Carbon credit prices reflect who buys more than what’s delivered -study
Carbon credit pricing is significantly influenced by who the buyer is more than what the credit actually does for the climate, a recent study has argued.Â
Read MoreCN Markets: CEA trading volumes remain strong, prices hold near RMB 85
Trading volumes in China’s national emissions market held above 3 million units over the past week amid a supply boost, while analysts expected a gradual price recovery in the coming months.
Read MoreCFTC: Producers, managed money reduce CCA net length
Producers and financial players have both reduced their California Carbon Allowance (CCA) net length, according to the latest US Commodity Futures Trading Commission (CFTC) data.
Read MoreOPEC sees no peak in oil demand amid energy security concerns
OPEC sees “no peak oil demand” coming soon as governments around the world rethink climate and energy policies given recent concerns, according to its latest long-term outlook which claims crude will retain the largest share of the global energy mix through to 2050.
Read MoreEU officials promote CBAM stick to APAC, hints at future carrots of int’l credit purchases
EU officials on Wednesday soothed nerves about growing compliance costs and regulatory hurdles for Asian countries from its Carbon Border Adjustment Mechanism (CBAM) by highlighting plans to explore international credit purchase to meet its 2040 climate targets.
Read MoreECB climate report shows lower portfolio emissions, higher share of green bonds
The European Central Bank (ECB) saw a further decline in emissions linked to its sovereign and corporate bond portfolios last year, although most of the cuts stem from balance sheet run-off rather than decarbonisation of issuers, according to its latest climate-related financial disclosure.
Read MoreCalifornia doubles offsets in latest issuance, sees return of DEBs
The California regulator issued over 155,000 compliance-grade offsets over the most recent reporting period, including one project tagged with direct environmental benefits (DEBs) to the state, according to data released on Wednesday.
Read MoreIndia needs national CO2 pipeline to boost CCS deployment -study
India should build a national CO2 transport network alongside its existing natural gas pipelines to overcome land acquisition hurdles and boost carbon capture and storage deployment, according to a study.
Read MoreAustralia, Turkiye outline climate finance efforts in partnership through first COP31 joint presidency letter
Turkish COP31 President Designate Murat Kurum and Australian COP31 President of Negotiations Chris Bowen published their first joint open letter on Thursday, pledging to continue the work of previous climate summit presidencies, support the implementation of Nationally Determined Contributions (NDCs) and National Adaptation Plans, and expand climate finance globally.
Read MoreTokyo govt extends support for CDR credit creation
The Tokyo metropolitan government has decided to extend its support for generating carbon removal credits, moving beyond nature-based projects to include technological solutions.
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