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Chile, Quebec cooperating on carbon market expertise, offset protocols
Chile and Quebec have held numerous discussions to share technical information on the Canadian province’s WCI-linked cap-and-trade programme and offset protocols with a view to potentially developing closer market ties over time, a government official for the South American country said Thursday. Read MoreTop
NA Markets: RGGI prices attain new high, as California carbon values dip on thin volume
RGGI allowance (RGA) prices inched up to four-year highs on the secondary market this week as traders shifted positions further out on the curve, while California Carbon Allowance (CCA) values dropped slightly on thin volume. Read MoreTop
EU environment ministers set sights on a bloc-wide 2040 climate target
The EU's environment ministers want to establish a firm process for setting a bloc-wide 2040 emissions target under the European Climate Law, aiming to bridge the 2030 and 2050 climate goals. Read MoreTop
RFS Market: RIN prices hit new 2020 high as GOP calls for waiver
US biofuel credit (RIN) values surged to a new annual high on Wednesday, while Republican senators asked the EPA to not increase the 2021 biofuels quota under the Renewable Fuel Standard (RFS) due to the lingering economic effects of the coronavirus pandemic. Read MoreTop
Germany off track to reach 2030 climate target -environment agency
Germany’s current policies are putting it on course to miss its domestically-binding 2030 emissions reduction target, a report published on Thursday by its national environment agency UBA confirmed. Read MoreTop
EU lawmaker proposes ETS price floor in draft carbon border adjustment report
A proposal for a European carbon border adjustment mechanism (CBAM) should “mirror” the price dynamics of an EU ETS reinforced with a carbon price floor, the bloc's lead parliamentary lawmaker on the file proposed in a draft report ahead of a committee debate next week. Read MoreTop
EU Market: EUAs rebound on energy boost after flirting with new 4-mth low near €23
European carbon rebounded on Thursday after plumbing a new four-month low near €23, with prices boosted by a solid auction result and gains in the wider energy complex. Read MoreTop
NZ Market: NZUs close at record level as election brings upwards momentum
New Zealand carbon allowances closed at their highest-ever level on Thursday as the election result has injected some positive momentum into the market. Read MoreTop
Santos CCS trial successful, but project hinges on carbon credits
Australian oil and gas company Santos has injected 100 tonnes of CO2 underground at its Moomba CCS project as a trial, but the scheme’s future will depend on the government finalising a method that will allow carbon capture and storage projects to earn carbon credits, the company said Thursday. Read MoreTop
