EU carbon prices to face more bearish “headwinds” before turnaround by 2026 -analysts

Published 02:17 on October 1, 2024  /  Last updated at 02:17 on October 1, 2024  /  EMEA, EU ETS

European carbon prices will continue to face bearish “headwinds” that will extend into next year, but will start to see a turnaround by 2026, analysts said Monday.

Read More

RGGI Market: Third Program Review proposals hold more questions than answers

Published 01:43 on October 1, 2024  /  Last updated at 04:43 on October 1, 2024  / and /  Americas, US

RGGI Allowances (RGAs) in the secondary market continued to slide through the week after the release last Monday of the long-awaited Third Program Review proposed changes, with traders expecting further pressure on prices.

Read More

*Carbon NBS Specialist/Manager, NatureCo – Australia/Asia Pacific/Worldwide

Published 01:12 on October 1, 2024  /  Last updated at 01:12 on October 1, 2024  /  Job Postings

*PREMIUM LISTING – As we are entering a growth phase, we are seeking an experienced Carbon NBS Specialist/Manager to lead the technical development of our projects and support the management of operational teams.

Read More

Washington’s cap-and-invest participation continues to increase despite programme repeal risks

Published 01:06 on October 1, 2024  /  Last updated at 01:06 on October 1, 2024  / /  Americas, US

The number of entities registered with active accounts in Washington’s cap-and-trade programme once again increased in an early look at Q3 data, despite the lack of clarification from the regulator regarding the worth of allowances if the scheme is repealed through the ballot initiative.

Read More

US can reach 65% emissions reduction by 2035 with strong subnational support -study

Published 23:40 on September 30, 2024  /  Last updated at 23:40 on September 30, 2024  / /  Americas, RINs & LCFS, US

The US has a pathway to cut emissions by 65% from 2005 levels by 2035 and meet its climate goals under the Paris Agreement if there is an “all-of-society” approach, according to a new study.

Read More

Natural gas necessary bridge fuel in US grid decarbonisation, CCS not yet commercially viable -report

Published 23:05 on September 30, 2024  /  Last updated at 23:05 on September 30, 2024  / /  Americas, US

Natural gas will remain important to bridge the gap in energy demand for “many decades” as the US grid expects greater additions of solar and wind power, but carbon capture technology is not yet commercially competitive, according to a study published Monday by a US public policy think tank.

Read More

Environmental group sues Vermont for alleged failure to comply with state climate law

Published 21:24 on September 30, 2024  /  Last updated at 21:24 on September 30, 2024  / /  Americas, US

The Vermont chapter of a New England-focused environmental group filed a lawsuit against the state agency, alleging failure to comply with greenhouse gas (GHG) reduction-related requirements under its climate law.

Read More

Morgan Stanley IM closes climate private equity fund at $750 mln

Published 19:19 on September 30, 2024  /  Last updated at 19:19 on September 30, 2024  / /  Americas, Asia Pacific, EMEA, Japan, US, Voluntary

Morgan Stanley Investment Management announced Monday that it closed its climate-targeted private equity fund at $750 million after attracting investments from firms in Europe, North America, and Japan.

Read More

VCM Report: Market hopeful for COP29 boost despite weak liquidity

Published 17:56 on September 30, 2024  /  Last updated at 20:36 on October 1, 2024  / /  Americas, Asia Pacific, EMEA, International, Voluntary

Liquidity continued to drag in the voluntary carbon market in the last week of September amid the distraction of New York Climate Week, although the summit has stirred hopes of a breakthrough at COP29 in November.

Read More

Euro Markets: EUAs post 6.7% loss in September as options-fuelled rally loses steam

Published 17:32 on September 30, 2024  /  Last updated at 18:54 on September 30, 2024  / /  EMEA, EU ETS, UK ETS

European carbon allowance prices posted their second-worst September performance in the past 10 years as last week’s options-fuelled rally began to unwind while the annual compliance cycle came to an end and energy markets handed back some of their early gains.

Read More