Long-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.
Read MoreICVCM adopting ‘blunt’ approach to assessing voluntary carbon integrity after ruling out renewables, say analysts
The Integrity Council for the Voluntary Carbon Market (ICVCM)’s recent decision to rule out renewable energy credits from its high integrity CCPs tag reflects a “somewhat blunt approach”, according to analysts.
Read MoreVerra lifts suspension of Southern Cardamom REDD+ project after 14-month investigation
Verra has lifted its suspension of the Southern Cardamom REDD+ project (SCRP) after a 14-month investigation found the huge avoided deforestation scheme in Cambodia conformed to its standards, dismissing allegations of human rights violations.
Read MoreEU backs new rules for monitoring, reporting aviation emissions from low-carbon fuels, non-CO2 sources
EU member states on Friday approved an update to the bloc’s regulations that introduces zero-rating for emissions from a series of low-carbon aviation fuels and outlines new requirements for the MRV of non-CO2 emissions from airlines.
Read MoreEuro Markets: EUAs shed 1% week-on-week despite rising gas
European carbon prices traded rangebound on Friday morning, initially following TTF gas higher amid supply concerns due to geopolitical uncertainty, before easing back to notch a 1% week-on-week drop.
Read MorePOLL: Analysts lift EU carbon price forecasts, but expect enduring bearish factors to cap any gains
Analysts have nudged up their short- and medium-term forecasts for EU carbon allowances, though most repeated expectations that any prices rises will remain limited by weak demand from emitters and ample supply.
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