UPDATE – 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.
Read MoreDozens of airlines scoop up CORSIA credits “in the low $20s” at special auction -sources
Dozens of airlines have purchased several hundred thousand CORSIA-eligible carbon credits in a special auction organised earlier this month by the Guyanese government, trading firm Mercuria, and exchange operator CBL Xpansiv, sources said.
Read MoreGEM’s carbon registry sale to Qatar’s GCC cancelled
Global Environmental Markets’ (GEM) sale of its fully integrated carbon registry business to Qatar-based offset standards body Global Carbon Council (GCC), which was announced at COP28 in Dubai last year, has been cancelled, the parties told Carbon Pulse.
Read MoreEU court dismisses lime maker’s challenge over free carbon allowance allocations
An EU court has dismissed two cases brought by a lime producer that sought to overturn a European Commission decision amending the free allocation of carbon allowances for its installations.
Read MorePoor health of former CQC executive Newcombe delays US fraud trial
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.
Read MoreMajor carbon ETF adds Washington state allowances to holdings after market survives vote
A major US-listed carbon ETF has added Washington state’s cap-and-trade allowances to its holdings in its latest reweighting.
Read MoreAI-powered climate tech firm discontinues VCM platform, services
An AI-powered climate tech company has shut down its online voluntary carbon market platform and halted access to its project data and other services.
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