Slovakian aluminium plant to shutter due to energy crisis
Slovakia’s only aluminium plant will close later this year due to soaring power prices, the company’s operator announced Wednesday.
Read MoreUPDATE – ICE settles 2026 to 2030 vintage future for nature credits above $24
Hedging emissions with vintage 2026 to 2030 nature-based offsets will cost more than $24 a tonne on exchange ICE, which launched ten new voluntary carbon market (VCM) futures this week.
Read MoreVerra-approved dynamic baseline forestry methodology aims to deflate hot air criticism
Thousands of owners of small forestry plots in the US could be enrolled into carbon markets with the launch of a dynamic baseline methodology for calculating emissions that could be later rolled out to more than 100 countries globally, and help end the criticism of hot air, its proponents claim.
Read MoreEU’s GHG emissions hold below pre-pandemic levels in Q1 -Eurostat
The EU’s total GHG emissions rose 6% year-on-year in Q1 but held below levels seen before the coronavirus pandemic, the bloc’s statistics office said in an update on Tuesday.
Read MoreCORRECTION – Euro Markets: EUAs hit new three-month high, UKAs set new record as energy markets boil over
EUAs rose to another three-month high on Tuesday as energy prices continued to set records, with German cal-23 baseload power trading above €500/MWh for the first time amid widespread concerns that Europe may experience blackouts this winter as fuel supplies fall short of demand.
Read MoreAirCarbon Exchange ties up with market surveillance platform
Singapore-based voluntary carbon trading platform AirCarbon Exchange (ACX) has teamed up with trade surveillance provider Eventus to monitor market activities in a bid to prevent activities like market manipulation or money laundering.
Read MoreVCM Report: Nature-based curve stretches out amid demand for new vintages
VERs were steady for prompt and nearby offset prices this week, maintaining the uptick seen at the end of the previous week, while later dated vintages for nature-based credits climbed higher.
Read MoreEuro Markets: EUAs jump to 3-mth high as UKAs set new record amid extended energy gains
EUAs rose to a three-month high on Monday as the momentum generated by the reduced auction programme in August continued to drive the market despite very low volumes, while UK Allowance prices set a new record and energy prices also moved higher amid persistent concerns over winter energy supplies.
Read MoreGermany issues tender for EUA, EUAA auction platform for 2024-2029 period
Germany has issued a tender for a contract to auction EU Allowances and EU Aviation Allowances for the second half of the present phase of the bloc’s carbon market.
Read MoreOil firm Equinor invests in carbon removals venture
The investment arm of Norwegian oil firm Equinor has made an early-stage investment in a carbon removals venture that aims to store CO2 emitted from biogas producers.
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