EUA winter price outlook hinges on weather, speculative positions in TTF –analyst

Published 10:01 on October 28, 2024  /  Last updated at 10:01 on October 28, 2024  / /  EMEA, EU ETS

The outlook for EUA prices over the coming winter will largely depend on whether natural gas prices can hold on to their recent gains and whether speculative investors continue to hold significant long positions in TTF derivatives, according to an analyst.

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Conservatives come to power in Australia’s Queensland, promising to keep coal power plants open

Published 09:58 on October 28, 2024  /  Last updated at 09:58 on October 28, 2024  / /  Asia Pacific, Australia

Australia’s Queensland has elected its first Liberal-National government in almost a decade after state elections on Saturday, promising to repeal the state’s renewable energy target of 80% by 2035 and to keep coal-fired plants open.

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China should introduce uniform price auctions to national ETS, say researchers

Published 09:17 on October 28, 2024  /  Last updated at 09:17 on October 28, 2024  / /  Asia Pacific, China

China should introduce a uniform price auctioning mechanism to its national emissions market, with an initial auction share of 3%–10% and predictable reserve prices to balance equity, efficiency, and administrative costs, a research paper has suggested.

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NDCs fall “miles short” of emission cuts to meet Paris goals, UNFCCC warns

Published 09:00 on October 28, 2024  /  Last updated at 20:23 on October 27, 2024  / /  Africa, Americas, Asia Pacific, Climate Talks, EMEA, International

Existing national contributions to the Paris Agreement are unsurprisingly inadequate, at most leading to a mere 2.6% decline in global greenhouse gas emissions over the 2020s, according to a UN report released on Monday.

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Climate watchdog releases draft guide to prevent greenwashing

Published 07:16 on October 28, 2024  /  Last updated at 07:16 on October 28, 2024  / /  Asia Pacific, Other APAC, Voluntary

Climate watchdog RimbaWatch has released a draft guide that aims to define what practices constitute greenwashing in Southeast Asia.

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AU Market: ACCU project registration soars in Q3, regulator data shows  

Published 06:42 on October 28, 2024  /  Last updated at 06:42 on October 28, 2024  / /  Asia Pacific, Australia

A record number of Australian Carbon Credit Unit (ACCU) projects were registered in the third quarter this year, according to regulatory data.

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Singapore company launches carbon neutral LNG product

Published 06:37 on October 28, 2024  /  Last updated at 06:37 on October 28, 2024  / /  Asia Pacific, Other APAC, Voluntary

Singapore’s H2G Green Limited launched two LNG projects aiming to decarbonise the emissions-heavy commodity.

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FEATURE: The forgotten legal clause that could unlock EU carbon credits under CORSIA and ETS

Published 06:00 on October 28, 2024  /  Last updated at 00:57 on October 29, 2024  / /  EMEA, EU ETS

An overlooked clause in the EU ETS directive could be used as a way to integrate carbon removals in the bloc’s carbon trading system and unlock credits under the UN’s CORSIA scheme for offsetting aviation emissions, according to policy experts.

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CP Daily: Sunday October 27, 2024

Published 00:26 on October 28, 2024  /  Last updated at 00:26 on October 28, 2024  /  Newsletters

A daily summary of our news plus bite-sized updates from around the world.

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Australia to develop voluntary GHG accounting standards for agriculture, fishery, forestry sectors

Published 23:41 on October 27, 2024  /  Last updated at 23:41 on October 27, 2024  / /  Asia Pacific, Australia

Australia has announced it will develop voluntary GHG accounting standards for the agriculture, fisheries, and forestry sectors, and has established a reference group to guide this work.

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