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CN Markets: CEA trading grinds to a halt as compliance deadline passes
Sentiment in the Chinese carbon market has fallen off a cliff in recent days after the completion of the annual compliance deadline, with permits trading below 95 yuan ($12.96) over the past week. Read MoreTop
Shopify ends 2024 with $36.3 mln in carbon removal deals
Shopify spent $36.3 million on carbon removal (CDR) in 2024, increasing its total commitment to $83.9 million, the e-commerce company announced on Thursday. Read MoreTop
Analysts predict big 2025 ramp-up for CCUS
The world looks close to adding 20% new carbon capture utilisation and storage (CCUS) capacity in 2025, a leading energy consultancy said this week, calling it the “largest annual increase to date”. Read MoreTop
China thermal power growth slows in 2024, coal outputs reach record high
Growth in China's thermal power generation in 2024 slowed from the previous year, buy annual production of coal and gas both reached new record highs, according to government data published Friday. Read MoreTop
PREVIEW: High hopes for Indonesian exchange’s first international carbon credit sale, but doubts raised over buyer interest
Indonesia’s first international sale of carbon credits on its national exchange next week has been hailed as an exciting development for the country’s market, but observers have raised concerns that there could be a lack of interested buyers for a multitude of reasons. Read MoreTop
Switzerland commits millions for carbon removal projects
Switzerland has opened a funding round worth CHF 100 million (€106 mln) to develop carbon removal projects in the country, the government announced Thursday. Read MoreTop
South Korea backs methane reduction projects in Southeast Asia
A Seoul-headquartered intergovernmental organisation has initiated a $20 million methane mitigation programme to drive down emissions in Southeast Asia. Read MoreTop
Google inks second 100k biochar carbon removal deal
Google signed a second large biochar carbon removal deal Thursday, buying 100,000 tonnes of CO2 through 2030 from a California-based developer. Read MoreTop
UK decarbonisation plan wards off threat from dwindling Norwegian gas supply
The UK’s drive to decarbonise most of its electricity grid by 2030 has been given added impetus after Norway, a main fossil fuel exporter to the UK, warned that production will start declining before the end of the decade. Read MoreTop
WCI Markets: Aftershocks of ETS rulemaking delay keep CCA volatility high
Another delay to highly anticipated cap-and-trade rulemaking jolted California Carbon Allowances (CCA) prices in the secondary market briefly to near three-year lows on Tuesday, with volatility driving up option prices. Read MoreTop
"Electrification first": Ribera hints at EU's new top priority on energy
Europe’s short-term answer to high energy prices and declining competitiveness will reside in electrification, energy savings, and accelerating the buildout of renewables to meet the EU’s 2030 climate goals, said Teresa Ribera, the European Commission’s first executive vice-president, on Thursday. Read MoreTop
BRIEFING: Political turmoil, US tax incentives threaten Canada’s CFR
The ongoing political transition in Canada and federal biofuels tax credits in the US could jeopardise Canadian clean fuel programmes, panellists at a conference said Thursday. Read MoreTop
UN opens consultation on REDD+ strategy for 2026-30, aiming to halt deforestation by 2030
The flagship UN programme on Reducing Emissions from Deforestation and forest Degradation (REDD) and boost forest carbon stocks has opened a public consultation for its 2026-30 strategy. Read MoreTop
EU carbon prices to average in the €90s on policy-induced supply squeeze, analysts predict
Benchmark European carbon prices could average €92 this year due to EU ETS policy changes, gas-to-coal switching, and the bloc’s 2040 emission target announcement, analysts said on Thursday. Read MoreTop
