Euro Markets: EUAs rebound in late rally as market awaits options expiry
European carbon prices struggled for direction for much of Friday, with participants said to be anticipating options expiry next week, before a late rally saw the benchmark reclaim nearly all of the value it had lost this week during a string of gas-driven bearish sessions.
Read MoreFrance’s CCS rollout plan stopped in its tracks after government falls
Plans to develop carbon capture and storage (CCS) in France have made headway over the past months and will resume as soon as the political situation stabilises and the 2025 budget is voted, an official told EU policymakers on Thursday.
Read MoreCN Markets: CEA price falls to two-month low, growth momentum may come later
Prices in China’s national emissions market hit a two-month low over the past week, though some expect it to recover later this month ahead of the Dec. 31 compliance deadline.
Read MoreJapan begins work to align JCM registry with Article 6
Japan has opened a public consultation on rules aimed at providing clarity on the registration of international emissions reductions under the Joint Credit Mechanism (JCM) in line with Article 6 of the Paris Agreement.
Read MoreAustralia commits A$165 mln to APAC energy transition investments
Australia has committed to spend A$165 million ($106 mln) through various initiatives towards domestic and regional decarbonisation technology initiatives, including critical minerals, hydrogen, and renewable energy.
Read MorePoor health of former CQC executive Newcombe delays US fraud trial
A US District Court judge on Thursday delayed the trial of former C-Quest Capital executives Ken Newcombe and Tridip Goswami, who both face federal fraud charges, with the ex-CEO to be placed in a protective “bubble” as he undergoes drastic cancer treatment.
Read MoreRio Tinto calls for global carbon pricing to encourage investments in hard-to-abate sectors
The world will need to embrace fundamental demand drivers, such as more entrenched carbon pricing, in order to drive decarbonisation of hard-to-abate mineral processing work and encourage buyers’ willingness to pay a green premium, global miner Rio Tinto told shareholders Thursday.
Read MoreWCI Markets: CCAs sell-off ahead of option expiry, Q4 auction shapes WCA direction
California Carbon Allowance (CCA) future prices dropped over the past week as market participants positioned themselves ahead of option expiry, while Washington Carbon Allowances (WCAs) continued their decline heading into the final carbon permit auction of the year.
Read MoreAlberta pitches province open for AI data centre investment
Alberta released its strategy Wednesday, which aims to attract AI data centre investment, availing of the Canadian province’s natural resource abundance, power-generating capabilities, cool climate, and business-friendly regulatory environment.
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