COMMENT: IETA Council Task Group on digital climate markets – Key findings and recommendations
The International Emissions Trading Association will set up a Task Force to produce guidelines for the development of digital technologies for the carbon offset industry, including tokenised carbon credits, aiming to bolster the environmental integrity and transparency of the emerging digital carbon sector.
Read MoreWEBINAR: Zeroing In – The Outlook for Net Zero Energy
Following the release of the Transition Trends Report 2022, Reuters Events will host an exclusive dialogue of industry leaders, to analyse and digest the key findings from 3,000+. The panel will feature senior executives from Deloitte, Octopus Energy and EDP. Please RSVP for attendance.
Read MoreCOMMENT – Blockchain for better: Untangling tokenisation and carbon markets
The Gold Standard remains open to partnerships in the fast-moving space of web3, but it is important to be mindful about which decentralised approaches to deploy in carbon markets, and how to deploy them, writes Sarah Leugers.
Read MoreCOMMENT: Why Verra Advocates Long-Term Reversal Monitoring for Nature-Based Carbon Projects
Nature-based carbon projects deliver immediate reductions and reliable removals, but some buyers perceive them as short on permanence. It’s a concern we can now alleviate with new technologies and modifications to the way we manage the VCS buffer pool, said experts at standard board Verra.
Read MoreEXCLUSIVE: Rising EU ETS emissions point to urgent need for a dynamic pricing paradigm -Andurand
With high energy prices dominating the political agenda and politicians in certain EU member states training their sights on the bloc’s carbon market, there is one salient fact being missed in all the hubbub: ETS emissions likely increased by 6% in 2021, and are set to rise further again this year. Self-evidently, this means that the price of EUAs is not yet high enough to drive structural decarbonisation, write Pierre Andurand and Mark Lewis in an exclusive piece for Carbon Pulse.
Read MoreCarbon Pulse increases European, voluntary carbon market coverage with new hire
Carbon Pulse is enhancing its coverage of the European and voluntary carbon markets with another new hire.
Read MoreMARC(U) MY WORD: Addressing “crunch issues” in the EU CBAM
Mohammed Chahim MEP’s draft report on the EU’s proposed carbon border adjustment mechanism (CBAM) takes a more aggressive stance and places greater focus on achieving the EU target on climate change, but seems less concerned about impacts on competitiveness of EU industry and the resulting risk of emissions leakage to third countries, argue Andrei Marcu, Michael Mehling, and Aaron Cosbey of think-tank ERCST.
Read MoreMARC(U) MY WORD: Key issues in EU ETS review
Observers and stakeholders generally agree that the revision to the EU ETS needs to ensure that the transition results in a prosperous and decarbonised, but not deindustrialised Europe.
Read MoreCOMMENT: What a long, strange trip 2021 has been for EUAs
It’s been a year of tumbling records and high anxiety as EU carbon prices have explored uncharted territory while natural gas and electricity markets have also reached new peaks. Normally a doubling of prices would be considered unusual, abnormal even, but carbon has been cast firmly into the shade by the enormous increases in energy prices. It’s tempting to call events in the gas market a once-in-a-lifetime aberration but if markets teach one thing, it’s not to dismiss anything as being out of the ordinary.
Read MoreCOMMENT: When is a market not a market? When it’s the EU ETS that Poland & Co. want
Everyone’s aware how natural gas prices are up by more than 400% this year due to reduced Russian supplies, tight LNG markets, low EU storages, and the onset of winter demand. And of course since gas is a primary fuel for power generation, there’s been a knock-on effect there too. So you might be forgiven if you find it confusing that a number of EU member states think that suspending the EU ETS and reforming the market is a sure-fire way to deal with these gas and power prices.
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