Newsletter
“People no longer are responsible for what happens in the market, because computers make all the decisions.” - Michael Lewis, Flash Boys It is easy to ascribe human logic to daily, or even intra-day movements in financial markets - especially for financial journalists, since that is their job. However, much
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Everything you need to know about carbon credits sourced from the ocean
Newsletter
Echoes of the Great Financial Crisis are beginning to show up as the energy crisis continues to exact its toll. Last night Uniper, the giant German utility issued a profits warning and withdrew its annual forecast. Germany’s largest buyer of Russian natural gas also announced that it was in
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Carbon credit futures prices have fallen by almost half since the start of 2022, amid worries over excess supply and that recession will kill-off a recovery in demand for carbon credits. In this article I highlight some of the developments in nature and non-nature based carbon credit futures, how the
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“Stranded assets” are those left unexploited or experience a decline in value due to changing in market conditions and regulations adopted to decarbonise the economy. The energy supply and generation business is particularly familiar with the concept of stranded assets. The total embedded emissions of known fossil fuel reserves is
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Long-term investors in the EU carbon market have developed a strong conviction that carbon prices must rise if the EU is to meet its decarbonisation targets. Over the past 18 months that conviction was rewarded as prices rose 3-fold towards the €80-€90 per tonne range we sit at currently.
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Storage capacity needs to scale fast if carbon capture is to reach its potential
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There's more to Germany's energy security plan than burning more coal
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The central African country of Gabon is one of only a few countries that are net sequesters of carbon.1 Around 85% of Gabon’s land is covered in carbon-absorbing rainforest, an area about the size of the UK. It’s tropical forests are part of the Congo Basin rainforest.
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I wanted to update you all on some of the 6 main charts I’ve been highlighting over the past few months. Paid subscribers in particular, will be familiar with many of them. It’s important to revisit them occasionally for clues as to how underlying trends are evolving and
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“[The] human brain has always been highly tuned towards narratives, whether factual or not…Stories motivate and connect activities to deeply felt values and needs. Narratives “go viral” and spread far, even worldwide, with economic impact.” - Robert Shiller Narratives are a powerful force that can sway people, industries and
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Sometime it’s can be difficult for investors to see the potential in a market beyond their own immediate borders. Investors in Europe, North America and other developed economies appear to be hardening their stance to investing in anything that feels like ‘ESG’. The proportion of company earnings calls mentioning