Ryanair advances EUA hedging, raises traffic forecast
Irish-based airline Ryanair revealed it has extensively covered its EU ETS buying requirements for the coming years, even as it raised its forecast for flight traffic in quarterly results on Monday.
Read MoreVCM Report: VERs steady on upward path, as developers forgo forward contracts
Voluntary carbon market prices for nature- and non-nature-based credits rose once again this week, as project developers began shifting back to spot voluntary emissions reduction (VER) deals rather than forward contracts.
Read MoreTraders Hartree to fund major expansion of REDD developer Wildlife Works
Trading house Hartree Partners has struck a deal that could treble the REDD credits generated by established developer Wildlife Works within four years.
Read MoreIsrael unveils climate strategy seen as lacking ambition, missing key measures
Israel this weekend approved a plan to cut its mid-century greenhouse gas emissions by 85% below 2015 levels, but critics decried the strategy for missing key elements and for not going far enough.
Read MoreEuro Markets: EUAs lift nearly 5% as gas prices jump
EUAs staged a sharp rally on Monday, wiping out the losses incurred in the second half of last week as optimism crept back into the market and gas prices jumped higher.
Read MoreCarbon exchange ACX integrates BeZero offset ratings to enhance buyer confidence
Emissions bourse AirCarbon Exchange (ACX) has integrated carbon offset ratings service BeZero onto its platform to provide credit buyers more confidence and transparency with regards to their purchases, the two firms announced Monday.
Read MoreMore London carbon traders on the move
Gazprom’s trading arm has parted ways with its head of environmental products, while a London-based emissions trader at a carbon hedge fund appears to have left his role.
Read MoreNew banking regulations “unduly penalise” EU carbon trading, financial markets trade group warns
New European banking regulations could unduly hamper global carbon trading by assigning an excessive risk weighting and penalising allowance carry trades in the EU ETS, a major trade organisation representing financial market participants has warned.
Read MoreOil industry falls short of 1.5C goals, finds study that takes a hard line on offsets
The world’s oil and gas industry is set to vastly exceed emissions levels compatible with limiting global warming to the Paris Agreement’s 1.5C goal, according to a study that gave no weight to the sector’s massive offset buying spree.
Read MoreEEX publishes EU carbon permit auction calendar for 2022, updates 2021 schedule
Energy exchange EEX on Thursday published the EUA and EUAA auction calendar for 2022, while updating the 2021 schedule to account for supply withdrawals by the MSR from September to December.
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