Switzerland sets dates for first EU-linked CO2 auction, warns on low price trend
Switzerland has announced dates for its first carbon allowance auction since linking to the EU ETS, but it warned that the sale could be cancelled if the current trend of excessively low clearing prices continues.
Read MoreWorld’s carbon markets grow 34% in value to $215 billion in 2019 -report
Global carbon markets grew by 34% in 2019 to hit €194 billion ($215.1 bln) in value, according to analysts at Refinitiv, marking a third straight year of growth and a nearly fivefold increase in two years.
Read MoreCBL announces strategic moves in US offset, CORSIA aviation carbon markets
Trading platform CBL Markets has announced two major developments that it says will help it build a commanding market share while improving confidence in major burgeoning carbon markets, including US offsets and ICAO’s CORSIA scheme for international aviation.
Read MoreCOP25: Testing Article 6 talks delayed for second year after marathon UN climate summit
Marathon UN climate talks in Madrid finished on Sunday afternoon without agreeing rules for international emissions trade under the Paris Agreement’s Article 6, as beleaguered hosts Chile pushed the record-long summit to try to broker a deal on a handful of sticking points.
Read MoreCOP25: Roundup for Saturday and Sunday, Dec. 14-15
A marathon overnight session to develop an outcome for the UN climate summit was widely panned on Saturday morning, while negotiations on the highly contentious Article 6 rulebook for Paris-era international emissions trade continued.
Read MoreCOP25: Roundup for Friday, Dec. 13
New Article 6 text dropped well behind schedule at the UN climate summit on Friday, with numerous contentious issues still remaining on agreeing the rulebook to international emissions trading under the Paris Agreement.
Read MoreCOP25: Roundup for Thursday, Dec. 12
Negotiations on the rulebook with International emission trade plodded along in Madrid on Thursday, as slow progress on other elements of operationalising the Paris Agreement solicited fears the UN Climate Summit would once again run well into the weekend.
Read MoreCOP25: Roundup for Wednesday, Dec. 11
The nearly 200 parties to the Paris Agreement on Wednesday dove headfirst into forging an agreement on the market-based Article 6 of the Paris Agreement, while dozens of attendees from environmental and indigenous groups were kicked out by UN security for protesting the slow pace of the talks.
Read MoreCOP25: Roundup for Tuesday, Dec. 10
The high-level segment of the UN climate summit kicked off Tuesday as national ministers descended on the Spanish capital, with the Paris Agreement’s market-based Article 6 text still requiring a substantial amount of work. Below is a running summary of those efforts, as well as other happenings at the summit.
Read MoreCOP25: Roundup for Monday, Dec. 9
UN climate negotiations in Madrid shift into high gear this week with the arrival of ministers from most of the nearly 200 countries attending the COP25 talks tasked with finalising work on emissions trading rules under the Paris Agreement’s Article 6. Below is a running summary of those efforts, as well as other happenings at the summit.
Read More