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Slovakian aluminium plant to shutter due to energy crisis

Published 08:50 on August 17, 2022  /  Last updated at 08:50 on August 17, 2022  /  EMEA, EU ETS  /  No Comments

Slovakia’s only aluminium plant will close later this year due to soaring power prices, the company’s operator announced Wednesday.

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UPDATE – ICE settles 2026 to 2030 vintage future for nature credits above $24

Published 20:10 on August 16, 2022  /  Last updated at 19:29 on August 17, 2022  /  Africa, Americas, Asia Pacific, Australia, Canada, China, EMEA, International, Japan, Mexico, Middle East, Nature-based, New Zealand, South Korea, Switzerland, US, Voluntary Market  /  No Comments

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.

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Verra-approved dynamic baseline forestry methodology aims to deflate hot air criticism

Published 19:00 on August 16, 2022  /  Last updated at 19:06 on August 16, 2022  /  Africa, Americas, Asia Pacific, Australia, Canada, China, EMEA, International, Japan, Mexico, Middle East, Nature-based, New Zealand, South Korea, Switzerland, UK ETS, US, Voluntary Market  /  No Comments

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.

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EU’s GHG emissions hold below pre-pandemic levels in Q1 -Eurostat

Published 18:05 on August 16, 2022  /  Last updated at 08:22 on August 17, 2022  /  EMEA, EU ETS  /  No Comments

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.

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CORRECTION – Euro Markets: EUAs hit new three-month high, UKAs set new record as energy markets boil over

Published 17:25 on August 16, 2022  /  Last updated at 12:54 on August 17, 2022  /  EMEA, EU ETS, UK ETS  /  No Comments

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.

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AirCarbon Exchange ties up with market surveillance platform

Published 06:50 on August 16, 2022  /  Last updated at 06:50 on August 16, 2022  /  Asia Pacific, Bavardage, EMEA, International, Middle East, Other APAC, Voluntary Market  /  No Comments

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.

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VCM Report: Nature-based curve stretches out amid demand for new vintages

Published 19:04 on August 15, 2022  /  Last updated at 19:04 on August 15, 2022  /  Africa, Americas, Australia, Aviation/CORSIA, Canada, China, EMEA, International, Japan, Kyoto Mechanisms, Mexico, Middle East, Nature-based, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

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.

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Euro Markets: EUAs jump to 3-mth high as UKAs set new record amid extended energy gains

Published 17:32 on August 15, 2022  /  Last updated at 17:58 on August 15, 2022  /  EMEA, EU ETS, UK ETS  /  No Comments

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.

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Germany issues tender for EUA, EUAA auction platform for 2024-2029 period

Published 16:33 on August 15, 2022  /  Last updated at 16:33 on August 15, 2022  /  EMEA, EU ETS  /  No Comments

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. 

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Oil firm Equinor invests in carbon removals venture

Published 12:28 on August 15, 2022  /  Last updated at 12:28 on August 15, 2022  /  EMEA, International, Voluntary Market  /  No Comments

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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