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Deadly pipeline ruptures. The risk of groundwater contamination. An excuse for fossil fuel producers to continue. These are just some of the environmental and safety concerns expressed by landowners and residents in parts of the Midwest to the development of new carbon dioxide (CO2) pipelines. The furore is unlikely to
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Welcome to Carbon Risk — helping investors navigate 'The Currency of Decarbonisation'! If you haven’t already subscribed please click on the link below, or try a 7-day free trial giving you full access. Subscribe now By subscribing you’ll join more than 3,000 people who already read
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In writing Carbon Risk I try and develop different ways in which investors should think about carbon markets. Quite often the basis for these frameworks are borrowed from other financial markets. For example, thinking about carbon allowances as a currency in which trust in government commitment to net zero targets
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"We shall escape the absurdity of growing a whole chicken in order to eat the breast or wing, by growing these parts separately under a suitable medium." - Winston Churchill Animals are a wildly inefficient means of producing edible protein. Cattle consume roughly 25 calories of plant material
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The Rhine is a microcosm of the climate challenges facing Europe and other parts of the world. The river is a crucial 800-mile transport artery stretching through the centre of Germany from the Alps to the North Sea. The world’s largest integrated industrial complexes depend on the Rhine, to
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EUAs offer a tradeable hedge against future CBAM exposure
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Governments face a trilemma between meeting net zero, fiscal sustainability, and political feasibility. Splurge enough public money on new green projects and you may get to net zero faster. It probably won’t do your re-election chances any harm either, but it might provoke a harsh rebuke from the bond
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“If you are in a poker game and after 20 minutes you don’t know who the patsy is, then you’re the patsy.” - Warren Buffett Navigating carbon markets revolves around understanding how the most important participants in the market play the game. In the EU ETS and other
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The EU carbon price needs a cold winter and renewed political support to stop prices falling below a critical level
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“The answer to the global climate crisis is carbon pricing.” - Kurt Vandenberghe, the European Commission’s Directorate-General for Environment (DG ENV) Carbon pricing plays a number of roles including internalising the cost of negative externalities resulting from greenhouse gas (GHG) emissions and putting a price on the remaining carbon
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Hydrogen's latest hype cycle still suffers from overinflated expectations
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Almost twelve months to the day since I published this article, the price of UK emission allowances (UKA’s) has fallen by over 50% to a mere €35 per tonne. The malaise is even more striking when you consider that just across the English Channel, the EU carbon market continues