Carbon removal standard updates registry, certification platforms
A carbon removal standard has unveiled a series of updates to its registry and certification platform, including new durability labels on issuances.
Read MoreEuro Markets: EUAs continue slump as Brussels clean industrial policy leak sparks late gas volatility
European carbon prices continued their downtrend on Tuesday, breaching several key technical support levels, as the weight of a TTF gas market sell-off for most of the session kept pressure on EUAs, though a leak of the draft EU Clean Industrial Deal Communication that emerged in the afternoon, containing a more flexible approach to gas storage, spurred some late gas volatility.
Read MoreANALYSIS: Carbon capture leads growth amid challenging landscape for climate tech investment
Strong growth in carbon capture and removal investment helped the wider tech sector remain resilient in 2024 to wider macroeconomic and geopolitical challenges, with investors and startups optimistic for the year ahead.
Read MoreEuro Markets: EUAs resume losses as ‘overheated’ TTF gas falls further on geopolitical speculation
European carbon fell back on Monday, despite supportive near-term demand fundamentals, as bearish gas prices continued to exert their dominance over EUAs, with analysts pointing to speculators selling out of TTF contracts amid rising market hopes for a resolution to the Ukraine war.
Read MoreArticle 6 body launches interim registry, approves first CDM transition requests
The Supervisory Body for the Article 6.4 mechanism (SBM) agreed to launch an interim registry to help speed along the operationalising of the Paris Agreement Crediting Mechanism (PACM) at its first meeting of the year, also making the first approvals as part of the Clean Development Mechanism (CDM) transition process.
Read MoreEuro Markets: EUAs chart 3% weekly loss on gas slump despite technical-driven recovery
European carbon prices rebounded on Friday back off technical support levels for a 2% daily gain, despite ongoing pressure from a bearish TTF gas market that saw EUAs succumb to a 3% weekly loss.
Read MoreRWE posts 8% drop in lignite-fired generation in 2024
RWE, historically the largest emitter in the EU ETS, posted a 8% annual drop in EU lignite-fired power generation in 2024, in preliminary full-year figures published on Thursday.
Read MoreAmazon, Microsoft team up with Exxon for new voluntary carbon task force
Representatives from several large corporates, including Amazon, ExxonMobil, and Microsoft, have teamed up with voluntary carbon experts as part of a new task force aimed at driving integrity in the market.
Read MoreEuro Markets: EUAs slump 3% as gas sell-off continues to add pressure
European carbon prices continued to track lower on Thursday amid heavy losses on gas markets, as sources pointed to the movement coming as part of an “overdue” correction lower after a sustained period of strength.
Read MoreUK govt says “strongly minded” to extend ETS beyond 2030, permit allowance banking in latest consultation
The UK ETS Authority has opened a consultation on the next stage of the country’s carbon market, seeking views both on its continued operation beyond 2030 as well as the banking of allowances between its current and future phases, generating some surprise among market sources, who said they had assumed the government was already committed to continuing with the ETS.
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