UK places climate action at centre of foreign affairs agenda with clean power alliance
British Foreign Secretary David Lammy will on Tuesday kickstart a global clean power coalition aimed at accelerating the clean energy transition, helping developing countries leapfrog fossil fuels, and turning the UK into a clean energy superpower.
Read MoreUS DOE funds $6.5 mln towards New Mexico coal CCS project
A New Mexico coal-fired power plant has received $6.5 million from the US Department of Energy (DOE) to study the feasibility of carbon capture and storage (CCS) on-site, the agency announced Monday, even though the region has recently struggled with CCS viability.
Read MoreLong-term EU carbon price bull trend remains intact, could hit €150 by 2030 -panellists
The long-term bull trend in EU carbon prices remains intact, despite strong fundamental headwinds, attendees heard at an investment bank-hosted industry conference last week.
Read MoreFrance’s Credit Agricole to exit precious metals trading in shift towards carbon markets -reports
Credit Agricole, France’s second-largest listed bank, will exit precious metals trading to focus on regulated carbon markets starting from 2025, according to media reports.
Read MoreStakeholders flood ARB with LCFS 15-day notice feedback, warn of potential litigation
California ARB’s 15-day notice to stakeholders of revisions to the Low Carbon Fuels Standard (LCFS) rule that upended earlier drafts has roiled stakeholders – particularly over new biomass-based diesel limitations – with some entities warning of potential litigation due to insufficient time for feedback on significant changes to the rule, in comments submitted to the regulator at the end of August.
Read MoreBelgian auto workers protests highlight obstacles to zero-emission cars
Audi employees in Brussels took to the streets on Monday, saying their jobs are being threatened by changes in the auto industry, illustrating the difficulties European car manufacturers face in balancing the shift to electric and ensure a just transition.
Read MoreEuro Markets: EUAs drop to five-month low amid sustained selling, ignoring record auction premium
EU carbon permit prices dropped to a five-month low on Monday afternoon, ignoring the largest-ever premium for a daily auction amid reported demand from options hedging, as sellers continued to lay siege to the market, and gas and power dropped to a seven-week and five-month lows respectively.
Read MoreLATAM Roundup: Colombia proposes carbon tax hike, Brazilian markets press forward
Colombia continued its push to move past years of carbon pricing stagnancy, Brazil saw cause for optimism in its voluntary and compliance markets, and Microsoft went shopping for carbon removal (CDR) credits in Mexico during the week ending Sep. 15.
Read MoreVCM Report: Signs of life as traders mop up cheap Southern Cardamom carbon credits
Liquidity and some voluntary carbon prices started to edge higher last week in the over-counter-market amid rising chatter of deal talk and corporate orders.
Read MoreFEATURE: Parties probe Article 6 ‘floor price’ but experts doubt formal rollout
Some countries, notably in Africa, are said to be pushing to establish a minimum price for the sale of Article 6 credits, although experts doubt that any widespread policy could realistically be implemented as the idea remains abstract, backed informally by just a few parties.
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