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Run out of steam
Delay in implementing levy on global shipping emissions leaves decarbonisation all at sea
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BP's emissions trading scheme
BP is often derided for vacuous slogan’s like “Beyond Petroleum”. However, the oil major was a pioneer in implementing unconventional ideas that have since been instrumental in cutting emissions. In a speech at Stanford University in May 1997, BP CEO John Browne (now Lord Browne) announced that BP would
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Resolving The Green Paradox
The conventional argument behind the introduction of climate policies (such as carbon pricing, subsidies for renewable energy, and energy efficiency), is that consumers of energy will respond by switching over to lower carbon energy sources and becoming more energy efficient. Meanwhile, producers of fossil fuels, who now expect demand for
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Is a repeat of 2021 on the cards for California's carbon market?
A major compliance deadline in the California carbon market is approaching in November 2024. The race to secure sufficient emission allowances could spark the next big upward move in the state’s carbon price. Normal procedure requires obligated entities to surrender Californian Carbon Allowances (CCA’s) equal to 30% of
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Repost: Banking on 'blue carbon'
Everything you need to know about carbon credits sourced from the ocean
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Everything you need to know about Australian Carbon Credit Units (ACCUs)
Australia’s new carbon market, the revised Safeguard Mechanism, launches this coming Saturday, 1st July. For an in-depth review of how it works, the companies most likely to be affected, and the prospects for decarbonisation of the Australian economy, check out Australia's carbon market reforms get the green
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Collateral damage revisited
Four days after the Russian invasion of Ukraine I published Collateral damage. In the article I discuss the main factors investors need to pay attention to when considering how the crisis could impact the EU carbon market: No market is immune from a crisis, no matter how compelling the underlying
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Invite your friends to Carbon Risk and unlock rewards 🎁
Thank you for reading Carbon Risk — your support allows me to keep doing this work. If you enjoy Carbon Risk, it would mean the world to me if you could invite your friends and colleagues to subscribe as well. Starting today I’m launching the Carbon Risk referral program. If
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Harnessing the invisible fuel
We don’t demand energy for its own sake, but for what it enables us to do. If energy is life, then we should be careful how we use it. Energy efficiency simply means using less energy to perform the same activity, eliminating waste. The “invisible fuel” as energy efficiency
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Heat pumps on the factory floor
Heat is the backbone of any industrial process. Melting the steel that we need to build our bridges and trains, firing the cement kilns that provide the building blocks to construct our houses and offices, and the factories that heat the ceramics and glassware that we eventually eat and drink
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Carbon as an impact investment
ESG investing promised the opportunity to combat climate change while also earning strong returns for investors. However, over recent years investors and regulators have questioned whether financial products under the ESG umbrella are actually helping the economy decarbonise. Meanwhile, greenwashing claims coupled with a political backlash, particularly in North America,
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No room for complacency
Gas supply worries jolt Europe's energy markets