Euro Markets: EUAs breach technical resistance to lock in 2% gain, UKAs plummet 5% on free allocation proposal
European carbon prices climbed a further 2% on Thursday, breaking above a key technical resistance level in the afternoon, though plummeted after the settlement, tracking a drop in the TTF, while UKAs shed as much as 5% after the British government proposed a one-year extension to the current free allocation period.
Read MoreUPDATE – UK ETS authority proposes extending current free allocation period one year to 2027
The UK ETS Authority has proposed moving the start of the second allocation period from 2026 to 2027, extending the current period to include 2026, it said Thursday.
Read MoreUPDATE – Paris investor seals deal to sell credits from large blue carbon project in Mozambique
A Paris-based financier will fully fund the first phase of a large blue carbon project in Mozambique and in return sell the credits generated.
Read MoreCWNYC24: Voluntary carbon integrity body teams up with pan-African initiative to scale market access
The Africa Carbon Markets Initiative (ACMI) has partnered with a voluntary market integrity organisation to support governments on the continent build regulation to access much-needed carbon finance.
Read MoreEuro Markets: EUAs jump 2% on late surge driven by options expiry, gas
European carbon permit prices climbed over 2% due to an afternoon rally on Wednesday, with TTF gas strength and the September options expiry deadline dominating sentiment, while investment funds’ net short positions also built for the fourth consecutive week.
Read MoreUK authority seeks views on proposed technical amendments to ETS
The UK ETS Authority announced this week a series of proposed technical and operational amendments to the market, with a consultation now open until mid-October on the changes.
Read MoreUPDATE – CWNYC24: Brazilian state signs deal worth $180 mln to sell J-REDD+ carbon credits
A Brazilian state has agreed a deal worth an estimated $180 million to sell jurisdictional REDD+ credits to a public-private forest finance coalition.
Read MoreEuro Markets: EUAs stand firm, flat as gas sheds over 2%
European carbon allowances held firm on Tuesday, even as gas moved lower, trading in a thin range with support from some late compliance buying ahead of next week’s deadline, with participants also keeping close to key price points in anticipation of Wednesday’s options expiry.
Read MoreART programme publishes Brazilian state’s REDD+ concept
The Secretariat of the ART carbon credit standard on Tuesday announced it has approved a listing for a Brazilian state under its TREES jurisdictional certification programme.
Read MoreResearchers put forward blueprint for equitable benefit-sharing from carbon projects
Research published Monday outlined how carbon projects can ensure transparent compensation for Indigenous Peoples (IPs) and local communities (LCs) in a bid to move past recent criticism of the voluntary sector.
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