One Planet Summit: North, Latin American governments commit to boosting regional carbon pricing ties

Published 16:00 on December 12, 2017  /  Last updated at 16:18 on December 12, 2017  /  Americas, Asia Pacific, Canada, Climate Talks, EMEA, EU ETS, International, New Market Mechanisms, South & Central, US, Voluntary Market  /  No Comments

Twelve North and Latin American national and sub-national governments on Tuesday committed to using carbon pricing as a central climate policy instrument and to deepen regional integration of their emissions trading markets. Read More

Slash WCI's future emissions caps by market's 2020 allowance surplus, urges California think-tank

Published 20:29 on December 12, 2017  /  Last updated at 20:29 on December 12, 2017  /  Americas, Canada, US  /  No Comments

In order to tackle persistent over-supply, California and its WCI partners should reduce their 2021-2030 emissions caps by an amount equal to the unused pre-2021 allowances held by market participants after 2020 compliance. Read More

COMMENT: The Australian government is miscounting greenhouse emissions reductions

Published 01:35 on December 13, 2017  /  Last updated at 01:35 on December 13, 2017  /  Asia Pacific, Australia  /  No Comments

Research has found serious issues with Australia's Emissions Reduction Fund, from giving unnecessary funds, to counting decade-old projects as new emissions “reductions”, writes Melbourne Law School researcher Tim Baxter. Read More

EU Market: Explosion, supply disruptions in European gas network trigger wild volatility for carbon, energy prices

Published 15:53 on December 12, 2017  /  Last updated at 21:03 on December 12, 2017  /  EMEA, EU ETS  /  No Comments

EUAs ended down on Tuesday after swinging wildly between recent lows and a five-day high, as gas supply concerns following pipeline disruptions and an explosion at an Austrian distribution hub rocked the European energy markets. Read More

Australia to review major ERF offset methods amid integrity concerns

Published 10:10 on December 12, 2017  /  Last updated at 17:43 on December 12, 2017  /  Asia Pacific, Australia  /  No Comments

Australia on Tuesday announced it will review two offset methodologies that account for nearly half the carbon credits contracted by the government, and which were flagged as potentially problematic by the Climate Change Authority earlier this week. Read More

NZ Market: Muted supply helps send NZUs higher

Published 10:54 on December 12, 2017  /  Last updated at 17:45 on December 12, 2017  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon permits made further gains on Tuesday as scarce supply pushed up prices. Read More

UPDATE - Factors other than politics at play in lacklustre Ontario auction, say market participants

Published 02:33 on December 12, 2017  /  Last updated at 16:53 on December 12, 2017  /  Americas, Canada, US  /  No Comments

Several other factors may have influenced last month’s lacklustre Ontario carbon allowance auction result besides heightened political uncertainty, several market participants say. Read More

Global forest carbon finance falls 25% in 2016, report finds

Published 21:40 on December 11, 2017  /  Last updated at 21:40 on December 11, 2017  /  Africa, Americas, Asia Pacific, Australia, Canada, EMEA, International, Kyoto Mechanisms, New Zealand, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

Global funding for efforts to store carbon in forests dropped 25% to $662.1 million in 2016, according to Ecosystem Marketplace’s annual report on the state of forest carbon finance. Read More

BNP Paribas to launch voluntary carbon market platform next year

Published 22:33 on December 11, 2017  /  Last updated at 22:33 on December 11, 2017  /  Africa, Americas, Asia Pacific, China's Offset Market, EMEA, International, Other APAC, South & Central, Voluntary Market  /  No Comments

A division of French bank BNP Paribas is launching a voluntary carbon offset platform to help connect investors and other credit buyers with project developers. Read More

Utilities, investors await EU ETS certainty before buying in earnest -ICIS analysts

Published 16:48 on December 11, 2017  /  Last updated at 16:48 on December 11, 2017  /  EMEA, EU ETS  /  No Comments

Utilities and an increasing amount of finance houses will likely wait until post-2020 EU ETS reforms are made law early next year to start buying EUAs in anticipation of higher future prices, ICIS analysts said on Monday. Read More

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