Euro Markets: Carbon edges higher but fails to take strength from 2.5% rally in gas, as funds flip to length
EU carbon allowances edged higher on Wednesday, posting a modest gain but failing to take strength from a 2.5% climb in front-month gas prices, while weekly positioning data showed investment funds held their first net long position in 15 months.
Read MoreStartups urge govt to turn UK into a voluntary carbon hub
The UK could become a global hub for carbon market startups, building on the £790 million the sector has already raised — if the British government gets behind to boost the voluntary carbon market’s growth, according to a report published on Wednesday.
Read MoreEuropean industry faces significant obstacles on road to net zero, report warns
European industries are grappling with significant technological, financial, and regulatory hurdles as they work towards net zero emissions, according to a new report.
Read MoreEuro Markets: EUAs fall back with gas as profit-taking takes steam out of TTF rally and EUA sellers return
EU carbon prices fell back on Tuesday after their 2.2% jump on Monday amid a decline in the benchmark natural gas market, as gas traders were said to take profit after Monday’s rally, and sellers of EUAs dominated ahead of Wednesday’s weekly positioning data.
Read MoreEuro Markets: Firm auction triggers technical buying that takes EUAs to new 11-week high above key level
EUAs rose to yet another 11-week high and breached a key level on Monday after a stronger than usual auction outcome appeared to trigger a wave of technical and speculative buying that moved the market as much as €2.00 higher, as gas prices were only modestly firmer amid forecasts for more wind, and prompt power rose as much as 7%.
Read MoreFEATURE: Vertical farms in UK, Saudi Arabia grow trees fast, aiming to generate carbon credits
Vertical farm developers in England and Saudi Arabia say they can grow trees faster and healthier than with conventional methods. The companies aim to generate credits from reforestation, with oil companies and data centres among the potential first buyers.
Read MoreSMEs could tap into $789 bln of green finance if key barriers removed -report
Small- and medium-sized businesses (SMEs) could unlock a $789 billion green finance opportunity if barriers in reporting, data accessibility, and implementation costs are addressed, according to a new report revealed at COP29 on Monday.
Read MoreEuro Markets: Carbon drops marginally after volatile session as gas reacts to supply cut headlines
European carbon saw a volatile end to the week, giving up a strong opening surge to a 10-week high to fall by 2.2% at one stage and eventually recording an 0.4% drop on the day, as allowance prices were whipsawed by a volatile gas market reaction to news that one EU gas buyer was set to be cut off by its Russian supplier this weekend.
Read MoreStartup aims to tackle emission reporting gaps ahead of UK fleet disclosure rules
A new AI-powered technology could help UK companies measure and reduce emissions from electric vehicle charging, as they face stricter reporting obligations under the upcoming UK Sustainability Disclosure Requirements (SDR).
Read MoreEuro Markets: EUAs climb to 11-week high on technical buying as gas hits one-year high
European carbon prices posted healthy gains on Thursday, initially outpacing strength in gas before front-month TTF rose to a one-year high as traders reacted to news headlines that added uncertainty to the supply outlook.
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