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MARCU MY WORDS: The vision for the EU ETS in the 2030 Framework – will it be up to the challenge?

Published 10:42 on September 15, 2020  /  Last updated at 23:45 on September 15, 2020  /  Carbon Taxes, CBAM, Conversations, EMEA, EU ETS, Views  /  No Comments

With so many issues being brought to the table and put on the menu for possible EU ETS reforms and to embody the European Green Deal, there is a real risk of not being able to see the forest for the trees, argues Andrei Marcu. Any revision of the EU ETS needs to be put in the context of the role of the market in the 2030 timeframe and beyond, and the objectives of the review. If not, we may get wrong not only the review of the EU ETS but also, due to a lack of debate, its role going forward.

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CARBON PULSE CONVERSATIONS 016: EDF and WWF on CORSIA

Published 23:28 on August 17, 2020  /  Last updated at 23:35 on August 17, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China's Offset Market, Climate Talks, Conversations, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Views, Voluntary Market  /  No Comments

In the latest edition of our Carbon Pulse Conversations podcast, we speak with Environmental Defense Fund (EDF) International Counsel Annie Petsonk and WWF Director of Carbon Market Governance and Aviation Brad Schallert about recent developments regarding UN body ICAO’s global aviation offsetting mechanism CORSIA.

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COMMENT: Bridging the gap in EU carbon prices?

Published 13:05 on July 30, 2020  /  Last updated at 13:08 on July 30, 2020  /  Conversations, EMEA, EU ETS, Views  /  No Comments

EUAs hit a 14-year high in July before immediately nosediving as the market suffered altitude sickness. Now we’re back in the €25-26s, roughly where we were before the Great Covid Sell-Off, and it feels like prices aren’t sure where to go next. According to Alessandro Vitelli, August looks pretty finely balanced in terms of price outlook: a supply cut may mitigate some potential weakness, but there are darker clouds on the horizon.

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COMMENT: Why BNEF thinks the EU ETS does not need a price ceiling

Published 01:00 on July 20, 2020  /  Last updated at 00:21 on July 20, 2020  /  Conversations, EMEA, EU ETS, Views  /  No Comments

The price of EUAs topped €30 on July 13, the highest since 2006. At that point, EUAs had risen by over 60% since May 12, and had almost doubled compared to their March lows. The rally has prompted the discussion around additional stability mechanisms. Analysts at BloombergNEF discussed the concept of a carbon price floor after EUAs declined almost 40% in March. This time, the price spike has raised the question of the need for a carbon price ceiling.

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MARCU MY WORDS: Carbon leakage and competitiveness – different objectives, different tools

Published 18:10 on June 29, 2020  /  Last updated at 23:50 on September 15, 2020  /  Carbon Taxes, CBAM, Conversations, EMEA, EU ETS, International, Views  /  No Comments

The EU needs to broaden its debate beyond a proposed carbon border adjustment mechanism in order to deal with carbon leakage and competitiveness issues thrown up by its climate ambition running ahead of that pursued by its main trade partners, argue Andrei Marcu, Michael Mehling, Aaron Cosbey of think-tank ERCST.

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CARBON PULSE CONVERSATIONS 012: RGGI Commissioners

Published 19:41 on June 4, 2020  /  Last updated at 19:41 on June 4, 2020  /  Americas, Conversations, US, Views  /  No Comments

In the latest installment of our Carbon Pulse Conversations podcast, we speak with former RGGI Commissioners Justin Johnson and David Littel about the upcoming 2021 programme review for the Northeast US power sector cap-and-trade scheme.

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CARBON PULSE CONVERSATIONS 011: EnergyLab (Chile)

Published 02:11 on June 3, 2020  /  Last updated at 02:11 on June 3, 2020  /  Americas, Carbon Taxes, Climate Talks, Conversations, International, Kyoto Mechanisms, New Market Mechanisms, South & Central, US, Views, Voluntary Market  /  No Comments

In the latest edition of our Carbon Pulse Conversations podcast, we chat with Cristian Mosella, co-founder and executive director of Chilean consultancy EnergyLab, about the South American country’s recent COP25 presidency, its updated Paris Agreement NDC, and developments regarding a potential emissions trading programme and the current carbon tax.

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CARBON PULSE CONVERSATIONS 010: Biofilica

Published 14:50 on May 26, 2020  /  Last updated at 02:12 on June 3, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Climate Talks, Conversations, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, Views, Voluntary Market  /  No Comments

In the latest instalment of our Carbon Pulse Conversations podcast, we chat with Plinio Ribeiro, CEO of Brazil-based offset project developer Biofilica, about COVID-19 related impacts on the REDD credit market and the outlook for compliance and voluntary market-based programmes both internationally and in Brazil.

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COMMENT: Why low oil prices are good news for the environment, but not for the reasons you may think

Published 17:29 on May 15, 2020  /  Last updated at 15:04 on August 17, 2020  /  Conversations, Views  /  No Comments

Low oil and gas prices are no boon for the climate in the short term, but they give us a window into a future of ever-decreasing fossil fuel demand that may deter expansion an opportunity to put in place policies that get us paying to decarbonise the fossil fuels we dig up, argues Eli Mitchell-Larson of Oxford University’s Environmental Change Institute.

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CARBON PULSE CONVERSATIONS 009: The Gold Standard

Published 18:35 on May 12, 2020  /  Last updated at 22:26 on May 12, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Conversations, Dialogue, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Views, Voluntary Market  /  No Comments

In this latest episode of our Carbon Pulse Conversations podcast, we chat with Owen Hewlett, chief technical officer at The Gold Standard, which is one of the main certifiers of voluntary carbon market projects and an approved standard under the international CORSIA aviation offset scheme.

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