EU internal electricity market remains out of sight, say auditors
The EU has made slow progress towards connecting electricity markets, according to a report by the European Court of Auditors (ECA) published on Tuesday, undermining efforts to ensure access to cheap and secure power while driving emissions cuts via the bloc’s carbon market.
Read MoreVCM Report: Market corrects back on thin volume after bullish final week of 2022
Selling pressure during the second half of the week weakened most standardised carbon credit prices with a return to thin traded volume as many of the gains made during a bullish final week to last year were undone when end of year compliance obligations had caused a jump in demand.
Read MoreEU legislators bid to resolve differences on aviation’s place in the ETS
EU co-legislators are meeting late on Tuesday to try to reach agreement on how aviation should be treated in the bloc’s carbon market, though one well-placed source expected the talks to need more time.
Read MoreEU’s Fit for 55 climate package nearing completion, but thorny issues remain with time running out -lawmakers
A deal on the EU Emission Trading System is expected to help finalise the bloc’s Fit for 55 climate package in the next couple of weeks, but a number of thorny issues remain unresolved on key files with time running out to complete the negotiations, lawmakers warned.
Read MoreVCM Report: Nature-based contracts crash lower amid lack of prompt demand
Spot and nearby futures for nature-based solutions continued to sink lower in the past week despite a raft of upbeat announcements of investment in the voluntary carbon market (VCM) at COP27 in Egypt.
Read MoreVCM Report: Offset prices slip lower to erase August gains
Offset prices slipped lower over the past week, wiping out August’s gains, and eroding hopes the voluntary carbon market was escaping the clutches of the inflation-induced global economic slowdown.
Read MoreVCM Report: Nearby core-carbon underpins floor in market as contango holds
The price of standardised spot carbon credits and those of near-dated vintages remained depressed in the voluntary carbon market (VCM) this week, but demand for later-dated nature vintages held up, reflecting resilience in the market’s contango that underpins a bullish outlook for offsets.
Read More
