UPDATE – RGGI Q4 auction clears more than $2 below secondary market, mild spec involvement

Published 15:27 on December 6, 2024  /  Last updated at 20:33 on December 6, 2024  / and /  Americas, US

The last RGGI cap-and-trade auction of 2024 cleared at a $2.35 discount to RGGI Allowances (RGAs) in the secondary market the day before the sale, and at the low end of market expectations for a discounted settlement, with limited participation from financial entities, according to results published Friday.

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Bullish momentum building in voluntary carbon market for 2025 -analysts

Published 15:25 on December 6, 2024  /  Last updated at 15:25 on December 6, 2024  / /  Americas, Asia Pacific, Aviation/CORSIA, EMEA, International, Nature-based, Paris Article 6, Voluntary

Next year could be a turning point for the beleaguered voluntary carbon market because the underlying fundamentals have stayed robust, particularly the rising number of companies setting SBTi climate targets, despite a tough year, according to analysts in a new report.

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Wind-assisted vessels, LNG can lower green fuel costs for shipowners, insurer says

Published 14:15 on December 6, 2024  /  Last updated at 14:15 on December 6, 2024  / /  EMEA, International, Shipping

Shipowners can cut compliance costs under the EU’s new green shipping fuel regulation by using LNG-powered ships or wind-assisted propulsion, according to a new report by a global shipping insurer.

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Swiss NDC target ‘insufficient’, lacks transparency on carbon offsets -report

Published 12:56 on December 6, 2024  /  Last updated at 12:56 on December 6, 2024  / /  EMEA, Paris Article 6

Switzerland’s Nationally Determined Contribution (NDC) and overall climate targets, policies and finance have been rated as “insufficient” in a new analysis released on Thursday.

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Shell signs SAF offtake agreement with ADB-funded project in Pakistan

Published 12:45 on December 6, 2024  /  Last updated at 12:45 on December 6, 2024  / /  Asia Pacific, Aviation/CORSIA, International, Other APAC, Voluntary

British oil major Shell has signed a contract with Pakistan-based sustainable aviation fuel (SAF) producer for long-term offtake of SAF, once the proposed plant funded by the Asian Development Bank (ADB) gets completed.

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Gold Standard to charge $0.25 per credit issued, $0.20 for least developed countries

Published 12:41 on December 6, 2024  /  Last updated at 12:41 on December 6, 2024  / /  Americas, Asia Pacific, EMEA, International, Nature-based, Voluntary

Gold Standard has updated its fee structure for registry accounts and certification processes, with two different pricing options for issuing credits, the standard body announced on Friday.

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G20 nations’ fossil production could blow global carbon budget, study says

Published 12:41 on December 6, 2024  /  Last updated at 12:41 on December 6, 2024  / /  Americas, Asia Pacific, EMEA, Voluntary

The world may not keep warming to less than 2C over pre-industrial levels based on the petroleum reserves of members of the G20, a report cautioned Friday.

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Euro Markets: EUAs rebound in late rally as market awaits options expiry

Published 12:22 on December 6, 2024  /  Last updated at 21:45 on December 6, 2024  / /  EMEA, EU ETS, UK ETS

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.

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France’s CCS rollout plan stopped in its tracks after government falls

Published 11:22 on December 6, 2024  /  Last updated at 11:22 on December 6, 2024  / /  EMEA, EU ETS

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.

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CN Markets: CEA price falls to two-month low, growth momentum may come later

Published 11:01 on December 6, 2024  /  Last updated at 11:01 on December 6, 2024  / /  Asia Pacific, China

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.

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