US, Voluntary Market  /  No Comments

California regulator ARB endorsed the controversial Tropical Forest Standard (TFS) on Thursday, coming roughly 10 months after the agency first attempted to greenlight the framework that could serve as a model for jurisdictional REDD programmes in compliance-based and voluntary carbon markets. Read More

SK Market: KAUs extend record highs again as compliance rush continues

Published 09:19 on September 20, 2019  /  Last updated at 01:04 on September 21, 2019  /  Asia Pacific, South Korea  /  No Comments

South Korean CO2 allowances rose another 3% in Friday trade to fresh all-time highs, pushed up by small-scale buyers willing to pay high prices for the modest amount of permits they need. Read More

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