Green groups piloting methodology for assessing VCM project types, standards
An environmental NGO-led initiative is currently demoing a methodology for scoring voluntary carbon market (VCM) project types and programmes, and the group hopes that its financial independence from voluntary emissions reduction (VER) issuances or services will help differentiate it from other entities also seeking to grade credits in the booming sector.
Read MoreEuro Markets: EU and UK markets post new all-time highs on buying surge as funds pile in
EU Allowance prices rose to a new record on Friday amid a surge of buying, while UKAs also set a new all-time high as funds piled in and buyers chased the market higher in an effort to secure supply.
Read MoreRising EUA prices a factor in energy price rises, not yet impacting headline inflation -ECB
Rising EUA prices are playing a role in rising energy prices but have not had a material impact on European headline inflation to date, according to the European Central Bank.
Read MoreJudge says EU court should uphold withdrawal of carbon units from bankrupt airline
A judge has recommended that the EU’s highest court uphold a member state’s right to withdraw the free emissions permit allocation of a bankrupt airline.
Read MoreEuro Markets: EUAs flat while UKAs soar to new record amid lack of sellers
EUA ended the day virtually unchanged on Thursday even as volatility increased after Wednesday’s options expiry, while UK Allowances posted their second-biggest ever price increase to set a new record amid a lack of selling.
Read MoreDirectors dash from ICIS as analysis firm deals with mounting resignations
Two directors have resigned from ICIS, Carbon Pulse has learned, with the commodity market intelligence firm also losing at least two senior carbon analysts in recent months.
Read More“Great buying opportunity” if EU carbon prices halve on gas retreat next year -analyst
EU carbon allowances could fall in value by as much as 50% from current levels by next summer should sky-high European gas prices retrace, an analyst has predicted, but this would present a “great buying opportunity”.
Read MoreNew venture close to submitting offset methodology framework for CCS modules
A new carbon capture and sequestration (CCS) group is in the final stages of drafting a carbon crediting framework for several types of reduction and removal technologies, a panel heard Wednesday.
Read MoreCOMMENT: “Nothing surpasses the beauty and elegance of a bad idea”
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.
Read MoreUS carbon border adjustment bill could be non-WTO compliant -experts
A federal bill introducing a US carbon border adjustment mechanism (CBAM) may not pass WTO muster in the absence of a nationwide CO2 price, experts said Wednesday.
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