Top

Chile, Quebec cooperating on carbon market expertise, offset protocols

Published 22:25 on October 22, 2020  /  Last updated at 23:16 on October 22, 2020  /  Americas, Canada, International, South & Central, US, Voluntary Market  /  No Comments

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 More
Top

NA Markets: RGGI prices attain new high, as California carbon values dip on thin volume

Published 22:53 on October 22, 2020  /  Last updated at 22:53 on October 22, 2020  /  Americas, Canada, US  /  No Comments

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 More
Top

EU environment ministers set sights on a bloc-wide 2040 climate target

Published 18:23 on October 22, 2020  /  Last updated at 23:23 on October 22, 2020  /  EMEA, EU ETS  /  No Comments

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 More
Top

RFS Market: RIN prices hit new 2020 high as GOP calls for waiver

Published 22:33 on October 22, 2020  /  Last updated at 22:33 on October 22, 2020  /  Americas, RINs & LCFS, US  /  No Comments

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 More
Top

Germany off track to reach 2030 climate target -environment agency

Published 19:32 on October 22, 2020  /  Last updated at 23:20 on October 22, 2020  /  EMEA, EU ETS  /  No Comments

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 More
Top

EU lawmaker proposes ETS price floor in draft carbon border adjustment report

Published 14:21 on October 22, 2020  /  Last updated at 18:14 on October 22, 2020  /  Carbon Taxes, CBAM, EMEA, EU ETS  /  No Comments

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 More
Top

EU Market: EUAs rebound on energy boost after flirting with new 4-mth low near €23

Published 21:00 on October 22, 2020  /  Last updated at 22:28 on October 22, 2020  /  EMEA, EU ETS  /  No Comments

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 More
Top

NZ Market: NZUs close at record level as election brings upwards momentum

Published 06:18 on October 22, 2020  /  Last updated at 06:18 on October 22, 2020  /  Asia Pacific, New Zealand  /  No Comments

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 More
Top

Santos CCS trial successful, but project hinges on carbon credits

Published 01:35 on October 22, 2020  /  Last updated at 01:35 on October 22, 2020  /  Asia Pacific, Australia  /  No Comments

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 More
Top

Switzerland schedules first ever aviation carbon allowance auction

Published 18:28 on October 22, 2020  /  Last updated at 18:28 on October 22, 2020  /  EMEA, EU ETS, Switzerland  /  No Comments

Switzerland has scheduled its first ever aviation carbon allowance auction, government data showed, after the country brought the sector into its emissions trading scheme this year. Read More