Euro 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.
Read MoreUS SEC disbands climate and ESG enforcement task force
The US Securities and Exchange Commission (SEC) has disbanded its Enforcement Division’s Climate and ESG Task Force.
Read MoreUS DOE announces $15 mln to reduce oil and gas methane emissions
The US Department of Energy (DOE) announced Friday up to $15 million in funding to support research and development of projects that reduce methane emissions from undocumented, orphaned oil and gas wells.
Read MoreNet zero a ‘vast challenge’ with EU, US to miss NDCs, say analysts
The EU and US are on track to miss their 2030 UN climate targets, and achieving net zero by the middle of the century is now a “vast challenge”, according to a new energy transition outlook published Monday.
Read MoreMorocco to fulfil carbon tax, fossil fuel levy promises in 2025
The Moroccan finance ministry has presented a bill to launch a carbon tax in 2025 and lay the groundwork for an increase in value-added tax (VAT) on fossil fuels, following up on international promises to reform its system of environmental levies.
Read More‘Climate funding cliff’: 2.7% of EU GDP needed every year to reach net zero -study
Reaching climate neutrality will require additional investments worth at least 2.7% of the EU’s Gross Domestic Product (GDP) – or €462 billion at today’s rate – every year throughout this decade, according to new research published on Monday, which warns against a looming EU “climate funding cliff”.
Read MoreProtected areas largely fail to prevent forest loss, study says
Protected areas (PAs) contribute to preventing, on average, just 30% of forest loss, with the lowest levels of protection observed in some of the world’s most biodiversity-rich countries, a paper has said.
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