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A reintroduction to Carbon Risk
The why, what and who you really need to know
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Watch out for €60
It’s often worth looking behind the scenes and trying to unpick how financial participants in the EU carbon market are behaving. Despite claims to the contrary, the actions of financial market participants are an important driver of carbon prices. In this article I review recent movements in carbon futures
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Post summer blues hit the Californian carbon market
Not wanting to be outdone by Europe, a flurry of ‘bearish’ news hit the Californian carbon market during late August. Four factors are behind the recent change in sentiment: the extension of the Diablo Canyon nuclear facility (flagged previously on Carbon Risk as a risk here, here and here), the
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Hibernation
How the EU carbon market is adapting to a long geopolitical winter
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The sword of inelastic supply cuts BOTH ways
The EU carbon market is no stranger to volatile prices. Compared with other commodity markets EU carbon market volatility is broadly comparable with crude oil or coal, but tends to be significantly less volatile than natural gas (see The changing fortunes of the EU carbon market). Over the past four
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Summer break 🌞
Carbon Risk will be taking an extended break this summer. Today I will hit the “pause button” on subscriptions which means that the billing cycle for paid subscribers will be frozen. During the next 5-6 weeks paid subscribers will not be charged for renewals, but you will still be able
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Everything you need to know about China's national carbon market
China hosts the world’s largest carbon market by emissions. One year ago, almost to the day, trading in carbon allowances began changing hands. Over 2,100 liable coal and gas power stations participate in the compliance scheme, covering about 4.5 billion tonnes carbon dioxide (CO2e) per year -
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Putting a price on H₂O
Carbon markets are just the start of a revolution putting a price on natural capital
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Diablo Canyon Resurrected?
For many years, nuclear power met a sceptical pushback in the US and in Europe. Keeping aging reactors online no longer made economic sense in an energy climate increasingly dominated by solar and other renewable sources. In the aftermath of the Fukushima nuclear disaster in Japan in 2011, many governments
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A climate-driven "Minsky Moment"
Revisiting the impact of a sudden repricing of carbon prices
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High and dry
Drought threatens Germany's plan to burn more coal
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Why metal mining investors should support a global carbon price
The global metals and mining business is one of the dirtiest industries around, contributing around 8% of global carbon emissions. A high carbon price is surely the last thing that mining company executives and their investors would wish for. Yet many of the commodities brought to the surface and refined