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Once Western Europe’s largest coal-fired power station, the Drax power station in North Yorkshire, England officially called time on coal this week. Over the past decade the power station has converted all four of its coal units to burn biomass instead, and now imports wood pellets sourced from forests
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After first pushing through €100 per tonne on 21st February, the EU carbon market then twice attempted to push decisively through the €100 per tonne level, failing on both occasions. That was enough of a signal for investment funds to dial back their exposure. The latest Commitment of Traders (COT)
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Halting deforestation will come with a hefty price tag
Newsletter
The European chemical industry has been a lightening rod for the forces unleased by the energy crisis. In comparison to other energy intensive industries, the chemical sector is particularly vulnerable to changes in economic sentiment. Often the first to feel the impact of rising consumer demand, the sector is also
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Political divisions threaten nuclear powers role in Europe's energy transition
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The election of a new government in May 2022 has sparked new life into Australia’s carbon market. In August the new government announced plans to increase the country’s 2030 emissions reduction target under the Paris Agreement to 43% below 2005 levels (up from 26–28% previously), while also
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"Distinctions must be kept in mind between quantity and quality of growth, between its costs and return, and between the short and the long term. Goals for more growth should specify more growth of what and for what." - Simon Kuznets, the creator of Gross National Product (GNP)
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Why biochar is the most promising carbon removal technology
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The carbon trade you've probably never heard of
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The thaw in the often frosty relationship between the UK and European Union appears to also extend to their respective carbon markets. Both emission trading schemes now appear to have set course in the same direction, shifting towards a gradual alignment, and even opening up the potential for a future
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European steel has a relatively low emissions intensity, but it has been under pressure from cheaper imported steel. Unfortunately, many of those imports have been sourced from countries with a significantly higher emissions footprint. According to the race to replace domestically produced steel is increasingly being won by the dirtiest
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"The purpose of the margin of safety is to render the forecast unnecessary." - Ben Graham Arguably one of the most important pieces of climate legislation over the past twelve months is the Inflation Reduction Act (IRA). Signed into law in mid-August 2022, the IRA includes almost $370