VCM Report: ICE CORSIA voluntary carbon futures strengthen further on thin trade as sources point to ‘panic’ buying
ICE’s CORSIA Phase 1-eligible (2024-26) voluntary carbon futures extended gains to reach a fresh record last week, on very low volume, with the price strength coming off the back of ‘panic’ buying given the supply uncertain outlook, according to sources.
Read MoreINTERVIEW: A third of barriers to trade now due to climate, WTO deputy head says
Countries need to more actively engage on climate change issues within the WTO, as an ever-increasing share of barriers and notifications brought before the international trade body are related to climate policies, the organisation’s deputy head told Carbon Pulse in an interview.
Read MoreEurope’s black market for climate-warming refrigerant gases persists as traders evade detection -report
The illegal trade in climate-warming refrigerant gases entering Europe is continuing at a significant level despite the worsening climate emergency, as organised criminals become more sophisticated in evading law enforcement, according to a report by an environmental NGO.
Read MoreIntegrity Council approves three voluntary carbon programmes for CCP eligibility
Gold Standard, ACR, and Climate Action Reserve (CAR) have been given the green light by the governing board of the Integrity Council for Voluntary Carbon Markets (ICVCM), marking a step towards the labelling of credits issued via their methodologies with the Core Carbon Principles (CCP) stamp, while Verra, ART TREES, Social Carbon, and Isometric will be assessed by May at the latest.
Read MoreUPDATE – US will be the least impacted by CBAM, some goods may even benefit -study
The US will be the least affected out of most major economies by the EU’s Carbon Border Adjustment Mechanism (CBAM), and some of its exports may even gain more EU market share because of it, according to an analysis by a US-based non-profit organisation.
Read MoreCN Markets: CEA price touches all-time high again amid loftier expectations
Chinese carbon allowances extended their record high again this week before retreating somewhat amid shrinking liquidity ahead of a national holiday, though market volatility is likely to increase given a lack of substantial demand from power plants.
Read MoreLast year’s renewable energy additions less than half what required to hit global climate goals
The 473 gigawatts of renewable power capacity added in 2023 marks a new record, but is less than half what is required to meet global climate and sustainable development goals at 1,000 gigawatts annually, with finance and grid bottlenecks presenting key bottlenecks, a new report finds.
Read More57 fossil fuel and cement producers caused 80% of emissions since Paris Agreement, study finds
The majority of global CO2 emissions released into the atmosphere since the Paris Agreement was adopted in 2015 can be traced to a small group of fossil fuel and cement companies, according to analysis published on Thursday.
Read MoreChina releases draft emissions guidelines for cement as ETS expansion nears, steel may come later
China has accelerated the work of adding cement to its national emissions trading scheme with the release of CO2 accounting guidelines, while it may take longer to include steelmakers amid data quality concerns.
Read MoreChina to see big CO2 cuts from first industrial-use nuclear steam supply project
China has given the green light to the country’s first industrial-use nuclear energy steam supply project, which could significantly reduce the coal consumption and carbon emissions of a major Chinese economic hub.
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