VCM MONTHLY DATA: Record CORSIA retirements, CCP price premium lift mood amid thin overall supply and demand
A mixed picture emerged for voluntary carbon market (VCM) participants in April, with lower overall supply and demand figures but positive data for units with either a CORSIA or Core Carbon Principles (CCP) label, while benchmark indices showed healthy price increases across the most popular projects.
Read MoreVCM REPORT: CORSIA curve falls amid jet fuel crisis, carbon credit issuance levels crash lower year-on-year
CORSIA prices dropped last week amid the global jet fuel crisis, although the latest leaked memo from Brussels about tightening carbon credit restrictions for the international aviation offsetting scheme has also played a role, analysts said.
Read MoreLiberia threatened with development funding cuts if it fails to greenlight CORSIA carbon supply -FT
Liberia faces losing vital development bank support unless it approves the sale of credits eligible under the UN’s international aviation offsetting scheme (CORSIA), the Financial Times reported on Friday.
Read MoreSpain, Germany lead commitments to shield consumers from Iran war energy price hikes -think tank
Spain and Germany have made nearly €7 billion in fiscal commitments to soften the impact of the war in the Middle East on voters, with France and the UK having taken almost no action thus far to shield consumers from the effects of price rises, analysis from a European think tank shows.
Read MoreVCM REPORT: CORSIA futures curb takes shape as REDD carbon prices climb amid shortage
The long-dated CORSIA futures curve took shape last week after a single lot on the Dec-30 contract was bought on the ICE exchange, while lower quality REDD projects continue to climb in value amid a dearth of supply of fresh issuance in the avoided deforestation sector.
Read MoreInvestors to call for German chemical giant to halt EU climate lobbying
An investor group plans to challenge the German chemical producer BASF on climate lobbying at its annual general meeting on Apr. 30, and will call on to align lobbying with its stated climate commitments.
Read MoreClimate change off the agenda at G7 Paris talks to avoid US clash, French minister says
Climate change will not feature on the agenda of a meeting of G7 nations, in order to avoid tensions with the US, a French news outlet reported Thursday.
Read MoreEU regulation spurring a wave of green alternative cement producers, analysis shows
Europe is racing ahead in low-carbon cement ahead of the twin impact of planned changes to the EU ETS and the full rollout of the Carbon Border Adjustment Mechanism (CBAM), a survey has found.
Read MoreDATA DIVE: How could Microsoft’s credit buying ‘pause’ impact different engineered CDR sectors?
Reports from earlier this month that Microsoft may be easing away from new investments in the carbon removal (CDR) sector caused alarm for developers, though some pathways stand to be relatively more exposed to a drop-off in forward buying from the tech giant.
Read MoreEUA price projection revised down as emissions fall due to industrial slowdown
EU Allowances will end the year around the €75 per tonne mark, analysts at a London-based firm have forecast, as a fall in output from industrials, rather than increased decarbonisation, continues to weaken emissions in ETS sectors.
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