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Guangdong’s First Carbon Auction Sells $30M

China’s Guangdong province sold 3 million metric tons of carbon emission permits for 180 million yuan ($30 million) in its first auction on Monday, the first of its kind in China, Bloomberg reports. Guangdong is the world’s second-biggest carbon market and the largest of seven such markets planned for China. … Read more »

PetroChina Buys First Chinese Carbon Offsets

PetroChina, the state-owned oil and gas company, bought 10,000 Chinese carbon offsets from wind power producer Longyuan on Friday for 16 yuan ($2.62) each, which Reuters reports is six times higher than international prices. The purchase, carried out on the China Beijing Environment Exchange, was the first Chinese Certified Emissions … Read more »

Policy & Enforcement Briefing: Social Cost of Carbon, Car CO2 Rules, FERC Chair

The White House is releasing a technical support document that shows the data behind the increase in the social cost of carbon, The Hill reports. The document, once published in the Federal Register, will be open for public comment for 60 days. The world’s second-biggest carbon market will start next … Read more »

Policy & Enforcement Briefing: DOE Computer Standards, BP Spill Estimates

The Department of Energy announced in the Federal Register that it plans to order new efficiency standards for all computers and servers in the US. The DOE said it “tentatively” ruled that title III, part A of the Energy Policy and Conservation Act (EPCA) covers both consumers and servers. The DOE proposal is open for public comment … Read more »