POLL: Negative sentiment engulfs UK ETS, from carbon price outlook to EU linking prospects
UK carbon prices are expected to remain around current levels through next year, with analysts maintaining a generally bearish outlook for the market due to persistent oversupply, delayed policy reforms, and wider challenges that many think will all but ensure the ETS is not re-connected to Europe’s this decade.
Read MoreUK publishes proposed regulations formalising changes to ETS announced last year
The UK government has formally proposed legislation across the country’s four parliaments that would put into effect major changes to the British carbon market that were announced last year, according to a statement from the ETS Authority.
Read MoreMore than half of EU’s big emitting installations no longer participate in ETS, study finds
Around 35% of installations have exited the EU ETS since its inception, while a further 16% have stopped operating, according to a new analysis.
Read MorePOLL: Analysts slash EU carbon price forecasts as bearish factors continue to dominate
Analysts have slashed their forecasts for EU carbon allowance prices across the board, amid ongoing supply pressures and reduced demand from European power and industrial emitters.
Read MoreEU ETS non-compliance rate dips following surrender deadline extension
The share of EU ETS-regulated installations and aircraft operators that are in non-compliance with the scheme has dropped below 3% for the first time in four years, after the annual permit surrender deadline was extended by five months.
Read MoreLong-time European utility carbon trader joins Dutch bank
A European carbon trader that spent the past 20+ years in various roles at energy companies has joined a Dutch bank.
Read MoreUS authorities charge former CQC boss Newcombe, executives with fraud in landmark VCM case
US authorities have charged Ken Newcombe, the former CEO of project developer CQC Impact Investors LLC (CQC), plus the company’s ex-COO and a former managing director, with fraud, accusing them of submitting false and misleading information relating to the generation of voluntary carbon credits.
Read MoreCWNYC24: RGGI’s proposed updates could split regional power market -experts
The proposed updates from RGGI states could divide the regional power market into trading zones each with a different emissions cap and separate allowance types, a panel of experts discussed at Climate Week NYC last week.
Read MoreCWNYC24: New initiative shuns carbon offsets to offer alternative path to decarbonising global fashion
A new initiative to decarbonise cotton production without the use of carbon offsets was launched Wednesday, in an attempt to transform the global fashion industry’s approach to sustainable raw materials.
Read MoreUS market regulator approves voluntary carbon credit trading guidelines
The US Commodity Futures Trading Commission (CFTC) approved final guidance Friday regarding the listing for trading of voluntary carbon credit derivative contracts.
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