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NZ Market: NZUs rally 3.2% to hit new highs after govt ETS proposals
New Zealand carbon allowances rose more than 3.2% on Tuesday as the market responded to a raft of government proposals to amend the emissions trading scheme. Read MoreTop
Protracted renewal of German EUA auction platform to leave gap in sales
German EUA sales will be put on hold from early November, the European Commission said late Monday, with the weekly auctions expected to resume in Q1 2019 after the bloc's regulations have been amended to reflect the renewal of the country's contract with exchange EEX. Read MoreTop
RGGI compliance player holdings remain low in Q2 as speculators continue to accumulate -report
The number of RGGI allowances (RGAs) held for compliance purposes remained at historically low levels in Q2, according to a report published Monday. Read MoreTop
New Zealand proposes major ETS overhaul
New Zealand on Monday released a consultation paper proposing major revisions to its emissions trading scheme, including setting an annual absolute cap, replacing the fixed price option with a cost containment reserve, and launching a process to phase down free allocation to industrials. Read MoreTop
EU Market: EUAs break above €18 as thinly-traded rally continues
EU carbon prices climbed above €18 to set a new seven-year high on Monday, extending their run of recent gains amid thin volumes and August’s curtailed auction supply. Read MoreTop
Land-based projects capitalise as Australia issues 237k carbon credits
Australia’s Clean Energy Regulator last week issued 236,502 new carbon offsets, all of which went to projects seeking to save greenhouse gas emissions through land-use management. Read MoreTop
California power emissions, fuel consumption keeping pace with 2017
Power sector emissions and fuel consumption in California moved in opposite directions during recent months, mirroring 2017 levels and potentially cancelling out the overall impact on the state’s cap-and-trade emissions. Read MoreTop
WCI holding limits to shrink on Sep. 14 due to Ontario departure
Entities participating in the WCI cap-and-trade programme will see their holding limits revised downward next month to account for Ontario leaving the linked carbon market. Read MoreTop
No decision on NEG, but Australian states agree to keep talking
Australian state ministers on Friday chose to defer a final decision on the proposed National Energy Guarantee (NEG), but will launch a four-week consultation process on the policy if it goes through the federal Coalition party room next week. Read MoreTop