UN chief warns Davos on climate inaction, global risks
UN Secretary General Antonio Guterres told the World Economic Forum (WEF) on Monday that there is no sign that governments are planning to effectively manage climate risks, urging the private sector to step up efforts and avoid greenwashing well ahead of November’s COP27 UN climate talks in Egypt.
Read MoreVCM Report: Nature-based contract hits new heights while CORSIA units falter
Standardised nature-based voluntary emissions reductions (VER) prices found strength this week, while technology-based CORSIA-eligible credits and others generally flatlined or sank.
Read MoreNZ Market: NZUs sprint to new high as demand holds firm
New Zealand carbon allowances hit a new record again on Monday, as the market continues to anticipate rising prices in the year ahead.
Read MoreRebound in demand saw global electricity emissions spike by 7% in 2021, IEA says
Strong growth in global electricity demand of 6% in 2021, brought about by the recovery of global GDP from the Covid-19 induced slump from the year before and extreme weather conditions, saw electricity CO2 emissions spike by nearly 7% to reach a record level in the year of COP26, the International Energy Agency (IEA) stated on Friday.
Read MoreUN teams up with second exchange to promote CDM credit sales to voluntary market
The UN’s climate change agency has partnered with a second carbon exchange to drive sales of carbon credits issued under its Kyoto-era Clean Development Mechanism (CDM) to the voluntary carbon market, as the international offsetting scheme readies its transition under the Paris Agreement.
Read MoreAustralia Market Roundup: ACCUs fly even higher as Safeguard deadline approaches
Australian carbon credit prices are continuing to rise quickly on very low volumes, as all available supply is quickly picked up by voluntary buyers and emitters preparing for next month’s Safeguard Mechanism compliance deadline.
Read MoreKorean auction undersubscribed again, even as price rises
South Korea sold only 40% of the allowances available at its first carbon auction of the year, even as the KAU price continues to rise.
Read MoreIndustry experts partner with major exchanges to list voluntary carbon contract that addresses market’s “pain points”
A team of industry veterans has signed agreements with two exchanges to list a new voluntary contract that it says will offer an innovative approach to trading that addresses the market’s “pain points”.
Read MoreANALYSIS: A potent force – making a market for methane emissions
Methane emissions concentrations in the atmosphere reached all-time highs in 2021 along with most other greenhouse gases, but with limited upstream regulation at oil and gas operations, product labelling and certificate trading are building momentum as an additional way of curbing the potent discharges.
Read MoreNZ Market: NZUs rise to record high amid bullish holiday mood
New Zealand carbon allowances rose to a fresh record on Tuesday, climbing towards this year’s auction cost containment reserve (CCR) trigger level, though volumes were modest with many traders away on summer holiday.
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