Newsletter
Fight Fire With Fire
The case for controlled burning carbon credits
Peter Sainsbury
Newsletter
The Green Swan
Conventional approaches to pricing carbon fail to capture risk of climate catastrophe
Newsletter
Tipping point
*** I’m taking a break from carbon markets next week. I will be back at my desk in early September *** Over the next few years, one of the main drivers of EU carbon prices will be passed from utilities to industrials. First gradually, then suddenly. Hedging demand by utilities is
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Scope 4 emissions: Unlocking low-carbon innovation
We typically think of an individual company’s greenhouse gas (GHG) emissions being pigeonholed into one of three categories, or scopes as they are known. Scope 1 covers direct emissions from a company’s own operations. Scope 2 covers indirect emissions resulting from the generation of energy that a company
Newsletter
Playing with fire
The latest COT report (w/e Friday 11th August) shows that investment funds increased their short position by 4.9 million EUAs verus week earlier to 11.3 million EUAs. It’s dangerous to be too heavily exposed to lower carbon prices this time of year. The risk of a
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'Greenflationary' expectations revisited
Despite signs that inflation may have peaked in Europe, investors are naturally fearful that another bout may be lurking around the corner. Expectations over the future direction of inflation are pivotal in determining investor allocation between various assets - cash, bonds, equities, currencies, commodities, etc. Nevertheless, asset markets tend to
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Carbon market vigilantes
The case for carbon-linked bonds
Newsletter
Everything you need to know about enhanced weathering
Over the past few months I have created a number of deep dives into the most important engineered carbon removal technologies: biochar, bio energy with carbon capture and storage (BECCS) and direct air capture (DAC) - see here, here and here if you missed them or want to remind yourself
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Thermal coal's Coasian bargain
Paying coal plants to retire early is a viable route to net zero
Newsletter
Consumer carbon offset market faces a knowledge gap
When you think of carbon offsets and individual consumers, what normally comes to mind are airlines giving passengers the option to offset the emissions involved with jetting off on holiday, or taking a business trip. Other parts of the travel industry, such as the hotel sector, have begun offering carbon
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Utility player
Climate change threatens hydropower's under-appreciated role in the energy transition
Newsletter
Exponential
“Our society is being propelled forward by several new innovations - computing and artificial intelligence, renewable electricity and energy storage, breakthroughs in biology and manufacturing. These innovations are improving in ways that we don’t yet fully understand. What makes them unique is the fact they are developing: at an