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EU Market: EUAs hit new record near €45 as some see pullback ahead
EUAs reached new heights on Friday, extending the all-time peak of earlier in the week amid wider positive market sentiment, with some experts predicting that carbon could pull back from these levels. Read MoreTop
Colombia proposes gradual incorporation of coal into national carbon tax
The Colombian Ministry of Finance and Public Credit (Minhacienda) on Thursday put forth a long-awaited plan to include coal in the scope of the country’s roughly $5/tonne CO2 tax, though the full cost of the carbon fee on the fuel will not be fully phased in until the end of the decade. Read MoreTop
South Korea sets temporary ETS price floor
South Korea will from Monday introduce a temporary minimum price in its emissions trading scheme, to halt declining price levels that have seen KAUs drop to 5-year lows, the environment ministry announced Friday. Read MoreTop
Oil companies structurally incapable of achieving net zero emissions, researchers say
Fossil-fuel companies, long accused of using carbon offsets to avoid instead of accelerating the transition to a low-carbon future, may be structurally incapable of making that transition, according to a peer-reviewed paper published Thursday. Read MoreTop
NYISO continuing work with state officials after US FERC statement on carbon pricing
Grid operator New York Independent System Operator (NYISO) is working with state officials to support its carbon pricing proposal for the wholesale power market after the US Federal Energy Regulatory Commission (FERC) concluded the agency has jurisdiction over the matter. Read MoreTop
EU carbon prices to surge to €75 this summer on rising oil, gas -analyst
EU carbon prices look set to rise to €75 in Q3 of this year on the back of higher oil and gas prices, an analyst said on Friday. Read MoreTop
Speculators set pandemic-era high for weekly California carbon build, as emitters slash holdings
Financial entities increased their California Carbon Allowance (CCA) position this week by the greatest amount since late 2019, while regulated entities maintained their recent trend by continuing to shed permits, according to US Commodity Futures Trading Commission (CFTC) data published Friday. Read MoreTop
US Carbon Pricing and LCFS Roundup for week ending Apr. 16, 2021
A summary of legislative and regulatory action on carbon pricing, clean fuel standards, and clean energy at the US subnational and federal level this week, including developments in Washington, Oregon, and California. Read MoreTop
British Columbia LCFS deficit doubles after 2019 shortfall
Deficits outpaced credit generation in the British Columbia Low Carbon Fuel Standard (LCFS) scheme for the third straight year in 2019, bringing the transportation sector programme’s aggregate short position to its steepest level yet, according to government data published Thursday. Read MoreTop
