Euro Markets: EUAs settle at 11-week high amid rising demand from coal generation
European carbon allowances advanced to reach their highest settlement in 11 weeks on Monday as demand from coal-fired generation was said to be picking up amid a shift in relative margins from gas to the fuel for some delivery periods, while energy prices also firmed as gas traders continued to fret over storage levels that are now below 2023 levels.
Read MoreAustralia on course to miss emissions targets, say analysts
All unabated coal- and gas-power must be removed and coupled with a large increase in renewables, alongside a spend in the trillions of dollars, for Australia to meet its obligations under the Paris Agreement, a report released Monday found.
Read MoreVCM Report: Smattering of low-priced trades keeps voluntary carbon market ticking over
A handful of trades kept the voluntary carbon market ticking over last week, with the slim pickings mostly confined to low-volume deals, as brokers grow more inclined to promote two-way markets to attract corporate interest.
Read MoreGermany shrinks funding for climate in its draft budget
Germany’s coalition government has agreed a diminished draft budget for its national climate and energy transition fund for 2025, and attracted criticism for optimistic assumptions about emissions trading revenue.
Read MoreVoluntary carbon biochar registry receives ICROA endorsement
A carbon standard’s biochar registry has received a conditional endorsement from the International Carbon Reduction and Offset Alliance (ICROA), the industry trade group announced on Monday.
Read MoreLATAM Roundup: Government interventions increasingly shape national, regional markets
Carbon Pulse rounds up developments in Latin American and Caribbean carbon markets for the fortnight ending Aug. 18, which saw state actors make increasingly hands-on interventions in the domestic and regional voluntary carbon market (VCM).
Read MoreInsurance broker announces new product for CO2 transport and storage sector
A global insurance broker and risk advisor has announced the launch of a new insurance solution for the transport and storage of CO2.
Read MoreColombia signs deal with Indigenous Peoples to strengthen ties on nature conservation
The Colombian ministry of environment has announced an agreement with the Indigenous Peoples of the Amazon to value their contribution and strengthen their participation in conserving and restoring the rainforest in the lead-up to the COP16 UN biodiversity talks.
Read MoreUS timberland company to issue 100,000 carbon credits in 2024
A Seattle-headquartered forestry firm will issue 100,000 improved forest management (IFM) carbon credits in 2024, according to the company’s Q2 results.
Read MoreCarbon ratings agency partners with UAE bank to ‘bring transparency’ to carbon markets
A carbon ratings agency has partnered with a bank to “bring transparency to carbon markets in the UAE”, the two companies said on Monday.
Read More
