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Ryanair advances EUA hedging, raises traffic forecast

Published 22:45 on July 26, 2021  /  Last updated at 23:20 on July 26, 2021  /  Aviation/CORSIA, EMEA, EU ETS  /  No Comments

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.

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VCM Report: VERs steady on upward path, as developers forgo forward contracts  

Published 22:42 on July 26, 2021  /  Last updated at 22:42 on July 26, 2021  /  Africa, Americas, Asia Pacific, Australia, China, China's Offset Market, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

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.

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Traders Hartree to fund major expansion of REDD developer Wildlife Works

Published 21:38 on July 26, 2021  /  Last updated at 21:38 on July 26, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, EMEA, International, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

Trading house Hartree Partners has struck a deal that could treble the REDD credits generated by established developer Wildlife Works within four years.

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Israel unveils climate strategy seen as lacking ambition, missing key measures

Published 18:33 on July 26, 2021  /  Last updated at 18:33 on July 26, 2021  /  Carbon Taxes, EMEA, International, Kyoto Mechanisms, Middle East, Voluntary Market  /  No Comments

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.

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Euro Markets: EUAs lift nearly 5% as gas prices jump

Published 18:15 on July 26, 2021  /  Last updated at 00:43 on July 27, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

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.

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Carbon exchange ACX integrates BeZero offset ratings to enhance buyer confidence

Published 14:09 on July 26, 2021  /  Last updated at 14:30 on July 26, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Bavardage, China, China's Offset Market, EMEA, International, Kyoto Mechanisms, Mexico, Middle East, Other APAC, REDD, South & Central, Voluntary Market  /  No Comments

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.

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More London carbon traders on the move

Published 21:50 on July 23, 2021  /  Last updated at 12:06 on July 24, 2021  /  Bavardage, EMEA, EU ETS  /  No Comments

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.

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New banking regulations “unduly penalise” EU carbon trading, financial markets trade group warns

Published 14:43 on July 23, 2021  /  Last updated at 12:31 on July 24, 2021  /  Americas, EMEA, EU ETS, International, UK ETS, US, Voluntary Market  /  No Comments

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.

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Oil industry falls short of 1.5C goals, finds study that takes a hard line on offsets

Published 22:56 on July 22, 2021  /  Last updated at 22:56 on July 22, 2021  /  Americas, Asia Pacific, EMEA, International, REDD, Voluntary Market  /  No Comments

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.

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EEX publishes EU carbon permit auction calendar for 2022, updates 2021 schedule

Published 19:24 on July 22, 2021  /  Last updated at 03:00 on July 23, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

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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