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Climate engineering
The case for technology-based carbon removal
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EU member states ditch MSR sale proposal
EU member states appear to have finally torpedoed the European Commission’s (EC) proposal to raid the Market Stability Reserve (MSR). I wasn’t alone in saying that this was a particularly bad idea, one that would threaten the long-term integrity of the EU ETS and make it very difficult
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Commitment issues
“It takes many good deeds to build a good reputation, and only one bad one to lose it.” - Benjamin Franklin When a government begins to lose economic credibility, the market will punish it by selling government bonds, forcing up interest rates and washing itself of it’s currency. As
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The big short
Record net short position underlines the extreme negative sentiment towards carbon
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The sky's the limit
Carbon markets are only having a negligible impact on the international airline industry. That’s a problem given the expected growth in global air travel, and the damage that emissions have from so high up in the atmosphere. The global airline industry is expected to emit around 810 Mt CO2
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VCM futures no refuge from equity market malaise
Strong corporate demand for carbon credits masks declining willingness to pay
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Is the MSR sale really a 'win-win'?
Calls grow for sale of emission allowances to fund Europe's energy transition
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The zero lower bound
What happens when EU ETS emissions approach zero?
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Everything you need to know about the Social Cost of Carbon (SCC)
The Social Cost of Carbon (SCC) is an estimate of the net economic damage resulting from the addition of an incremental tonne of carbon dioxide (CO₂) into the atmosphere. The SCC is often used by policymakers when assessing the cost-benefit impact of climate related policies. For example, the SCC is
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Pricing methane emissions out of the atmosphere
America's first nationwide price on a greenhouse gas does not go far enough
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The UK carbon market continues to dodge political headwinds...but for how long?
The UK carbon market is making a convincing case for being the strongest ‘Currency of Decarbonisation’. UK emission allocation (UKA) prices continue to trade over €90 per tonne, even despite experiencing a sharp sell-off in recent weeks.1 After hitting a daily settlement record of over €115 per tonne on
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The battle for Europe's industrial sovereignty
Energy molecules are moved by pipeline or tanker, from whence they came, to the point at which it is consumed. The modern global economy was built on this premise. Industrialisation led to greater demands on resources, which led to the exploitation of faraway fields, which helped fuel further development, which