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POLL: Finding pockets of bullish optimism, analysts lift EU carbon price forecasts

Published 05:00 on January 30, 2023  /  Last updated at 03:57 on January 30, 2023  /  EMEA, EU ETS  /  No Comments

Analysts have raised markedly their forecasts for EU carbon prices for the next two years, despite the impending injection of tens of millions of additional permits into the market and wider concerns over the bloc’s economy.

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ANALYSIS: Smaller green shipping deals bode well for global agreement

Published 23:28 on January 27, 2023  /  Last updated at 09:59 on January 29, 2023  /  EMEA, EU ETS, International, Shipping  /  No Comments

As nations squabble at the UN’s maritime agency (IMO) over a headline global climate target for shipping, governments are doing better at making smaller-scale arrangements that cut across historic rich-poor divides and are widely seen as essential for decarbonising the sector.

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South Pole pausing offset sales from flagship REDD+ project amid baseline revalidation, media scrutiny

Published 23:24 on January 27, 2023  /  Last updated at 17:25 on January 28, 2023  /  Africa, EMEA, International, Nature-based, Voluntary  /  No Comments

Carbon credit developer and intermediary South Pole will not immediately sell recent-vintage offsets from a major African REDD+ project as the firm reassesses the initiative’s emissions baseline, the company said Friday after an investigative report argued the undertaking over-credited tens of millions of voluntary emissions reductions throughout the past decade.

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Euro Markets: Short covering rally ends at new one-month high before falling back amid indecision

Published 17:33 on January 27, 2023  /  Last updated at 21:17 on January 27, 2023  /  EMEA, EU ETS, UK ETS  /  No Comments

European carbon extended recent gains to reach its highest in a month on Friday, before slipping back to post a loss on the day – but a 4.9% weekly rise – as the recent short covering-driven rally came to an end and traders positioned themselves for the market’s next move.

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EU carbon removals plan lacks sufficient safeguards for offsetting, say researchers

Published 14:47 on January 27, 2023  /  Last updated at 14:47 on January 27, 2023  /  EMEA, Nature-based, Voluntary  /  No Comments

An EU’s proposal for a voluntary carbon removal certification scheme lacks sufficient rigour to ensure soil carbon credits are not overstating their climate benefits, according to research commissioned by the German government that recommended against using such credits for offsetting purposes.

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Czech investor acquires UK gas power firm InterGen

Published 13:43 on January 27, 2023  /  Last updated at 13:43 on January 27, 2023  /  EMEA, UK ETS  /  No Comments

Czech group Creditas is expanding into the UK, with the acquisition of InterGen which provides about 5% of UK power generation capacity via four gas-fired facilities.

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Green steel firm announces $120 mln financing led by EU heavyweight

Published 11:12 on January 27, 2023  /  Last updated at 11:12 on January 27, 2023  /  Americas, EMEA, International  /  No Comments

A US-based green steel firm has secured $120 million of Series C fundraising led by EU-based multinational steelmaker ArcelorMittal, it announced on Friday, with tech giant Microsoft also involved.

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Pilot Russian carbon trades begin at floor price despite Ukraine crisis

Published 19:41 on January 26, 2023  /  Last updated at 19:41 on January 26, 2023  /  Asia Pacific, EMEA, Other APAC  /  No Comments

Pilot trading in Russia’s domestic carbon market has begun on the gas-rich island of Sakhalin after two projects have been issued with credits, economy minister Maxim Reshetnikov was reported as saying. 

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Euro Markets: EUAs move into positive territory for 2023 after short-covering drives biggest gain in month

Published 17:20 on January 26, 2023  /  Last updated at 20:11 on January 26, 2023  /  EMEA, EU ETS, UK ETS  /  No Comments

EUAs posted their biggest daily increase in a month to reach their highest level of 2023 on Thursday on the back of what was generally acknowledged to be a short squeeze by speculative traders, while energy prices were mixed amid forecasts for higher temperatures and increased wind generation.

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COMMENT: Tropical forest conservation is tricky to measure, but we’re running out of time

Published 19:19 on January 25, 2023  /  Last updated at 10:42 on January 26, 2023  /  Africa, Americas, Asia Pacific, Contributed Content, EMEA, International, Nature-based, Other APAC, Other Content, South & Central, Voluntary  /  No Comments

Recent claims around the effectiveness of rainforest carbon credits are being hotly debated right now. And rightly so. Companies have reportedly paid over $1 billion for these credits, and they are being used to offset ‘real’ emissions. So, if they’re not genuine, that’s a massive problem for climate action, warns Edward Mitchard of mapping provider Space Intelligence.

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