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UPDATE: Brussels unveils its ‘moonshot’ European Green Deal

Published 13:08 on December 11, 2019  /  Last updated at 18:53 on December 11, 2019  /  EMEA, EU ETS  /  No Comments

The European Commission unveiled its wide-ranging ‘European Green Deal’ on Wednesday, including a legislative proposal to enshrine a 2050 net zero emissions target into law by Mar. 2020 but snubbing lawmaker calls to immediately propose a deeper 2030 goal. Read More
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Ottawa approves New Brunswick CO2 levy proposal for spring 2020

Published 20:58 on December 11, 2019  /  Last updated at 20:58 on December 11, 2019  /  Americas, Canada, Carbon Taxes  /  No Comments

The Canadian federal government on Wednesday gave the green light for New Brunswick’s proposed carbon tax on fossil fuels beginning in April, a move that will allow the province to avoid coverage under Ottawa’s ‘backstop’ CO2 levy. Read More
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California offsets issuance hits four-month high on burst of forestry credits

Published 20:58 on December 11, 2019  /  Last updated at 20:58 on December 11, 2019  /  Americas, Canada, Mexico, US, Voluntary Market  /  No Comments

California regulator ARB granted nearly 2.4 million new California Carbon Offsets (CCOs) across two protocols this week, with the vast majority stemming from a large forestry project, according to data released Wednesday. Read More
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COP25: Roundup for Wednesday, Dec. 11

Published 18:01 on December 11, 2019  /  Last updated at 18:15 on December 11, 2019  /  Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

The nearly 200 parties to the Paris Agreement on Wednesday dove headfirst into forging an agreement on the market-based Article 6 of the Paris Agreement, while dozens of attendees from environmental and indigenous groups were kicked out by UN security for protesting the slow pace of the talks. Read More
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BRIEFING: Indonesia’s carbon trading plans

Published 17:36 on December 11, 2019  /  Last updated at 17:36 on December 11, 2019  /  Asia Pacific, Other APAC  /  No Comments

Indonesia has announced plans to launch a pilot carbon market next year, with a full-fledged emissions trading scheme to follow no later than 2024. A lot of specifics remain to be decided, but here are the details of the plans so far. Read More
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EU Market: EUAs tumble late, shaking up Dec-19 options expiry

Published 19:31 on December 11, 2019  /  Last updated at 19:31 on December 11, 2019  /  EMEA, EU ETS  /  No Comments

European carbon prices fell on Wednesday, as sellers aggressively sold the futures late in the day and ahead of today’s options expiry on ICE. Read More
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COP25: UN's CORSIA advisory panel to make aviation offset recommendations in January

Published 13:03 on December 11, 2019  /  Last updated at 13:06 on December 11, 2019  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China, China's Offset Market, Climate Talks, EMEA, International, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

An ICAO technical advisory panel is slated to make recommendations in January over which of the initial 14 global offset programme applications should be eligible to supply the UN aviation body’s CORSIA market starting in 2021, with sources suggesting that any ultimate decisions by member states may not be clear cut. Read More
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SK Market: Korean auction clears at new record high on strong demand

Published 08:10 on December 11, 2019  /  Last updated at 18:51 on December 11, 2019  /  Asia Pacific, South Korea  /  No Comments

South Korea’s monthly KAU auction cleared at a record 40,900 won ($34.24) on Wednesday with secondary market prices also hitting all-time highs as strong demand and limited supply continue to push up prices. Read More
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COP25: Pakistan takes step towards domestic carbon market, offset link with China

Published 15:44 on December 10, 2019  /  Last updated at 12:31 on December 11, 2019  /  Asia Pacific, China, China's National ETS, China's Offset Market, Other APAC  /  No Comments

Pakistan has set up a national committee to assess the role and scope of a potential domestic carbon market as well as entering into a bilateral deal that could see the nation supply offsets to China’s national emissions trading scheme. Read More
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COP25: Roundup for Tuesday, Dec. 10

Published 11:07 on December 10, 2019  /  Last updated at 23:48 on December 10, 2019  /  Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

The high-level segment of the UN climate summit kicked off Tuesday as national ministers descended on the Spanish capital, with the Paris Agreement’s market-based Article 6 text still requiring a substantial amount of work. Below is a running summary of those efforts, as well as other happenings at the summit. Read More

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