CF Asia: INTERVIEW – NZU prices won’t recover until uncapped forestry dealt with, former minister says
Prices in New Zealand’s ETS will continue to come under pressure from forestry-issued units absent any changes, the country’s former climate minister told Carbon Pulse on Tuesday – despite legislative tweaks to restrict farm-to-forest conversions last year.
Read MoreCF Asia: ANALYSIS – Early glut could cap Article 6 carbon credit prices, but supply crunch looms
Prices of carbon credits under the Paris Agreement’s Article 6 are seen below $20 per tonne in the early years as supply outpaces demand, before a tightening market pushes rates above $100 by mid-century, according to an analysis.
Read MoreVCM Report: CORSIA carbon credit prices slip to new lows
CORSIA carbon contracts continued to fall last week amid the ongoing war in Iran, sending jet fuel prices to all-time highs, and leaving the airline industry contemplating cutting flights amid supply shortages.
Read MoreFEATURE: UK’s green flexibility must be turned to the max to reduce gas exposure, say experts
The UK is especially vulnerable to high gas prices driven by distant conflict, unless it exploits clean and flexible assets through smart energy management, say experts.
Read MoreBRIEFING: Japan’s GX-ETS design shows tangled, bottom-up approach
Design for Japan’s emissions trading scheme manifests a bottom-up approach that seeks to ensure flexibility and business competitiveness, yet it remains challenging to estimate the policy effectiveness, a webinar heard last week.
Read MoreINTERVIEW: Momentum is building in Southeast Asia, if uneven, project developer says
Bilateral Article 6 agreements signed between countries in Southeast Asia is attracting “serious capital” to the region, according to a local project developer, as the market eyes a potential recovery.
Read MoreBRIEFING: CDR potential high across Global South but regulatory gaps, financing constraints limit scale-up
Brazil, India, and Kenya have the geology, renewable energy and industrial base to support large-scale carbon removal (CDR), but a lack of regulation, financing, and workforce capacity is holding back deployment, researchers and industry experts said on Thursday.
Read MoreANALYSIS: EU carbon prices surge as Brussels swerves “worst case” scenarios for ETS reform, but market in the dark on details
Benchmark EU carbon futures jumped nearly 10% on Friday morning after the European Commission confirmed it would imminently propose tweaks to the market to help ease prices in the near term, as well as planned medium-term reform measures including a €30 billion ‘investment booster’ for decarbonisation, as participants said they now consider fundamental changes to the Emissions Trading System, or a possible suspension of the scheme, to be off the table.
Read MoreFEATURE: Italy’s attack on carbon costs undermines cleaner, cheaper energy options
Italy’s push to suspend EU carbon costs may sound like a quick fix for spiking power prices – but it will come at the expense of low-carbon technologies that bring greater energy independence, and help industries cut emissions, experts warned.Â
Read MoreBRIEFING: Restoration push grows, but policy contradictions threaten delivery, specialists say
Efforts to scale up ecosystem restoration are accelerating across regions, but ongoing approval of extractive activities, weak coordination, and limited enforcement capacity are raising doubts over whether countries can meet 2030 targets, specialists said during a webinar this week.
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