BRIEFING: Could CORSIA be the next Trump target, and what would a US exit mean?
The US’ involvement in the UN’s CORSIA aviation offsetting scheme could soon be on the new Trump administration’s radar – if it’s not already – after the CEO of a major logistics firm said he expects the country to exit the programme. But what would that look like and how are other major countries likely to respond?
Read MorePOLL: Analysts retain bearish near-term outlook for UK Allowances on policy uncertainty, oversupply
Analysts have kept their bearish UK Allowance outlook for the year ahead due to the policy uncertainty and oversupply that continue to hang over the market, revising down forecasts for benchmark futures prices by around 5% compared to previous polling.
Read MorePOLL: Tightening supply, speculator positioning lead analysts to lift EU carbon price forecasts
Analysts have nudged up their forecasts for EU carbon allowance prices for the remainder of Phase 4 (2021-30), predicting that tighter market conditions will start to bite from this year.
Read MoreUKAs surge on reports of British govt push for ETS linkage with EU
UK carbon prices rallied above £40 on Tuesday on reports describing a push from Prime Minister Keir Starmer’s government to link the British emissions trading market to that of the EU – a plan strongly supported by the Scottish government.
Read MoreTrio of European carbon market experts leave long-term roles
A trio of European carbon market experts have left their long-time roles in the past two months, Carbon Pulse has learned.
Read MorePolicy incentives needed to balance CDR development given wide price spreads -survey
More policy incentives are needed to encourage the nascent carbon removal (CDR) sector, given a wide gap in price perceptions among market participants, according to results of a recent pricing survey.
Read MoreUPDATE – EEX posts 10% rise in EUA volumes in 2024, but futures OI kicks off new year at multi-year lows
Germany-headquartered EEX posted a 10% rise in traded EU carbon volumes last year, according to data published Wednesday, though open interest on futures has slumped to multi-year lows since the expiry of the Dec-24 EUA contract last month.
Read MoreUPDATE – Euro Markets: EUAs trim losses amid late gas-driven rally after weak first auction
European carbon prices declined for a second day as the first auction of the year cleared at a sizeable discount to the secondary market and saw modest demand, though a late gas-fuelled rally narrowed the day’s losses.
Read MoreEstonian PM questions participation in EU ETS after Estlink2 cable outage
Estonia’s Prime Minister Kristen Michal has criticised the country’s participation in the EU Emissions Trading System (EU ETS), as the country weathers an energy crisis and the fallout from a damaged undersea power cable.
Read MoreUN cancels tender to build centralised Article 6 registry system
A UN tender to build a centralised registry system for carbon trading under Article 6 of the Paris Agreement has been cancelled, Carbon Pulse has learned, though an interim solution is expected to be operational by year’s end.
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