VCM Report: VERs continue slide as Ukraine crisis compounds already-weak market
Voluntary emissions reduction (VER) prices on standardised, exchange-traded contracts continued to slump this week, with nature-tech and tech-based units extending multi-month lows, as an already-weak market came under further pressure amid the uncertainty created by Russia’s invasion of Ukraine.
Read MoreUtility RWE reports 16.5% rise in ETS-covered emissions for 2021
Germany-based utility RWE, the EU’s top corporate emitter, reported a 16.5% rise in its ETS-covered thermal power output for 2021, it said on Friday, upping its demand for carbon allowances.
Read MoreUkraine crisis to weigh on VER prices as buyers step back -traders
Voluntary emissions reduction (VER) prices are likely to come under pressure as buyers step away from the market amid huge uncertainties thrown up by Russia’s invasion of Ukraine, an online panel heard on Thursday.
Read MoreVerra’s nature carbon lead joins developer South Pole
One of the most senior staffers at standards body Verra is joining South Pole, with the offset developer and consultancy looking to broaden its technology-focused portfolio into nature as part of an ongoing expansion.
Read MoreVCM Report: CORSIA-grade VERs hit four-month lows, nature-based credits extend slide
Voluntary emissions reduction (VER) prices on standardised, exchange-traded contracts plumbed multi-month lows this week, with traders citing a correction for last year’s bull run and adjusted vintage rules for a nature-based contract as reasons for the sell off.
Read MoreBrussels plans to increase EU carbon market oversight -media
The European Commission is considering imposing more reporting requirements for EU ETS emissions derivatives as soon as next month, media reported late Thursday, citing a draft document.
Read MorePuro.earth launches engineered carbon removals registry
Nasdaq’s carbon removals platform Puro.earth has launched a registry for units issued under its standard, seeking to scale up voluntary activity and transparency.
Read MoreKey EU lawmaker sets out plans for stronger ETS price controls, oversight
A senior EU lawmaker has proposed a relaxation of the parameters for injecting additional supply to the EU ETS in the event of a price spike, one of a raft of market reform ideas MEPs put forward ahead of a deadline on Wednesday.
Read MoreSouth Pole buys Swedish consultancy to add to its European acquisitions
Offset developer and consultancy South Pole has bought a Swedish consultancy, it said on Tuesday, the latest of its acquisitions as it aims to keep pace with the rapid growth in corporate climate action.
Read MoreEU business groups warn against ‘hurried’ carbon market intervention
The EU should hold off on proposing any EU ETS intervention until the bloc’s financial watchdog ESMA publishes a report on market behaviour, 10 lobby groups urged on Tuesday, while Poland reiterated its call for Brussels to step in.
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