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Green groups piloting methodology for assessing VCM project types, standards

Published 21:25 on September 24, 2021  /  Last updated at 22:49 on September 24, 2021  /  Americas, Asia Pacific, Aviation/CORSIA, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, US, Voluntary Market  /  No Comments

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.

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Euro Markets: EU and UK markets post new all-time highs on buying surge as funds pile in

Published 17:35 on September 24, 2021  /  Last updated at 22:10 on September 24, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

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.

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Rising EUA prices a factor in energy price rises, not yet impacting headline inflation -ECB

Published 16:06 on September 24, 2021  /  Last updated at 20:27 on September 24, 2021  /  EMEA, EU ETS  /  No Comments

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. 

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Judge says EU court should uphold withdrawal of carbon units from bankrupt airline

Published 18:40 on September 23, 2021  /  Last updated at 18:40 on September 23, 2021  /  EMEA, EU ETS  /  No Comments

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.

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Euro Markets: EUAs flat while UKAs soar to new record amid lack of sellers

Published 18:00 on September 23, 2021  /  Last updated at 00:18 on September 24, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

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.

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Directors dash from ICIS as analysis firm deals with mounting resignations

Published 23:57 on September 22, 2021  /  Last updated at 23:57 on September 22, 2021  /  Americas, Bavardage, Canada, EMEA, EU ETS, US  /  No Comments

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.

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“Great buying opportunity” if EU carbon prices halve on gas retreat next year -analyst

Published 23:33 on September 22, 2021  /  Last updated at 17:52 on September 23, 2021  /  EMEA, EU ETS  /  No Comments

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”.

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New venture close to submitting offset methodology framework for CCS modules

Published 23:05 on September 22, 2021  /  Last updated at 23:05 on September 22, 2021  /  Americas, Asia Pacific, EMEA, International, New Market Mechanisms, Voluntary Market  /  No Comments

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.

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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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US carbon border adjustment bill could be non-WTO compliant -experts

Published 21:52 on September 22, 2021  /  Last updated at 21:56 on September 22, 2021  /  Americas, Canada, CBAM, EMEA, EU ETS, US  /  No Comments

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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