Top
Utility RWE reports 30% drop in H1 thermal power output while advancing hedging
Germany-based utility RWE saw its ETS-covered thermal output drop by almost a third in H1, it said in quarterly financial results on Thursday, matching an EU-wide trend of big-emitting generators bearing the brunt of the coronavirus-linked demand drop. Read MoreTop
Spain confirms closure of additional 1.2 GW of coal capacity through 2022
The Spanish government approved on Thursday the closure of three coal-fired power plants through 2022, slashing further the country’s coal capacity that has been in steady decline over recent months. Read MoreTop
EU Market: EUAs lose further ground below €26 as autumn auction hike stokes concern
EUAs lost 2% on Thursday amid technical weakness and fading oil and equities, as concerns mounted about carbon's lack of resilience ahead of full-sized sales resuming in earnest over the autumn. Read MoreTop
Data shows big drop in NZ emitters using fixed price option for ETS compliance
New Zealand ETS participants used the NZ$25 fixed price option to meet around 21% of their total compliance obligations for 2019, EPA data showed Thursday, down from 51% the previous year, indicating a drop in surplus allowances carried into the next year. Read MoreTop
Shanghai opens annual CO2 auction to non-ETS participants
The Shanghai municipal government will auction 2 million allowances for its emissions trading scheme before the end of the month, allowing speculators to participate for the first time after dismal sales to compliance entities in previous years. Read MoreTop
Global coal power generation drops 8.3% in H1 as renewables advance -analysts
Global coal power generation plummeted by 8.3% year-on-year in the first half of 2020 due to lower electricity demand and a rise in wind and solar generation, a study released on Thursday found. Read MoreTop
Wisconsin agency says waste facility caused violations at ARB-registered offset project
A Wisconsin environmental agency concluded that violations at a dairy farm stemmed from a waste storage facility, rejecting the California-registered offset project owner’s assertions that a feed storage area led to the elevated ammonia levels, documents show. Read MoreTop
California dishes out over 900k offsets as ARB tags more DEBs credits
California granted more than 900,000 new offset credits this week, with roughly a quarter designated as providing direct environmental benefits to the state (DEBs), according to data from regulator ARB released on Wednesday. Read MoreTop
Business group calls for offset provisions, EITE protections in BC climate strategy
The British Columbia government should feature carbon offsets as part of the province’s climate strategy and include protections for emissions-intensive, trade-exposed (EITE) industries that other countries and jurisdictions incorporate in their CO2 pricing approaches, an association of some 250 businesses said in a report published Tuesday. Read MoreTop