Russian lawmakers give initial nod to nation’s first climate law
Russian lawmakers gave preliminary approval on Tuesday to the country’s first climate law, which aims to enable emissions trade and require large polluters to report their GHG output.
Read MoreEU Market: EUAs set new record above €45 following strong auction
EUAs extended their all-time high on Tuesday, breaking above €45 for the first time ever as strong auction demand spurred bullish confidence despite warnings of a technical correction.
Read MoreEU carbon market for vehicles, buildings would be “adjacent system, maybe with linkages” to existing ETS -official
If the EU’s carbon market is to be expanded to road transport and buildings, it would take the shape of an “adjacent system, maybe with linkages” to the existing ETS that would be increased over time, a senior European Commission official said Tuesday.
Read MoreEU’s MSR intake rate might need raising to reach 2030 climate target -report
The EU carbon market’s supply-adjusting MSR intake rate would need to at least be maintained at its current 24% or even increased if the 27-nation bloc is to meet its 2030 emissions reduction target, an NGO-commissioned report released Tuesday found.
Read MoreOffset developers, registries must bring higher-integrity protocols to market -report
Voluntary carbon market (VCM) participants and registries need to quickly scale-up high integrity offset protocols amid rising corporate demand, while also making tweaks to existing protocols to account for inadequacies, according to a white paper published Monday.
Read MoreCountries with EU ETS “deficits” should be exempted from MSR, Poland proposes
Poland has proposed modifying the EU carbon market’s MSR to exempt countries that are cutting emissions but continue to face an allowance “deficit”.
Read MoreVCM Report: Nature-based offset trades rev up amid wider VER stagnation
Voluntary emissions reduction (VER) prices dithered this week evenas spot commodities exchange and market data firm Xpansiv announced the inaugural trades in its nature-based offset product, while a new report highlighted the expansion of voluntary carbon market (VCM) interest in forestry-based credits over the past five years.
Read MoreEU Market: EUAs slip back after hitting another new record near €45
EUAs extended their record high again on Monday, but later slipped back as experts were mixed as to carbon’s next move.
Read MoreINTERVIEW: Carpetmaker Interface, a carbon-neutral pioneer, looks back on two decades of market evolution
After seeking to offset its emissions in the days before GHG protocols and carbon standards, US-based flooring manufacturer Interface is now receiving international acclaim for its work that has helped expand the voluntary emissions reductions (VER) market over the past 20 years.
Read MoreHigher EU renewables targets by 2030 risks depressing carbon price, say analysts
The EU will need to carefully calibrate its 2030 renewables targets with the bloc’s carbon market to avoid depressing EUA prices due to reduced power sector demand, analysts said in a report last week.
Read More