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RGGI Markets: Record auction propels RGA prices to new highs

Carbon Pulse - Tue, 2024-03-19 10:04
RGGI allowance (RGA) prices bolted to fresh all-time highs last week after the scheme’s Q1 auction results cleared at record levels, exhausting the year’s Cost Containment Reserve (CCR) allowances.
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Sunak and ministers stoking division over UK’s net zero target, warns Ed Miliband

The Guardian - Tue, 2024-03-19 07:00

Labour shadow energy minister will use speech to say Tory approach is also leading to higher bills

Ministers are stoking the fires of the culture wars over the UK’s net zero target instead of addressing the urgency of the climate crisis, Ed Miliband will say.

The shadow energy secretary will make a pitch directly to Conservative voters who are concerned that the party has made major U-turns on cutting greenhouse gas emissions amid increasingly anti-green rhetoric.

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On a climate rollercoaster: how Australia’s environment fared in the world’s hottest year

The Conversation - Tue, 2024-03-19 05:21
Conditions deteriorated in 2023 but were stlil relatively good for ecosystems and agriculture. Unfortunately, the alarming decline of threatened species continued. Albert Van Dijk, Professor, Water and Landscape Dynamics, Fenner School of Environment & Society, Australian National University Shoshana Rapley, Research Assistant, Fenner School of Environment & Society, Australian National University Tayla Lawrie, Project Manager, Threatened Species Index, The University of Queensland Licensed as Creative Commons – attribution, no derivatives.
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ANALYSIS: Ageing UN carbon projects eye voluntary carbon market opportunities in light of Article 6 delays

Carbon Pulse - Tue, 2024-03-19 03:47
Projects from the UN's Kyoto Protocol-era Clean Development Mechanism (CDM) are transitioning to the voluntary carbon market (VCM) in light of stalling Article 6 negotiations, experts have told Carbon Pulse, though some caution that opportunities may only be short term, and units could be a tough sell for some buyers.
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US DOE identifies adequate biomass potential to surpass domestic SAF target

Carbon Pulse - Tue, 2024-03-19 03:35
The US will have a biomass production capacity of 1 billion tonnes in the future – enough to nearly double its 2050 sustainable aviation fuel (SAF) target, the Department of Energy (DOE) reported.
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FEATURE: Scientists enhancing the carbon appetite of crops explore voluntary market opportunity

Carbon Pulse - Tue, 2024-03-19 03:04
Scientists developing gene-edited crops with deeper root systems that sequester more CO2 expect the first carbon credits to be generated in the next couple of years from farmers adopting their varieties.
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US Forest Service announces $145 mln for small landowner access to climate markets

Carbon Pulse - Tue, 2024-03-19 02:49
The US Department of Agriculture's (USDA) Forest Service announced Friday that it will provide $145 million to facilitate access to emerging climate markets for smaller and underserved forest landholders.
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EU must build business case for green tech to improve global competitiveness -report

Carbon Pulse - Tue, 2024-03-19 02:47
The EU needs to create a business case for accelerating the rollout of green technologies including renewables, grids, electrification, and carbon capture, according to a report released Monday on how to enhance the bloc’s “crumbling” competitiveness. 
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EU ministers rubber-stamp energy and raw materials bills

Carbon Pulse - Tue, 2024-03-19 02:42
The EU's 27 foreign affairs ministers rubber-stamped two bills on Monday to protect energy markets from manipulation and ensure strategic autonomy to access critical raw materials.
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VCM Report: Low price trade dominates voluntary carbon market as liquidity thins ahead of CCPs arrival

Carbon Pulse - Tue, 2024-03-19 02:39
Over-the-counter trade seems to have slowed in the voluntary carbon market and retirement levels have fallen ahead of the much-anticipated announcement at the end of the month of the first methodologies that will qualify for the Core Carbon Principles (CCPs) stamp of high integrity.
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Environmental commodities trader appoints new CEO

Carbon Pulse - Tue, 2024-03-19 01:47
An environmental commodities trading firm has appointed a new CEO and a non-executive board member.
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UK programme launches network to integrate biodiversity in the financial system

Carbon Pulse - Tue, 2024-03-19 00:52
A UK research and innovation programme has allocated £3 million to launch a network aimed at hastening the integration of biodiversity into the financial system.
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Carbon futures ETFs continue to cut EUA holdings as price decline tops 12 months

Carbon Pulse - Tue, 2024-03-19 00:48
Exchange-traded funds (ETFs) that invest in the EU ETS futures market are reducing their holdings of EUAs for a third consecutive year in 2024, as investors continue to shun carbon amid a price decline that has now endured for more than 12 months.
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World’s largest solar manufacturer to cut one-third of workforce

The Guardian - Tue, 2024-03-19 00:11

China’s Longi looks to slash costs as renewable energy sector faces tough headwinds from inflation

The world’s largest solar manufacturer has slashed nearly a third of its workforce after a cost-cutting drive that included telling staff to only print in black and white fell short and as a chill ripples through the renewable energy sector.

China’s Longi is to cut as much as 30% of its workforce, in an acceleration of cost reductions that began late last year, Bloomberg reported.

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Halting biodiversity loss ranked as top priority in 2024 by companies and public institutions, report says

Carbon Pulse - Mon, 2024-03-18 23:57
More than 100 experts have agreed to identify biodiversity and ecosystem protection as the top priority for systemic change in a report published by French non-for-profit ChangeNow and realised in partnership with consultancy KPMG.
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Euro Markets: Midday Update

Carbon Pulse - Mon, 2024-03-18 22:21
European carbon allowances started the week strongly, rising as much as 5% as energy prices advanced on the back of interruptions in gas production, forecasts for cooler temperatures, and an unplanned outage at French nuclear unit.
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