Newsletter
The carbon capture superpower
The United States will dominate global CCUS capacity
Newsletter
Newsletter
France's nuclear winter of discontent
Nuclear generation tends to be uncorrelated with carbon prices. The exception is when high power prices coincide with a period of tight carbon allowance supply. This August’s surge in European power prices coincided with a sharp increase in EU carbon prices towards €100 per tonne as utilities looked to
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The big sovereign carbon trade
Africa's "green superpower" expected to issue 90 million carbon credits
Newsletter
Europe's industrial slump
How bad will it get, and what does it mean for carbon?
Newsletter
Carbon's shifting anchor
The growth in electrolyser capacity is pivotal to Europe's decarbonisation ambitions
Newsletter
What RWE's 2030 coal burn phase out means for carbon prices
Last week German energy giant RWE announced that it will phase out the burning of coal by 2030, eight years earlier than agreed under Germany’s Coal Phase-Out-Act. The move to bring forward the phaseout means that ~280 million tonnes of CO2 will not now be emitted. The Act, passed
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Carbon risk dulls allure of gold miners
Gold miners have an image problem. The global metals and mining business is responsible for around 8% of global carbon emissions. In contrast to their compatriots mining copper, silver, tin, nickel and a whole host of other metals and minerals essential to driving the energy transition, gold miners have no
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Climate engineering
The case for technology-based carbon removal
Newsletter
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
Newsletter
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