RGGI Market: RGAs soar past $22 on higher power demand forecast
RGGI Allowance (RGA) prices reached fresh highs late last week amid market participants’ anticipation of increased power demand this summer.
Read MoreMigratory fish populations have declined by over 80% since 1970, study says
Migratory fish populations have fallen by 81% between 1970 and 2020, mainly due to the degradation, change, and loss of habitat, a study has found, calling for strengthening of monitoring efforts and enhancing river protection and restoration efforts.
Read MoreCOMMENT: ‘Hamlet’ and the Tragedy of Climate Change
Shakespeare’s “Hamlet,” written centuries before the first IPCC report, serves as a timely caution, writes Andurand Capital Management’s Mark Lewis, likening Hamlet’s tragic procrastination to the world’s current delay in addressing the record-breaking greenhouse gas emissions that are propelling us towards climate catastrophe.
Read MoreVoluntary carbon market at “inflection point”, says Integrity Council chief
The chair of the Integrity Council for the Voluntary Carbon Market (ICVCM), which last year unveiled the Core Carbon Principles (CCPs) that are intended to enhance the integrity of voluntary carbon credits, has said that the adoption of the label marks an “inflection point” in the future of the sector.
Read MoreINTERVIEW: One insurer’s aim to leapfrog hurdles in assigning risk to voluntary carbon methodologies
A statistical approach that relies on many variables and deep data is emerging within the world of carbon insurance, such as the attempt by one insurance startup to assign risk to project methodologies, though the nuances of individual cases will still require judgment calls.
Read MoreVCM Report: Sluggish voluntary carbon spot market starts to pinch
News broke that Verra has temporarily suspended the registry account of the troubled Rimba Raya project on Monday morning to cap a dreary previous week for the voluntary carbon spot market that is still undermined by thin liquidity and low prices.
Read MoreEuro Markets: EU, UK carbon prices break above key technical levels amid strong early buying
EU and UK carbon prices soared on Monday, driven by a combination of rising demand for fossil power as onshore wind levels dropped sharply, and some speculative buying, with EUAs closing above a major technical level for the first time since Aug. 2023 and UKAs breaching the same technical level and a key psychological price to set a four-month high.
Read MoreEU CBAM could shrink South Africa’s exports 10% by 2050 -central bank
South Africa’s economy could suffer significantly if the EU’s carbon border adjustment mechanism (CBAM) is extended to all sectors, leading to a 10% drop in exports by 2050, according to the country’s central bank.
Read MoreBiodiversity credits should learn from voluntary carbon, require regulatory oversight -investors
The evolving market for biodiversity credits should seek to avoid some of the pitfalls of the voluntary carbon market (VCM), while capitalising on the interdependencies between climate and nature, said speakers during an event in London on Monday.
Read MoreOxford researchers outline five steps to keep UK on track for net zero
A team of researchers at the University of Oxford has outlined five policy interventions needed to keep the UK on course for net zero goals, warning against an over-reliance on carbon taxes, a solution often advocated by economists.
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