BRIEFING: EU finalises stricter CBAM rules, raising costs for importers as benchmarks tighten and default values surge
EU member states have approved the long-awaited rules governing how the bloc’s Carbon Border Adjustment Mechanism (CBAM) will operate from 2026, adopting a more stringent framework than those in draft texts leaked last month and raising the cost exposure for importers across steel, aluminium, cement, fertilisers, and hydrogen.
Read MoreDataset study reveals VCM functions more as OTC ecosystem for “emotionally-appealing marketing claims” than global commodities market
The voluntary carbon market (VCM) operates more like a differentiated, over-the-counter (OTC) marketplace for “emotionally-appealing marketing claims” than a unified commodity market, according to a new study that draws on data from one of the largest offset dealers globally.
Read MoreBRIEFING: Verra launches review into large Amazon REDD carbon project in wake of public scrutiny
Verra has launched a review into the verification and validation assessments of a large avoided deforestation project in the Brazilian Amazon following accusations that it has generated millions of carbon credits from land inside federally-protected areas.
Read MoreEU carbon market to tighten next year, flirt with €100 ahead of possible oversupply from 2028 -analysts
EU carbon prices look set to climb further into 2026 before easing later in the decade, a team of analysts said Thursday, as tightening supply, record fund positioning, and a growing structural deficit collide with weakening industrial demand, a rapidly decarbonising power mix, and possible market intervention.
Read MoreVoluntary carbon market at risk of collapse without better certification, study warns
The voluntary carbon market risks degenerating unless certifiers sharply improve the accuracy of their project screening processes, according to a new study that warns that current market structures could result in a self-reinforcing spiral of falling credit prices, vanishing high-quality supply, and eventual collapse.
Read MoreEuropean gas slump to accelerate EUA gains as spark spreads strengthen, analysts forecast
European natural gas prices could fall below €25/MWh next year and potentially dip under €20 if a Ukraine peace deal allows partial Russian supply to return, analysts at a US investment bank predict, while a wave of new LNG supply, growing data centre electricity use, and Germany’s coal-to-gas shift will underpin wider spark spreads and firmer EU Allowance demand.
Read MoreBRIEFING: Huge sovereign forest carbon deals go dark as Dubai-based Blue Carbon slips into the shadows
A series of high-profile sovereign forest carbon project agreements covering vast swathes of land, struck between Dubai-based Blue Carbon LLC and multiple developing nation governments in 2023-24, have stalled or could now be void as the company appears to have ceased operations, according to sources and media reports.
Read MoreEuropean carbon analyst leaves BloombergNEF to join US hedge fund
A European carbon analyst has left BloombergNEF to join the London office of a major US-headquartered hedge fund, Carbon Pulse has learned.
Read MoreUK withdraws $1.15 bln in public financing from Mozambique LNG project, Dutch also pull out
The UK’s public export credit agency has withdrawn $1.15 billion in loans and guarantees from TotalEnergies’ Mozambique LNG project on the grounds that risk exposure is too high to justify continued participation in the deal, Labour officials said in parliament on Monday, while the Dutch government also pulled support.
Read MoreBC review backs tightening industrial carbon pricing, warns of credit oversupply risks
British Columbia’s industrial carbon pricing system is largely delivering as intended, but the province will need tighter performance standards, clearer long-term price signals, and stronger limits on compliance flexibilities to stay on track for its climate goals.
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