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ANALYSIS: Xi’s climate plan could transform China’s carbon market, but only much later
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 MoreTop
Morgan Stanley raises 2021-25 EUA price forecasts 55% on Brussels' bolstered climate plans
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 MoreTop
California ETS requires re-examination after auction hiccups, legislator says
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 MoreTop
NA Markets: WCI allowances creep to new COVID-era highs, RGGI prices stagnate
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 MoreTop
EU carbon capture prospects "improving" with higher climate goals, IEA says
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 MoreTop
EU Market: EUAs jump late after dipping below €26 in continued rocky trade
EUAs continued their volatile week on Thursday, bouncing back from a dive below €26 despite another dismal auction result and wider market weakness. Read MoreTop
Oregon Clean Fuels Program registers 45k credit surplus in Q1
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 MoreTop
Trading shop Freepoint parts ways with cross-commodity analyst
A senior cross-commodity analyst has left commodities trading firm Freepoint, Carbon Pulse has learned. Read MoreTop
Provinces cite cap-and-trade, COVID-19 response as arguments against Canadian CO2 pricing regime
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 MoreTop
