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Position adjustments ahead for top carbon ETF after tracked index rebalances

Published 01:38 on November 30, 2021  /  Last updated at 10:42 on November 30, 2021  /  Americas, Bavardage, Canada, Conversations, EMEA, EU ETS, International, UK ETS, US  /  No Comments

The world’s largest carbon allowance ETF is expected to adjust its holdings – currently valued at almost $1.4 billion – in the coming days after the index it tracks announced a major rebalancing with new market weightings.

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COMMENT: A Brave New (Article 6) World

Published 19:36 on November 17, 2021  /  Last updated at 19:36 on November 17, 2021  /  Aviation/CORSIA, Climate Talks, Conversations, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Views, Voluntary Market  /  No Comments

Last week’s UN agreement on Article 6 is bullish for the role of market-based mechanisms in supporting global climate action. But the new dawn comes with added complexities, write Sebastien Cross and Tommy Ricketts of BeZero Carbon.

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Death of key Article 6 negotiator to weigh heavily at COP26

Published 00:13 on October 30, 2021  /  Last updated at 05:18 on October 30, 2021  /  Africa, Americas, Asia Pacific, Bavardage, Climate Talks, Conversations, EMEA, EU ETS, International, Kyoto Mechanisms, Mexico, New Market Mechanisms, REDD, South & Central, Voluntary Market  /  No Comments

As delegates descend on Glasgow next week to attempt to finalise the Paris Agreement’s Article 6, the absence of one long-time carbon markets negotiator who died tragically earlier this year from COVID-19 will weigh heavily on their work.

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COMMENT: Switzerland’s bilateral agreements set a poor precedent for ambition ahead of COP26

Published 18:56 on October 29, 2021  /  Last updated at 11:33 on November 25, 2021  /  Conversations, EMEA, International, New Market Mechanisms, Switzerland, Views, Voluntary Market  /  No Comments

Switzerland’s recent bilateral crediting deals send no signal for decarbonisation at home, while for the countries hosting the emission reductions the agreements close some of their best available options to implement their NDCs and raise ambition in the future, according to researchers at NewClimate Institute.

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ECOSYSTEM MARKETPLACE – Shades of REDD+: Managing expectations for Glasgow

Published 23:59 on October 28, 2021  /  Last updated at 02:23 on October 29, 2021  /  Africa, Americas, Asia Pacific, Climate Talks, Conversations, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Views, Voluntary Market  /  No Comments

Glasgow is likely to produce a decision on the implementation modalities for market mechanisms under the Paris Agreement. However, those expecting that such a decision would lead to a flurry of investments into Article 6 transactions may see their hopes frustrated by governments’ and corporates’ lack of appetite for such transactions. But closing the Paris Rulebook will still be important, if only to put voluntary carbon markets on stable ground.

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ECOSYSTEM MARKETPLACE – Shades of REDD+: Filling an Urgent Need – New Guidance for ‘Nested REDD+’ Published

Published 21:50 on October 19, 2021  /  Last updated at 21:51 on October 19, 2021  /  Africa, Americas, Asia Pacific, Conversations, EMEA, International, New Market Mechanisms, Other APAC, REDD, South & Central, US, Views, Voluntary Market  /  No Comments

Over the last months, several companies have announced an aggregate of more than two billion dollars of investments – in particular trading houses or major emitters – in voluntary carbon market projects that champion nature-based solutions. At the same time, the LEAF coalition is encouraging the development of jurisdictional REDD+. For such initiatives to peacefully coexist, there is an urgent need for countries to build “nested” REDD+ systems.

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COMMENT: High anxiety in the EU ETS

Published 22:14 on October 18, 2021  /  Last updated at 22:14 on October 18, 2021  /  Bavardage, Conversations, EMEA, EU ETS, Views  /  No Comments

Summer seems a long time ago now. Back in August and September, EU carbon was setting almost weekly records, European gas was nicely positioned at the top of the merit order, the European Commission was talking about climate ambition, and all was right with the world. And just three weeks later, the EU ETS finds itself in a time of high volatility and of high anxiety.

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COMMENT: “Nothing surpasses the beauty and elegance of a bad idea”

Published 22:06 on September 22, 2021  /  Last updated at 22:06 on September 22, 2021  /  Conversations, EMEA, EU ETS, Switzerland, UK ETS, Views  /  No Comments

It hasn’t taken long for governments to notice the EU ETS, spitting out revenue at the rate of half a billion euros a week, and get the idea that here is a mechanism ready-made to be exploited at a time of crisis. But a new Greek proposal marks a “forehead-smacking moment” that betrays a worrying lack of understanding about the market and how it works.

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COMMENT: Is the EU carbon price rally over?

Published 15:51 on September 19, 2021  /  Last updated at 15:51 on September 19, 2021  /  Conversations, EMEA, EU ETS, UK ETS, Views  /  No Comments

So the latest peak in European carbon prices is over. EUAs climbed to a record of €63.35 on September 8 and have settled back at around €60 over the past week. I suppose the question is: is that it? Are we done for the year, or are prices going to stage yet another rally?

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CARBON FORWARD 2021: Amid global carbon credit boom, experts gather to discuss risks, opportunities

Published 20:27 on September 17, 2021  /  Last updated at 17:02 on September 21, 2021  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Bavardage, Canada, Carbon Taxes, CBAM, China, China's National ETS, China's Offset Market, China's Pilot Markets, Climate Talks, Conversations, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, RINs & LCFS, Shipping, South & Central, South Korea, Switzerland, UK ETS, US, Views, Voluntary Market  /  No Comments

The sixth instalment of Carbon Forward – the premier annual environmental markets conference – is back, and it’s stacked with a first-class line-up of speakers to discuss the global boom in carbon credit prices, as well as government- and corporate-led efforts to scale up these markets.

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