Voluntary carbon trading platform pushes back auction of 1.5 mln Article 6 credits from Malawi cookstoves
A voluntary carbon trading platform has delayed its sale to July 16 of 1.5 million Internationally Transferred Mitigation Outcomes (ITMOs) at a minimum of $10 each generated by clean cooking projects in Malawi, according to a Wednesday press release.
Read MoreEuro Markets: Carbon edges lower after rangebound trading as activity thins with US holiday
EUAs weakened modestly as activity dwindled in the afternoon with the US market were closed for Independence Day, prices spending much of the day see-sawing in a well-defined range, while UKAs rose late in the day as the country voted in a general election.
Read MoreUkraine business group urges govt to slow its ETS rollout and plan for CBAM, EU linkages
An influential business group in Ukraine has outlined its proposals for how best to roll out an ETS in the country, requesting a slower implementation to help affected sectors ready for eventual linkage with the EU market, and demanding that work on a domestic CBAM begins next year.
Read MoreREPowerEU revenues from EUA auctions falling behind target amid EUA price slump
REPowerEU revenue has fallen more than €300 million behind the EU’s target after the first a year of sales under the initiative, raising the prospect that even more EUAs will need to be sold into the market to raise the €20 billion in funding that has been promised from the bloc’s carbon market to pay for the switch away from Russian energy supplies.
Read MoreANALYSIS: Open interest rises on EUA futures as analysts point to utility hedging, new compliance deadline, speculators
Aggregate open interest across all European carbon futures contracts has risen significantly above 2023 and 2022 levels, driven largely by strong liquidity on the front-December and August contracts, as analysts point to a recovery in utility hedging, the shift in compliance deadline to September, and hedge fund interest.
Read MoreLego pushes suppliers to quickly cut their emissions
Danish toy maker Lego Group is putting pressure on its suppliers to cut emissions in the next two years, as part of its efforts to reach net zero emissions by 2050.
Read MoreINTERVIEW: Momentum for LPG cookstoves fueled by health, emissions impact
Carbon finance can accelerate the adoption of cleaner cooking with LPG in developing countries, with a number of credit-generating projects underway, though infrastructure rollout remains a core challenge, say experts.
Read MoreNature framework for investors launches with three target types
The Finance for Biodiversity Foundation (FfB) launched the second edition of its nature target-setting framework for asset managers and owners on Wednesday with three target types.
Read MoreFrench nature tech startup to develop ESA-funded biodiversity monitoring tool
A French nature tech startup has secured undisclosed funding from the European Space Agency (ESA) to develop a biodiversity monitoring tool for potential use in nature-related disclosures and the biodiversity credit market, Carbon Pulse has learned.
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