Washington’s current year volume once again picks up for Q3 auction
Washington’s third quarterly carbon allowance auction in September will feature the highest number of current vintage permits offered so far this year, according to a notice published by the state’s Department of Ecology (ECY) Wednesday.
Read MoreWCI Markets: CCAs rise amid workshop anticipation, WCAs up on low volumes
California Carbon Allowance (CCA) prices moved higher as market participants positioned ahead of next week’s rulemaking workshop, while Washington Carbon Allowance (WCA) values were up, with volumes picking up momentarily in the otherwise muted market.
Read MoreAlberta TIER credit prices slip below $50 in June after record retirements towards 2023 compliance
Alberta Technology Innovation and Emission Reduction (TIER) system credit prices dropped below $50 as transaction activity in June slid from all-time highs into the 2023 compliance deadline with record levels of retirements, according to a report published Tuesday.
Read MoreDATA DIVE: The impact on climate of 14 years of Conservative rule in Britain
The UK is facing its first general election in nearly five years on Thursday, with polls positioning opposition Labour leader Keir Starmer as the clear frontrunner to become the next Prime Minister of the country, which would see the right-leaning Conservative government leave power for the first time since 2010.
Read MoreClimate fund selects nature-based, clean energy carbon projects for investment from 2024 group
A climate fund has chosen new nature-based carbon projects, and energy-focused emissions reductions activities, after assessing hundreds of applications among its 2024 cohort, following on from a durable carbon removals selection round earlier this year.
Read MoreFrance to invest over €10 bln in offshore wind, despite far-right hostility
France will support the deployment of offshore wind power thanks to a €10.82 billion state aid scheme approved by the European Commission on Wednesday, despite opposition from the far-right which appears closer than ever to having a majority in Parliament following elections to be held on Sunday.
Read MoreStandard announces new voluntary carbon biochar methodology
A voluntary carbon standard has released its new methodology for crediting durable removals from biochar production and storage, which will now face a public consultation.
Read MoreEuro Markets: EUAs end little changed after rally fails to find support from weaker gas
EU carbon prices ended Wednesday little changed after a fairly volatile session characterised by strong volume, as an EUA rally after the daily auction appeared to be a reaction to another increase in speculators’ net short positions, which was not matched by a recovery in natural gas, casting further doubt on the recent correlation between the two markets.
Read MoreUK urged to speed up transition from oil and gas in the North Sea
As the UK faces declining oil and gas production in the North Sea, transitioning the region to offshore wind, green hydrogen, and carbon capture and storage (CCS) would provide energy security and valuable know-how, though the impact on workers and the environment needs to be carefully managed, experts say.
Read MoreFEATURE: Growth of interconnected electricity grids bolsters energy security
As power demand ramps up and generation becomes more dispersed and variable, electricity grid interconnectors will help to balance supply with demand levels and encourage countries to work together to secure energy supplies.
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