MARCU MY WORDS: The vision for the EU ETS in the 2030 Framework – will it be up to the challenge?
With so many issues being brought to the table and put on the menu for possible EU ETS reforms and to embody the European Green Deal, there is a real risk of not being able to see the forest for the trees, argues Andrei Marcu. Any revision of the EU ETS needs to be put in the context of the role of the market in the 2030 timeframe and beyond, and the objectives of the review. If not, we may get wrong not only the review of the EU ETS but also, due to a lack of debate, its role going forward.
Read MoreCARBON PULSE CONVERSATIONS 016: EDF and WWF on CORSIA
In the latest edition of our Carbon Pulse Conversations podcast, we speak with Environmental Defense Fund (EDF) International Counsel Annie Petsonk and WWF Director of Carbon Market Governance and Aviation Brad Schallert about recent developments regarding UN body ICAO’s global aviation offsetting mechanism CORSIA.
Read MoreCOMMENT: Bridging the gap in EU carbon prices?
EUAs hit a 14-year high in July before immediately nosediving as the market suffered altitude sickness. Now we’re back in the €25-26s, roughly where we were before the Great Covid Sell-Off, and it feels like prices aren’t sure where to go next. According to Alessandro Vitelli, August looks pretty finely balanced in terms of price outlook: a supply cut may mitigate some potential weakness, but there are darker clouds on the horizon.
Read MoreCARBON PULSE CONVERSATIONS 015: Sheppard Mullin
In the latest episode of our Carbon Pulse Conservations podcast, we speak with Sheppard Mullin Partner Nico Van Aelstyn about the recent federal court rulings in the US Department of Justice’s (DOJ) legal challenges to the California-Quebec carbon market linkage.
Read MoreCOMMENT: Why BNEF thinks the EU ETS does not need a price ceiling
The price of EUAs topped €30 on July 13, the highest since 2006. At that point, EUAs had risen by over 60% since May 12, and had almost doubled compared to their March lows. The rally has prompted the discussion around additional stability mechanisms. Analysts at BloombergNEF discussed the concept of a carbon price floor after EUAs declined almost 40% in March. This time, the price spike has raised the question of the need for a carbon price ceiling.
Read MoreCARBON PULSE CONVERSATIONS 014: MexiCO2
In the latest edition of our Carbon Pulse Conversations podcast, we chat with Eduardo Piquero, general director of Mexico City-based environmental consultancy MexiCO2, regarding carbon pricing developments at the national and subnational level in Mexico.
Read MoreMARCU MY WORDS: Carbon leakage and competitiveness – different objectives, different tools
The EU needs to broaden its debate beyond a proposed carbon border adjustment mechanism in order to deal with carbon leakage and competitiveness issues thrown up by its climate ambition running ahead of that pursued by its main trade partners, argue Andrei Marcu, Michael Mehling, Aaron Cosbey of think-tank ERCST.
Read MoreCARBON PULSE CONVERSATIONS 013: ClearView Energy Partners
In the latest episode of our Carbon Pulse Conversations podcast, we chat with Neelesh Nerurkar, vice president of Washington DC-based research firm ClearView Energy Partners, to discuss current developments and politics surrounding the US Renewable Fuel Standard (RFS).
Read MoreCARBON PULSE CONVERSATIONS 012: RGGI Commissioners
In the latest installment of our Carbon Pulse Conversations podcast, we speak with former RGGI Commissioners Justin Johnson and David Littel about the upcoming 2021 programme review for the Northeast US power sector cap-and-trade scheme.
Read MoreCARBON PULSE CONVERSATIONS 011: EnergyLab (Chile)
In the latest edition of our Carbon Pulse Conversations podcast, we chat with Cristian Mosella, co-founder and executive director of Chilean consultancy EnergyLab, about the South American country’s recent COP25 presidency, its updated Paris Agreement NDC, and developments regarding a potential emissions trading programme and the current carbon tax.
Read More