Euro Markets: Midday Update
EU carbon prices firmed robustly on Thursday morning as energy markets initially strengthened on forecasts for cooler weather and modest renewable generation, before gas gave up almost all its gains on reports that Europe will have little difficulty sourcing supplies this winter.
Read MoreCOP29 climate finance goal must include massive boost for adaptation, says UN report
The new global finance goal that is due to be agreed at COP29 this month must include a massive boost for adaptation, according to a flagship UN report published on Thursday.
Read MoreAU Market: ACCU volumes surge as options drive derivatives market
Volumes in Australia’s compliance credit market are on track to beat last year’s by more than a third, and in October recorded its third-highest amount of trade of any month at 3.6 million Australian Carbon Credit Units (ACCUs), according to a report released Thursday.
Read MoreINTERVIEW: DAC credits can fall to $100/t, if projects offer something more, developer says
The cost of direct air capture credits can drop to $100 per tonne in the near term, by equipping the technology to do more than just remove carbon from the atmosphere, the chief development officer of a decarbonisation solutions provider has told Carbon Pulse.
Read MoreCOP29 PREVIEW: Political uncertainty clouds Article 6 outlook, with key carbon trade technicalities, crediting standards on the line
Despite prior optimism for progress in Baku on UN carbon markets, political uncertainty following this week’s US election result has dampened enthusiasm for a strong outcome on Article 6 at COP29, with multiple key technical elements of international carbon trade still to be clarified, as well as the thorny question of whether crediting standards brought into force ahead of the summit will be formally endorsed in Baku.
Read MoreVCM MONTHLY DATA: Highest October issuance, retirement levels for three years puts market on track for record year
Last month saw the highest October figures for voluntary carbon credit retirements and issuances for three years, data analysed by Carbon Pulse shows.
Read MoreCarbon Pulse and LSEG partner up on carbon markets
LSEG customers can now access news and intelligence on carbon markets, greenhouse gas pricing, and climate policy via their Workspace platform, thanks to a new partnership with specialist provider Carbon Pulse.
Read MoreChina’s Hubei to promote inclusive offset programme, forest carbon sinks
China’s Hubei province has announced plans to push forward a local carbon offset programme and encourage the development of forest carbon projects within the region.
Read MorePNG relents on COP29 delegation but will still “liquidate” own forests without finance, PM warns
Papua New Guinea will send a delegation to COP29 in Azerbaijan this month after first its prime minister and then its foreign minister had said it would not as a protest against the lack of climate finance for maintaining its vast carbon sink forests.
Read MoreFive EU countries accused of breaking European climate law
Five European countries may be breaching EU law when it comes to their climate and energy obligations, according to a series of legal complaints filed on Thursday that call on the European Commission to take action.
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