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Investing in cheap EU carbon allowances one of the “great opportunities” of 2024 -analysts
Despite their current downtrend, investing in EU carbon allowances will likely be one of the “great opportunities” of 2024, analysts predict.
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Most shipowners back LNG to meet IMO rules despite methanol hype -report
Shipowners have targeted liquefied natural gas (LNG) as the fuel to meet the International Maritime Organisation’s (IMO) 2030 climate targets, while methanol, seen as a distant second-place option, has been largely promoted by just one major company, finds a report.
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Records and roadblocks: Think-tank examines the dual reality of US clean energy
Despite record growth in US clean energy sources last year, an environmental think-tank has warned the sector faces challenges, including supply chain issues and the need for accelerated renewable power installations to meet the country’s climate targets.
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The Nationals want renewables to stay in the cities – but the clean energy grid doesn’t work like that
There’s grumbling in the bush about hosting big new renewable projects to power cities. We can do this smarter.
Andrew Gunn, Lecturer, Monash University
Christian Jakob, Director, ARC Centre of Excellence for the Weather of the 21st Century, Monash University
Licensed as Creative Commons – attribution, no derivatives.
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Wholesale power prices are falling fast – but consumers will have to wait for relief. Here’s why
Power prices surged two years ago – and now are falling sharply. Why does it take so long to see relief?
Tony Wood, Program Director, Energy, Grattan Institute
Licensed as Creative Commons – attribution, no derivatives.
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Tech company, brokerage launch regulated trading platform for tokenised environmental assets
A US-based tech company specialising in environmental assets and a German brokerage have launched a regulated trading platform for tokenised renewable energy certificates (RECs).
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US venture capital firm raises $100 mln again for climate tech startups
A US-based venture capital firm has secured $100 million in its second funding round, primarily earmarked for Series A investments in companies working towards decarbonisation, the company announced Wednesday.
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ANALYSIS: New review for zero-rated BC forest carbon project after key data surfaces
A large voluntary forest carbon project in British Columbia, developed by a major Canadian timber company, will have its initial 'zero' grade issued by a US-based ratings firm reviewed after important data said to be missing was made publicly available.
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8 TAKEAWAYS: Rocky road ahead for the EU’s 2040 targets and carbon management plan
The European Commission's recommendations on Tuesday that the EU aim to reduce emissions by 90% by 2040 and deploy carbon capture to help get there marked the beginning of a rocky road of further climate negotiations.
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US court bans three weedkillers and finds EPA broke law in approval process
Ruling, specific to three dicamba-based weedkillers, is major blow to Bayer, BASF and Syngenta
Dealing a blow to three of the world’s biggest agrochemical companies, a US court this week banned three weedkillers widely used in American agriculture, finding that the Environmental Protection Agency (EPA) broke the law in allowing them to be on the market.
The ruling is specific to three dicamba-based weedkillers manufactured by Bayer, BASF and Syngenta, which have been blamed for millions of acres of crop damage and harm to endangered species and natural areas across the midwest and south.
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Climate-focused guarantee company aims to unlock billions in green finance
A climate finance company launched this week aims to unlock billions for developing countries by providing guarantees for institutional investors buying green bonds on the London Stock Exchange.
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Norwegian sovereign fund identifies ‘very high’ nature risks in first TNFD disclosure step
Norges Bank Investment Management (NBIM), which oversees Norway’s $1.4 trillion sovereign wealth fund, has highlighted the significant impacts and dependencies on biodiversity linked to its investees' sectors, in its first step towards adopting the TNFD's recommendations.
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Biodiversity credits will “counterbalance” negative corporate impacts, expert says
Corporations will use biodiversity credits to “counterbalance” the harm they inflict on nature throughout their supply chains, but the practice should not be called offsetting, a data expert has predicted.
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Verra launches consultation on refrigerant methodology as part of carbon crediting reform efforts
Verra has launched a public consultation on proposed revisions to a refrigerant leak detection methodology as part of revisions to parts of its carbon crediting programmes.
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Non-EU shipping companies struggle to navigate ETS rules in tight timeframe
The European Commission’s list of shipping companies and assigned countries for participating in the EU ETS is causing administrative burdens for firms outside the bloc - with little time in which to navigate the new rules.
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Energy transition fund for developing countries receives EIB backing
A blended finance fund dedicated to investing in clean energy and infrastructure in developing countries has received $282 million of commitments, bolstered by a recent investment from the European Investment Bank (EIB).
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Tumbling biochar prices tap into growing demand in nascent carbon removals market
Crashing prices have boosted interest in biochar credits in the nascent carbon removal market, although big ticket punts have catapulted direct air capture (DAC) as well as bioenergy with carbon capture and storage (BECCS), into the limelight and skewed emerging drivers of demand, a review of 2023 has revealed.
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CN Markets: CEA price goes up, volumes down as market prepares for week-long Lunar New Year break
Allowance prices in China's carbon market moved up over the past four trading days despite recent regulatory news, while only hundreds of credits changed hands in the national offset market amid diminishing demand.
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Euro Markets: Midday Update
European carbon prices were little changed on Wednesday morning as the lack of a daily auction and inconclusive weekly position data failed to offer any impetus to the market while mixed energy markets also failed to give any direction, setting EUAs up to return the narrowest daily trading range in nearly three years.
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Danish agtech startup buys UK-based farm management software company to boost soil carbon efforts
A Danish tech startup specialising in regenerative agriculture finance and technology has acquired a UK-based farm management software business that has thousands of farmer clients across more than 100 countries.
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