Debt-for-nature swaps have potential, but like with all financial/policy tools, the details matter. Need to watch for who, or what really comes out on top. Free to read on Biodiversity Pulse: https://t.co/xlduibfVJY
Will today be the day that EU allowance price breaks €100? The prior record of €99.22 was set in August, but this week already looking strong. Market expectations @CarbonPulse https://t.co/Ji4oG5gujF @CarbonReporter
ANALYSIS: Lessons from America as EU eyes green subsidy boost
As the EU looks to respond to Biden's IRA package, it must navigate arguments that nearly torpedoed the flagship US #climate measures
by @Katmonahan2
https://t.co/8AsCMhVYRp $ #OCTT#EUETS
No matter who runs Australia, they will silently sneak out an announcement late on the last day before Xmas. This year it was draft legislation for its planned voluntary #biodiversity credit market, aka the #NatureRepairMarket.
Good move imo by the EU council to leave the market stability reserve (MSR) alone in searching for €20B to fund REPower EU. Mechanism designed to avoid short-term political interference in allowance supply on the market. https://t.co/qqyPtX3jVg; https://t.co/o17lgYrxhk
1/6 NEW REPORT! 🏘️Damage Control examines the macroeconomic costs of #ClimateChange, and shows how climate impacts will cost Canada billions, slowing the economy and hitting households hard.
#cdnpoli#DamageControl
https://t.co/yuieGC6G6E
“People need to calibrate for governments ramping up [in terms of carbon markets]. … But ultimately, in order to really get to decarbonisation, this needs to become part of a compliance-based operational system,” @CarbonWrangler tells @Katmonahan2 https://t.co/A7LQZuoMp9
China today suspended US climate talks after the Pelosi Taiwan visit, casting a shadow over bilateral cooperation by the two largest emitters, seen as fundamental for driving the multilateral process. See https://t.co/vJOC5C15Cp by @CpStian
EU companies are campaigning against #CBAM scope expansion even though it would aim to protect them against competitors using dirty electricity. Why? Carbon power cost compensation handouts would end, under an outdated market structure. https://t.co/cZFGmRGsxR
How can we effectively raise awareness of the growing risks posed by #ClimateChange?
From the @SP_Inst Student Network: new research by @jasandison explores innovation on #ClimateRisk communication in Canada.
Learn more👇
https://t.co/TS1oMx0iIM
The number of companies committing to slash emissions to net zero or Paris-aligned levels doubled in 2021 under the SBTi, but meanwhile reporting on progress to those goals has weakened. Opaque reporting 👉 empty promises? https://t.co/ZixmPtAeWj; https://t.co/DY9FQeGC72
Official 2020 GHG data is due tomorrow, revealing which nations kept or broke their past international climate promises - just on time for long weekend reading, though often late... and more often unread. https://t.co/V5bCGJ6Kpz
SEC's climate risk disclosure rule yesterday: When a company has a net zero or other climate transition plan, they MUST provide a description of the relevant metrics for tracking progress, including Scope 3 emissions and carbon offsets if applicable.
https://t.co/jqXbDnqhWQ
The bonfire of the EUAs continues...
Aggressive selling wipes another 10% off prices, with benchmark falling to 3-mth low of €61. Dec22s have now given back €37.50 or 38% since last month's record €98.49
Experts say fundamental bullish case remains sound.
#OCTT#EUETS $KRBN
ANALYSIS: A good vintage? The #VoluntaryCarbonMarket's longevity problem
The market's effectiveness called into question, as more than half of credits retired in 2021 were from emissions cuts made more than 5 years earlier.
By @Katmonahan2
https://t.co/yHdLwBY4M4 $ #OCTT#VCM
EU lawmakers proposed language this week for integrating direct air capture and other CDRs into the bloc's emissions trading system. Idea could take off with EUAs ~€90, DAC price falling, CCfD support +net-negative goal = mega demand driver. https://t.co/yCa3Lk7xc4 @carbonpulse