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Misplaced faith in long cycle bullishness for oil market risks stranded assets, value destruction, report warns
Oil and gas companies should resist the temptation to respond to rebounding oil demand and prices by sanctioning high-cost, long-cycle projects based on a bet that the current bullish investment environment will be prolonged, a report released on Thursday has argued. Read MoreTop
Singapore investment arm buys into green hydrogen outfit with Australian, Middle East projects
Singapore’s sovereign wealth fund, GIC, has made what it calls a “strategic equity investment” into Hong Kong-based Intercontinental Energy (ICE), a company with a portfolio of large-scale renewable hydrogen projects on its drawing board, the key investment arm of the Singaporean government announced. Read MoreTop
Offset marketplace Patch to integrate BeZero Carbon ratings service
Carbon removals marketplace Patch has signed a deal to integrate offset ratings from provider BeZero Carbon onto its platform, seeking to offer more insights on the quality of available units. Read MoreTop
Over-crediting leads to biggest international reversal of California compliance offsets to date
California regulator ARB this week approved the single largest intentional reversal of compliance offset issuances in the history of the cap-and-trade regulation, as changing programme guidance for quantifying carbon stocks led an Arizona forestry project to overissue credits. Read MoreTop
Business groups look to new agencies to point way forward for voluntary market
Voluntary carbon market participants are counting on newly-formed bodies to give direction following a UN Article 6 emissions trading deal. Read MoreTop
Euro Markets: EUAs climb to new 2022 high as UKAs set record after strong auction
EUAs on Wednesday reached their highest level since setting a record high in early December, as traders continued to amass positions in a lightly-traded market and the latest UK Allowance auction cleared at its highest level to date. Read MoreTop
UPDATE - France promises to address EU exporter concerns in upcoming carbon levy talks
EU presidency holder France will pay close attention to the effects the EU's proposed carbon border adjustment mechanism (CBAM) could have on the bloc's businesses, a senior official told an event on Wednesday, as lawmakers grappled with how to manage the phaseout of free allowances. Read MoreTop
POLL: Analysts up EU carbon forecasts again, warning volatility is here to stay
Analysts have raised their EU carbon price forecasts across the board following late last year's rally, with some warning that competing narratives could drive the market sharply in either direction in the months to come, all while maintaining a high level of volatility. Read MoreTop
China power industry eyes peaking of its CO2 emissions in 2028
Carbon emissions from China’s power industry could peak in 2028 with increased investments in nuclear and accelerated growth in renewables, two years sooner than previously planned for, according to the country's leading power industry association. Read MoreTop
EUA prices set to consolidate in 2022 before resuming upward trend -analysts
European carbon prices will consolidate in 2022 before resuming their upward trajectory in 2023, and will climb even higher than previously predicted in the second half of the decade, according to a bank analyst. Read MoreTop
FEATURE: Japan, South Korea chase hydrogen supply, but forced to rely on dirtier options in the near term
A liquefied hydrogen carrier will shortly leave Australia to deliver a cargo, the world’s first, to Japan in what has been touted as a new phase for hydrogen’s role in the energy transition, a fuel that key economies in Northeast Asia have also pinned their hopes on to help decarbonise their economies. Read MoreTop
Australia Market Roundup: Regulator issues year’s first ACCU batch as spot price remains at record high
The Clean Energy Regulator has made its first Australian Carbon Credit Unit (ACCU) issuance of the year, doling out 220,000 offsets, while the spot price continues to set new records on wafer thin volume. Read MoreTop
Veteran EU carbon analyst on the move again
A veteran EU energy and carbon expert is joining an Oslo-based renewable energy market intelligence firm to help expand its offering. Read MoreTop
EU ETS reform plans risk failure to reach targeted emissions cuts, consultancy warns
The EU risks missing its headline 2030 emissions goals because plans to reform the carbon market may do too little to shift the market’s surplus allowances, a consultancy warned in a study published on Tuesday. Read MoreTop
