ANALYSIS: EU industry seeks to safeguard flow of free carbon units as virus impact skews

Published 19:23 on April 9, 2020  /  Last updated at 19:46 on April 9, 2020  /  EMEA, EU ETS  /  No Comments

EU heavy industry is lobbying to ensure its allocation of free carbon allowances is maintained once production recovers from massive drops due to the coronavirus outbreak, business sources have told Carbon Pulse. Read More

FEATURE: Verra aims for more streamlined process with in-house offset registry

Published 16:13 on April 9, 2020  /  Last updated at 23:27 on April 9, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, EMEA, International, REDD, South & Central, US, Voluntary Market  /  No Comments

Offset standard developer and manager Verra is seeking to cut red tape and costs for stakeholders by launching its own registry, becoming the latest US-based organisation to administer its own system. Read More

Chile to implement CO2 budget, consider markets in updated NDC

Published 19:11 on April 9, 2020  /  Last updated at 01:07 on April 10, 2020  /  Americas, Carbon Taxes, Climate Talks, International, New Market Mechanisms, South & Central  /  No Comments

Chile will aim to peak its GHG emissions in 2025 and set a carbon budget for the coming decade as part of its new Paris Agreement contribution submitted Thursday, and will also start a public-private dialogue on how international emissions trading may help meet those targets. Read More

EU Market: EUAs slip back from 1-month high amid wild speculator-led swings

Published 19:30 on April 9, 2020  /  Last updated at 02:11 on April 10, 2020  /  EMEA, EU ETS  /  No Comments

EUAs hit a fresh one-month high on Thursday but sank back towards €21 in choppy trade following this morning's auction and as wider markets fluctuated wildly on mixed news. Read More

NA Markets: California allowances retrace gains amid further volatility, RGGI finds support

Published 23:26 on April 9, 2020  /  Last updated at 23:26 on April 9, 2020  /  Americas, Canada, US  /  No Comments

California Carbon Allowance (CCA) prices ceded previous gains during another hectic week of trading as participants remain wary of how the COVID-19 pandemic will impact WCI emissions, while RGGI allowances (RGAs) maintained their recent bullish trend. Read More

Several states postpone CORSIA reporting deadline as virus-decimated airlines plea for changes

Published 18:25 on April 9, 2020  /  Last updated at 18:27 on April 9, 2020  /  Americas, Australia, Aviation/CORSIA, International, US  /  No Comments

At least three large nations have postponed CORSIA deadlines for their airlines to report 2019 emission data due to coronavirus disruptions, even as auditors insisted on Thursday that the checks can be completed with little difficulty. Read More

Nova Scotia to offer 640k carbon allowances at inaugural ETS auction

Published 22:39 on April 9, 2020  /  Last updated at 23:20 on April 9, 2020  /  Americas, Canada  /  No Comments

Nova Scotia will offer 640,000 permits in the cap-and-trade programme’s first auction on June 10, the Canadian province’s environment ministry announced Thursday. Read More

NZ Market: NZUs get boost ahead of Easter break

Published 10:25 on April 9, 2020  /  Last updated at 23:20 on April 9, 2020  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances saw a second straight day of gains on Thursday, ending at a high ahead of the Easter break as the market continues to find support above NZ$24. Read More

Canada moves to delay 2019 deadlines for ‘backstop’ large emitter programme

Published 00:41 on April 8, 2020  /  Last updated at 01:19 on April 9, 2020  /  Americas, Canada, Carbon Taxes  /  No Comments

The Canadian environment ministry proposed Wednesday to delay the 2019 reporting and compliance deadlines for the federal ‘backstop’ output-based pricing system (OBPS), potentially giving large stationary emitters more time to procure offsets or surplus credits. Read More

California not considering change to ETS auction schedule, compliance deadline

Published 00:06 on April 8, 2020  /  Last updated at 01:21 on April 9, 2020  /  Americas, Canada, US  /  No Comments

California regulator ARB does not intend to alter its current cap-and-trade auction schedule or compliance deadlines as a result of the COVID-19 pandemic sweeping across the US, an agency spokesperson told Carbon Pulse Wednesday. Read More

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