VCM MONTHLY DATA: Voluntary carbon credit retirements up nearly 10% YoY, issuances way off 2024 levels
July and August saw a 9% increase in retirements in the voluntary carbon market (VCM) compared to the same period of 2024, while issuances were down nearly 40% year-on-year, new Carbon Pulse analysis of registry data shows.
Read MoreDATA DIVE: Weak cleantech investment poses risk to EU’s global competitiveness
The European Union is at risk of locking in new dependencies and falling behind global rivals in the cleantech race without a long-term climate investment strategy, a new report warned on Wednesday.
Read MoreDATA DIVE: EU-backed reports highlight “drastic” need to scale carbon removals
To meet its 2050 net zero target, the EU will need an annual volume of carbon removals equivalent to more than 350-fold the current total delivered globally each year, according to new independent forecasts for the European Commission, published at the end of August.
Read MoreDATA DIVE: Are lower gas storage levels a bullish signal for EUAs?Â
Benchmark EU carbon futures have been been locked in a tight €70-75 price corridor this summer, with little managing to make the market budge, but as the evenings draw in, the bloc’s mandate that storage facilities across the continent be filled to 90% by Nov. 1 is now starting to loom into view.
Read MoreDATA DIVE: Record approvals for projects transitioning to PACM from CDM in past month
The last month saw six new approvals from host countries for activities transitioning from the Clean Development Mechanism (CDM) to the Paris Agreement Crediting Mechanism (PACM), the highest number across a 30-day period to date, new data shows.
Read MoreDATA DIVE: New Zealand ETS emissions fall 2.4%, energy sector CO2 rises
Greenhouse gas emissions from companies covered by the New Zealand emissions trading scheme declined over the 12 months ending June 30, government data showed on Wednesday, though carbon output from the energy sector crept up.
Read MoreDATA DIVE: RGGI emissions drop over 2% YoY in Q2
Covered emissions under RGGI fell over 2% year-on-year (YoY) in Q2, preliminary programme data showed on Friday, following two quarters of precipitous growth.
Read MoreDATA DIVE: Will the carbon-gas correlation hold ahead of transition year for EU ETS?
During the summer period, with European activity quieter than usual, the focus of many EU carbon participants has turned to the market’s correlation with gas prices, but with policy-driven changes to affect the supply dynamic in the EU ETS next year, analysts consider for how long the fuel will retain its strong influence over benchmark EUAs.
Read MoreDATA DIVE: ACCU holdings volume reaches record high, regulator data shows
Holdings of Australian Carbon Credit Units (ACCUs) resumed their upward trajectory in the second quarter, reaching a record level, according to data published Thursday.
Read MoreDATA DIVE: Verra’s dominance over retirements slips despite record six months across voluntary carbon market
The share of carbon credit retirements recorded under Verra has declined in the first half of the year, as emerging registries have reported fast-growing volumes in what may push the voluntary market to a record year for such transactions, while data also shows a rising number of new buyers in the market, despite the ongoing weak price environment.
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