Euro Markets: Midday Update
European carbon prices rose on Monday morning as participants digested the European Commission’s EU ETS reform proposals, and the market appeared to confirm that the package had been broadly priced in ahead of the announcement, while European gas performed strongly despite falling back from a three-month high seen in overnight trading as Iran and the US continued strikes.
Read MoreANALYSIS: EU ETS carbon removal volumes may be much lower than headline figure
EU carbon removal units procured for integration into the bloc’s Emissions Trading System (ETS) could be much lower than the headline 250 Mt, as this figure refers to the number of carbon permits that will be set aside to fund removal unit purchases, experts have noted.
Read MoreEU ETS reform risks flooding carbon market, weakening climate ambition, warn researchers
The European Commission’s proposed overhaul of the EU Emissions Trading System (ETS) would create a prolonged glut of carbon allowances that risks suppressing prices, weakening investment signals, and putting the bloc’s 2040 climate target in jeopardy, according to a new assessment by a German think tank.
Read MoreNew biochar firm targets African agricultural waste for carbon credits
A newly launched biochar company plans to help African agricultural processors convert biomass waste into biochar and generate verified carbon removal credits for corporate buyers, it announced last week.
Read MoreFrench cement producer raises €17 mln to scale low-CO2 clinker alternative
A French producer of low-carbon cement materials has raised €17 million to expand the output of its calcined clay product that it says has up to 90% lower CO2 emissions than the clinker it replaces.
Read MoreCountries overlooking large marine animals in environmental impact assessments -paper
Many countries do not explicitly require environmental impact assessments (EIAs) for industrial projects to consider large marine animals such as sharks, a study has found.
Read MoreVCM REPORT: CORSIA futures jump above $12/t on EU ETS reform package, despite complications for global aviation
ICE CORSIA Dec-26 futures continued their upward swing last week, rising to $12.50/t by the end of Friday, from $10 per tonne the previous week, as the European Union proposed to extend EU Emissions Trading System (ETS) coverage to some international flights while continuing “support for multilateralism” through a CORSIA cost deduction mechanism.
Read MoreEU sets out draft ETS2 payback scheme for wrongly charged fuel users
The European Commission has drafted new rules that spell out how EU countries may compensate consumers that are inadvertently charged carbon costs under the bloc’s  upcoming Emissions Trading System for road transport and heating fuels (ETS2), while also using that data to correct the future supply of allowances under the scheme.
Read MoreAsset manager secures $253 mln for environment co-investment fund
A Switzerland-headquartered investment manager has raised $253 million for its first fund aimed at supporting action on climate mitigation and biodiversity protection.
Read MoreLong-term ecological recovery key to effective biodiversity offsetting -study
Biodiversity offsetting under the UK’s biodiversity net gain (BNG) scheme can only deliver meaningful conservation outcomes when restoration areas are larger than impacted habitats and protected over timescales that match ecological recovery, according to a study published Friday.
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