ANALYSIS: Xi’s climate plan could transform China’s carbon market, but only much later

Published 17:49 on September 24, 2020  /  Last updated at 00:12 on September 25, 2020  /  China, China's National ETS, China's Offset Market, International, Voluntary Market  /  No Comments

President Xi Jinping’s 2060 carbon neutral target will likely bring about massive offset demand in China in the long run, but market participants and observers expect the nation’s fledgling emissions trading system to remain unaffected initially. Read More

Morgan Stanley raises 2021-25 EUA price forecasts 55% on Brussels' bolstered climate plans

Published 23:45 on September 24, 2020  /  Last updated at 23:47 on September 24, 2020  /  EMEA, EU ETS  /  No Comments

Morgan Stanley this week raised its EU carbon price forecasts for the next five years by a massive 55% on average following the release of more ambitious climate plans by the European Commission. Read More

California ETS requires re-examination after auction hiccups, legislator says

Published 22:41 on September 24, 2020  /  Last updated at 00:29 on September 25, 2020  /  Americas, Canada, US  /  No Comments

California should revisit its cap-and-trade programme in the wake of consecutive undersubscribed quarterly auctions and the need to increase climate ambition across the Golden State, a state legislator and board member of regulator ARB said Thursday. Read More

NA Markets: WCI allowances creep to new COVID-era highs, RGGI prices stagnate

Published 23:11 on September 24, 2020  /  Last updated at 00:24 on September 25, 2020  /  Americas, Canada, US  /  No Comments

California Carbon Allowance (CCA) prices inched up on the secondary market for the second straight week, while RGGI allowances (RGA) stagnated despite an uptick in activity. Read More

EU carbon capture prospects "improving" with higher climate goals, IEA says

Published 19:06 on September 24, 2020  /  Last updated at 00:18 on September 25, 2020  /  EMEA, EU ETS  /  No Comments

Opportunities to invest in technology-based carbon removals in the EU have improved in recent years, opening new pathways for the bloc's heavy industry, an IEA report released Thursday said. Read More

EU Market: EUAs jump late after dipping below €26 in continued rocky trade

Published 19:22 on September 24, 2020  /  Last updated at 23:02 on September 24, 2020  /  EMEA, EU ETS  /  No Comments

EUAs continued their volatile week on Thursday, bouncing back from a dive below €26 despite another dismal auction result and wider market weakness. Read More

Oregon Clean Fuels Program registers 45k credit surplus in Q1

Published 22:48 on September 24, 2020  /  Last updated at 22:48 on September 24, 2020  /  Americas, RINs & LCFS, US  /  No Comments

The Oregon Clean Fuels Program (OCFP) posted a 45,000-tonne credit surplus during the first quarter of the year even as the policy’s carbon intensity benchmarks tightened, according to state data published Wednesday. Read More

Trading shop Freepoint parts ways with cross-commodity analyst

Published 17:42 on September 24, 2020  /  Last updated at 00:36 on September 25, 2020  /  Bavardage, EMEA, EU ETS  /  No Comments

A senior cross-commodity analyst has left commodities trading firm Freepoint, Carbon Pulse has learned. Read More

Provinces cite cap-and-trade, COVID-19 response as arguments against Canadian CO2 pricing regime

Published 00:45 on September 24, 2020  /  Last updated at 00:45 on September 24, 2020  /  Americas, Canada, Carbon Taxes  /  No Comments

Supreme Court oral arguments against the Canadian government’s ‘backstop’ carbon pricing system entered the second and final day on Wednesday, as Quebec contended the federal system threatens its ability to implement its WCI-linked ETS, while New Brunswick offered Ottawa’s response to the coronavirus pandemic as a better model of cooperative federalism. Read More

Voluntary offset prices flat in 2019 amid scramble for cheap renewable units -report

Published 21:38 on September 23, 2020  /  Last updated at 09:05 on September 24, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China's Offset Market, EMEA, International, Other APAC, REDD, South & Central, Voluntary Market  /  No Comments

Voluntary carbon credit prices flatlined in 2019 amid increased transactions, as new buyers rushed to buy cheap renewables-sourced units ahead of this year’s cut-off for registering many clean energy projects. Read More