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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Japan begins work to align JCM registry with Article 6

Published 08:31 on December 6, 2024  /  Last updated at 08:31 on December 6, 2024  / /  Asia Pacific, International, Japan, Paris 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.

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Australia commits A$165 mln to APAC energy transition investments

Published 05:27 on December 6, 2024  /  Last updated at 05:27 on December 6, 2024  / /  Asia Pacific, Australia, Other APAC

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.

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CP Daily: Thursday December 5, 2024

Published 04:28 on December 6, 2024  /  Last updated at 04:42 on December 6, 2024  /  Newsletters

A daily summary of our news plus bite-sized updates from around the world. 

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Poor health of former CQC executive Newcombe delays US fraud trial

Published 02:56 on December 6, 2024  /  Last updated at 02:56 on December 6, 2024  / and /  Americas, Asia Pacific, Bavardage, EMEA, Other APAC, US, Voluntary

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.

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Rio Tinto calls for global carbon pricing to encourage investments in hard-to-abate sectors

Published 02:28 on December 6, 2024  /  Last updated at 02:28 on December 6, 2024  / /  Americas, Asia Pacific, Australia, Canada

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.

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WCI Markets: CCAs sell-off ahead of option expiry, Q4 auction shapes WCA direction

Published 00:36 on December 6, 2024  /  Last updated at 00:36 on December 6, 2024  / and /  Americas, Canada, US

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.

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Alberta pitches province open for AI data centre investment

Published 00:23 on December 6, 2024  /  Last updated at 00:23 on December 6, 2024  / /  Americas, Canada

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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