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British Columbia forestry offset protocol would render projects unviable -stakeholders
A high maximum credit contribution to a contingency account is among the factors threatening the economic viability of British Columbia’s proposed forestry carbon offset protocol (FCOP), trade associations and project developers told Carbon Pulse. Read MoreTop
WCI auction volume edges down slightly for August sale, with further reductions expected for Q4
The Q3 California-Quebec auction will include slightly fewer allowances than the May quarterly sale, while the final WCI auction of 2021 is slated to see a more significant reduction, according to an auction notice published Friday afternoon. Read MoreTop
US Carbon Pricing and LCFS Roundup for week ending June 18, 2021
A summary of legislative and regulatory action on carbon pricing, clean fuel standards, and clean energy at the US subnational and federal level this week, including developments in Pennsylvania, North Carolina, Illinois, and California. Read MoreTop
Strong carbon price “a core element” of building decarbonisation, says think-tank
Introducing a carbon price for buildings, paired with additional energy efficiency measures, will be needed for the sector to reduce its carbon footprint in a socially just manner, a Germany-based think-tank said Friday. Read MoreTop
Analysts see initially modest China carbon price rapidly rising after 2025
China’s emissions trading market will likely see modest prices of around 40 yuan ($6.21) initially due to oversupply, quickly rising in the second half of the decade as the scheme is gradually tightened and more sectors brought in, analysts said Friday. Read MoreTop
SK Market: KAUs extend losses in rush to avoid cancellations
South Korean carbon permits fell another 8% on Friday to hit their lowest since Dec. 2015, as sellers remained desperate to offload KAUs to boost the number of allowances they can bank into next year. Read MoreTop
Euro Markets: EUAs rebound on power gains to limit weekly loss to 1.5%, UKAs trade at discount
EUA prices climbed above €52 as power price gains dragged carbon higher, while UKAs traded at a discount for the first time as the prospect of additional supply loomed larger. Read MoreTop
Philippines ministry backs intensity-based carbon market
The Philippines Department of Finance is backing an intensity-based emissions trading scheme initially limited to the power industry, rather than a carbon tax, according to reports in local media. Read MoreTop
UN climate talks to take political dimension after 'no breakthroughs' on Article 6
Ministers from 40 nations will aim to advance international emissions trade talks on the Paris Agreement’s Article 6 next month, after scant progress by officials during a three-week virtual UN meeting. Read MoreTop
INTERVIEW: Rabobank to launch voluntary credits marketplace in early 2022, says carbon bank CEO
Rabobank intends to launch its marketplace for carbon credits generated from sustainable agricultural practices early next year, the CEO of its newly-launched Rabo Carbon Bank told Carbon Pulse. Read MoreTop
Analysts lower WCI offset demand expectations for third compliance period
California and Quebec regulated entities are expected to turn in a lower number of offsets than previously forecast for the upcoming third compliance period of the WCI cap-and-trade programme, analysts said Thursday. Read MoreTop
NA Markets: CCAs flirt with $22 before edging down, as RGGI rises on thin activity
California Carbon Allowance (CCA) prices set a new all-time high this week before retracing slightly on lower activity, while RGGI permits inched up on thin trading volumes despite few near-term drivers. Read MoreTop
Dominion seeks approval of RGGI rate case by July amid calls for further analysis
Dominion Energy has asked the Virginia State Corporation Commission (SCC) to approve its RGGI rate request next month, while an environmental group continued to advocate for more long-term analysis of carbon market compliance options despite the utility’s pushback. Read MoreTop
SK Market: KAUs fall to fresh 5-year low as buyers call the shots
South Korean carbon permits slumped 9.7% in Thursday trade to hit their lowest levels since Feb. 2016, as buyers are faced with a market flush with supply. Read MoreTop
