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Value of world’s carbon pricing schemes edges up year-on-year while govt revenues drop -report

Published 18:10 on May 23, 2017  /  Last updated at 01:24 on May 24, 2017  /  Africa, Americas, Asia Pacific, Australia, Canada, Carbon Taxes, China, China's National ETS, China's Pilot Markets, EMEA, EU ETS, International, Kyoto Mechanisms, Mexico, New Market Mechanisms, New Zealand, Other APAC, South & Central, South Korea, Switzerland, US  /  No Comments

The combined value of the world’s carbon markets and CO2 tax regimes rose by 7% in 2017, with eight new pricing initiatives helping to nearly double the total number over the past five years, but government revenues have dropped by some 15%, according to a new report published Tuesday. Read More
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Analyst duo predicts rebound in latest WCI auction

Published 21:20 on May 23, 2017  /  Last updated at 21:26 on May 23, 2017  /  Americas, Canada, US  /  No Comments

California’s latest carbon allowance auction could be up to 80% subscribed, a pair of analysts predicted, bucking the trend of weak bidder demand seen for much of the past year. Read More
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Lawyer up: More lawsuits being filed against governments for climate inaction

Published 22:39 on May 23, 2017  /  Last updated at 22:39 on May 23, 2017  /  Africa, Americas, Asia Pacific, Bavardage, Climate Talks, EMEA, International, New Zealand, Other APAC, US  /  No Comments

Lawsuits seeking to hold governments to account for their climate-related commitments are on the rise, with over 650 filed in the US alone - almost three times the number recorded in the rest of the world. Read More
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SCE launches tender to buy low-risk California offsets

Published 21:50 on May 23, 2017  /  Last updated at 21:52 on May 23, 2017  /  Americas, Canada, US  /  No Comments

Utility Southern California Edison has launched a tender to buy California carbon offsets featuring no invalidation risk and deliverable before the final 2015-2017 compliance deadline. Read More
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EU Market: EUAs slip from month-high after failed attempt to top €5, weaker auction

Published 20:26 on May 23, 2017  /  Last updated at 20:26 on May 23, 2017  /  EMEA, EU ETS  /  No Comments

EU carbon prices slipped back from a one-month high in a spate of selling on Tuesday, ending a run of five consecutive daily gains amid what appeared to be some profit-taking and after a government auction showed signs of weaker demand. Read More
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Firms face push for transparency on internal carbon pricing -World Bank

Published 11:27 on May 23, 2017  /  Last updated at 12:01 on May 23, 2017  /  Climate Talks, International, Voluntary Market  /  No Comments

Companies may soon have to be more transparent on how rigorously they apply internal carbon pricing amid mounting pressure to address climate risks from regulators and investors, according to the World Bank’s head climate official John Roome. Read More
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CARBON FORWARD 2017: The agenda for this year's event is taking shape...

Published 15:44 on May 23, 2017  /  Last updated at 15:46 on May 23, 2017  /  Americas, Asia Pacific, Aviation, Bavardage, China, Climate Talks, Conversations, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, South Korea, US, Views, Voluntary Market  /  No Comments

Following the immense success of the inaugural Carbon Forward 2016 conference and training day, this year Carbon Forward 2017 will delve deeper into the issues affecting companies with exposure to the EU Emissions Trading System (ETS) and other carbon markets worldwide. Read More
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Brokers advise New Zealand to hedge against rising carbon prices

Published 11:41 on May 23, 2017  /  Last updated at 12:11 on May 23, 2017  /  Asia Pacific, New Market Mechanisms, New Zealand  /  No Comments

New Zealand could save billions of dollars on foreign carbon units by hedging now, for example by buying EU Allowances, instead of waiting until after 2020 when prices are likely to be much higher, according to energy and carbon brokers OM Financial. Read More
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CN Markets: Hubei’s first forward contract expired 12% above spot, market learns

Published 13:28 on May 23, 2017  /  Last updated at 13:28 on May 23, 2017  /  China, China's Pilot Markets  /  No Comments

The May-17 forward contract in Hubei’s emissions trading scheme expired earlier this month, it has been revealed, with few arbitrage opportunities emerging despite it settling 12% above the spot market. Read More
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After the money dries up, CDM project discontinuation risks vary drastically -study

Published 23:31 on May 22, 2017  /  Last updated at 12:53 on May 23, 2017  /  Africa, Americas, Asia Pacific, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, South & Central, South Korea, Voluntary Market  /  No Comments

Some CDM project types face considerably higher risks than others of being discontinued due to the disappearance of carbon offset revenues, a new study shows, threatening to raise CO2 emissions by roughly a billion tonnes in the developing world if the facilities are dismantled. Read More