Study reveals varied drivers of carbon tax regressivity across Europe
Carbon taxes are widely regarded as essential tools in the fight against climate change, but new research highlights significant differences in how they impact households across Europe, challenging the notion that they are uniformly regressive.
Read MoreEU’s Market Stability Reserve to withdraw another 267 mln permits from ETS starting Sep. 2024
Almost 267 million carbon allowances will be withdrawn from the EU ETS over the 12 months starting this September and inserted into the Market Stability Reserve (MSR), the European Commission announced late Saturday in its annual ‘TNAC’ update.
Read MoreAfter 50% rally, EU carbon prices seen taking breather on long-term march higher -bank
European carbon prices could “take a breather” after rallying 50% from their recent low, analysts at a major investment bank said this week, though they maintained their bullish long-term view.
Read MoreTwo voluntary carbon project financiers report combined $72 mln in Asian investment losses
Two Toronto-based voluntary carbon project financiers on Wednesday reported a combined $72 mln in unrelated losses to their investments in Asia, raising fresh warnings for backers of such initiatives.
Read MoreGerman govt notified Brussels of intent to cancel up to 12 mln EUAs due to coal-fired generation capacity closures
The German government has notified the European Commission that it intends to voluntarily cancel up to 12.25 million EU Allowances to counter the market impact from the 2022 closure of electricity generation capacities at two ETS installations in the country.
Read MoreCORSIA credits could be worth over $50/t based on airline demand signals, says offset project financier
Prices for first phase CORSIA carbon credits could be valued above $50/tonne based on indications of airline demand, a project financier said Tuesday.
Read MorePOLL: Analysts again slash EUA price forecasts amid no signs of demand recovery
Analysts have once again cut their outlook for EU carbon prices, slashing their near-term forecasts by 10-15% on a mix of weak demand and ample supply.
Read MoreUN, Brazilian NGO announce German-funded $4.9-mln project to combat deforestation in Brazil
A UN agency and a Brazilian NGO on Tuesday announced a new initiative to promote payment for environmental services (PES) for deforestation-free supply chains, focusing on the Atlantic Forest biome in Brazil – a region critically endangered by deforestation activities.
Read MoreINTERVIEW: EU carbon prices haven’t seen bottom yet, veteran analyst warns
EU carbon prices have probably not seen their multi-year bottom yet and will likely head south again to re-test the key €50 level in the coming months, a veteran market analyst told Carbon Pulse.
Read MorePOLL: EU ETS emissions seen down a record 14% in 2023
Verified emissions covered under the EU ETS likely fell by a record 14% year-over-year in 2023, according to a poll of 13 analysts.
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