EUA prices likely to rise in next 3-6 months as gas market faces upside risks over winter –analyst
Price risk for EUAs is “skewed to the upside” after recent gas-driven weakness, as upside price risk is increasing for natural gas ahead of the coming winter, according to an analyst at a major international bank who raised their 2024 price forecasts by just under 10% from a previous prediction in March.
Read MoreGermany joins mounting calls to halt EU anti-deforestation rules
Germany has joined a growing tide of opponents to the European Union’s anti-deforestation law, as the country’s Chancellor Olaf Scholz calls on the European Commission to suspend the regulation.
Read MoreAirlines ‘suffering’ from lack of CORSIA carbon credit clarity, says aviation executive
Airlines are struggling due to a lack of clarity with CORSIA, the UN’s international aviation offsetting scheme, according to an executive at a German aviation group.
Read MoreEuro Markets: EUAs give up some of Wednesday’s gains on strong correlation with weaker gas
European carbon allowance prices fell back in line with a weaker gas market on Thursday, retracing about half of Wednesday’s 2.3% gain as EUAs continued to fluctuate in their recent options-driven €2 range near a five-month low, with traders seeing little incentive for levels to break out.
Read MoreSwiss DAC company needs to raise $9 bln in six years to scale
A Swiss direct air company will require $9 billion to reach its gigatonne-scale ambitions by 2030, a senior figure at the company said on Thursday.
Read MoreCanadian CDR firm receives C$2.5 mln investment from major banks
A Canadian carbon removals (CDR) company announced Thursday it has received C$2.5 million ($1.8 mln) from two major banks.
Read MoreColombia proposes nearly tripling carbon tax to about $17.50
Colombia’s finance ministry presented a draft financing bill this week that would almost triple the national carbon tax amid accusations that it remains too low to spur decarbonisation.
Read MoreBrazil’s G20 bioeconomy initiative releases 10 principles
The G20 Initiative on Bioeconomy (GIB), led by the Brazilian government, launched 10 principles on Thursday covering topics such as inclusivity, location specificity, and traditional knowledge use.
Read MoreCDR offers great salaries in a growing industry, for those lucky to be in the few countries where it exists, industry survey finds
Prospective employees in carbon dioxide removal (CDR) can expect competitive salaries in the small number of countries where it exists, according to a first-of-its kind survey of the sector, but the industry will need to grow rapidly in the coming years if it is to contribute to the world achieving its climate goals.
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