EU lawmakers strike deal on cross-border energy projects
EU institutions have struck a provisional deal on cross-border energy projects that bans public money being spent on new fossil fuel projects but allows a limited window to convert hydrogen facilities.
Read MoreVoluntary offset price rally seen resuming into 2022 -brokers
Voluntary emissions reduction (VER) prices could resume their rally into the second half of 2022 as trading houses look to further bolster their portfolios, brokers said in a research note on Tuesday.
Read MoreCORRECTION – VCM Report: VERs post weekly loss amid profit-taking, seller stand-off
Voluntary emissions reduction (VER) prices slipped in most standardised categories this week amid some year-end profit-taking and as sellers were seen as unwilling to accept a drop in value in the voluntary carbon market.
Read MoreEU commits first cash to carbon-cutting projects under Innovation Fund
Some 30 out of 32 initially-selected small-scale projects have signed grant deals to receive cash under the EU’s Innovation Fund, the European Commission said on Friday, the first such awards under the ETS-funded programme.
Read MoreKey takeaways from analysts as EU ETS prices spike to new highs above €90
EUA prices at record levels above €90 are unlikely to face a political backlash, trigger market intervention, or even cause most big-emitting industries much hardship, a conference heard on Wednesday from three analysts, who nonetheless expected ongoing carbon market volatility.
Read MoreEU industrials should extend buy-and-hold strategies as ETS price soars -analyst
Companies should consider buying more carbon allowances both as a hedge against future EU ETS price rises and also to use towards voluntary climate pledges, a conference heard on Tuesday.
Read MoreVCM Report: VER bull run continues as buyers get less picky
Voluntary emissions reduction (VER) values marched higher this week as voluntary carbon market (VCM) sources reported buyers were becoming less choosey about vintage and credit types amid the year-long surge in prices.
Read MoreNA Markets: CCAs routed after post-auction rebound, RGAs drift before sale results
California Carbon Allowances (CCAs) were taken to the woodshed this week as ICE’s margin hike and coronavirus worries weighed on a market still recovering from a surprisingly low auction settlement, while RGGI Allowance (RGA) prices trended down as traders awaited the result of the power sector scheme’s own Q4 sale.
Read MoreUK utility Drax aims for 12 Mt a year of carbon removals by 2030
British utility Drax is aiming to generate some 12 Mt of carbon removals a year by 2030, with 8 Mt within the UK and 4 Mt abroad, it said as part of its capital markets day on Wednesday.
Read MoreUN aviation body rejects latest offsetter applicants under CORSIA
UN aviation body ICAO’s Council has rejected all three of this year’s applications for eligibility under its CORSIA carbon offsetting scheme, declining to add the land-based initiatives to the seven programmes approved to date to provide airlines with a supply of carbon credits.
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