CDR MONTHLY DATA: Investment falls but retirements edge up with market showing signs of maturity
The engineered carbon removals (CDR) market saw a softening in investment and fewer forward purchase deals in February, with biochar projects again dominating new issuance and retirements, according to registry data and figures from two analytics firms.
Read MoreVCM MONTHLY DATA: Carbon credit retirements surge to highest level for 12 months but CORSIA prices tumble
End-user demand across the voluntary carbon market (VCM) was strong in February, with over 25 million credits retired, a level not seen for a year, while prices for those eligible to be used under the CORSIA international aviation offsetting scheme took a tumble as analysts noted that a steady stream of supply may finally be on the cards.
Read MoreVCM Report: Carbon credit retirements surge as CORSIA futures fall over 10%
Voluntary carbon credit retirements surged last week to more than 14 million credits across the four main standard bodies, boosted by strong activity from an oil major.
Read MoreVCM Report: CORSIA carbon credit prices start to stabilise as supply grows, but authorisation headaches remain
The CORSIA curve was steady over the past week, reflecting growing consensus in prices around $15 per tonne, while voluntary players continued to vent frustration at the slow process and risk when obtaining Letters of Authorisation (LoAs) from host countries for trade in the market.
Read MoreVCM Report: Over 2 mln fresh CCP carbon credits come onstream as supply concerns for CORSIA mount
Over 2.1 million Core Carbon Principles (CCP)-labelled credits were issued last week – bringing overall tagged issuance close to 90 mln – but CORSIA credits came under pressure, fuelling concern in the airline industry expressing that operators may have to declare a force majeure if available credits under the UN’s aviation offsetting scheme don’t increase soon.
Read MoreVCM Report: Spot CORSIA-eligible carbon credits slump, Koko collapse continues to stir debate
Spot prices for Phase 1 CORSIA carbon credits tumbled last week amid a lacklustre voluntary market, where the recent collapse of the Koko Networks cookstove and clean fuel provider continues to stir debate.
Read MoreVCM MONTHLY DATA: Carbon credit retirements down 9 mln YoY, lowest monthly issuance for five years
January retirements across the voluntary carbon market (VCM) fell by nine million year-on-year, while issuances also slipped to levels last seen five years ago – with one registry failing to record any new supply for the past three months.
Read MoreVCM Report: CORSIA futures tumble, as cookstove developer closes down over Kenya LoA issue
CORSIA carbon futures tumbled again last week, detaching themselves from spot prices for the aviation offsetting scheme, amid an eye-opening week for the Paris Agreement market after a major energy and cookstove provider company went bust because Kenya would not agree to authorise international credit trade.
Read MoreVCM Report: CORSIA contracts fall for second week running, floor seen at $15/t
CORSIA-eligible spot and futures prices softened last week, although volumes remain very thin amid a market that has yet to strike a balance on fundamentals, sources noted.
Read MoreVCM Report: CORSIA carbon futures fall against grain of forecasts for tight market
Futures for Phase 1 CORSIA slid last week despite the International Civil Aviation Organisation (ICAO) publishing country-by-country offsetting data, which reaffirmed emissions would be higher than previously expected for 2024-26 period of the scheme.
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