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Dead cat bounce
European industrial gas demand yet to reach rock bottom
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The clouds silver lining
Why data centre emissions are the least of our worries
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An iron will
Sweden's first mover advantage in green steel will be tough to replicate
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Smoke signals
Why Europe's policymakers should take heed to its carbon market
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Carbon market convergence does not mean a single global carbon price
Almost one-quarter of global emissions are covered by some form of direct carbon pricing, up by around 10 percentage points over the past decade. By 2030 almost two-thirds of global emissions could be covered by carbon pricing. As the share of emissions covered by regulated compliance carbon pricing expands, many
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Not in my backyard
Deadly pipeline ruptures. The risk of groundwater contamination. An excuse for fossil fuel producers to continue. These are just some of the environmental and safety concerns expressed by landowners and residents in parts of the Midwest to the development of new carbon dioxide (CO2) pipelines. The furore is unlikely to
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Boiling over
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Repost: The EU carbon market and its stock-to-flow ratio
In writing Carbon Risk I try and develop different ways in which investors should think about carbon markets. Quite often the basis for these frameworks are borrowed from other financial markets. For example, thinking about carbon allowances as a currency in which trust in government commitment to net zero targets
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Alternative proteins climb the slope of enlightenment
"We shall escape the absurdity of growing a whole chicken in order to eat the breast or wing, by growing these parts separately under a suitable medium." - Winston Churchill Animals are a wildly inefficient means of producing edible protein. Cattle consume roughly 25 calories of plant material
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Breaking the bottleneck
The Rhine is a microcosm of the climate challenges facing Europe and other parts of the world. The river is a crucial 800-mile transport artery stretching through the centre of Germany from the Alps to the North Sea. The world’s largest integrated industrial complexes depend on the Rhine, to
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Carbon border risk
EUAs offer a tradeable hedge against future CBAM exposure
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The net zero fiscal trilemma
Governments face a trilemma between meeting net zero, fiscal sustainability, and political feasibility. Splurge enough public money on new green projects and you may get to net zero faster. It probably won’t do your re-election chances any harm either, but it might provoke a harsh rebuke from the bond