Bloomberg's Heesu Lee reports on positive carbon market developments from New Zealand. 🇳🇿 👉NZU carbon prices have surged on the back of constrained supply. 🚀 👉The same thing will happen in the VCM through 2025 as more corporate demand collides with drastically reduced issuances on a per-project basis. 📈 👉Or not. In which case the climate is stuffed, because as we are reminded weekly, we are not getting there without much more corporate finance, much faster. 🌎 #ReduceANDInvest
Rich Gilmore’s Post
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🚨 New Zealand’s Carbon Market Overhaul🌍 📢 Climate Change Minister Hon. Simon Watts just announced a drastic 53% cut in carbon units—from 45M to 21M between 2025-2029—to tackle oversupply, which has caused prices to drop over 10% this year. With carbon prices now surging 9% to NZ$61/ton, this move aims to restore market balance and drive businesses to reduce emissions. 📉🌱 🔎 Rich Gilmore, CEO of Carbon Growth Partners, called this "a positive step" for both markets and the climate, emphasizing that higher prices will boost decarbonization efforts. 💼🌍 📝 Logan MacLeod from Jarden Group predicts that prices will continue to rise from 2025, accelerating the shift to a low-carbon economy. 📈♻️ CYNK🌍is focused on high quality and high integrity carbon credits and carbon dioxide removals that command higher prices and accelerate climate finance in Africa : https://www.cynk.io/news #ClimateAction #CarbonPricing #NZETS #Sustainability #Decarbonization #CarbonMarkets #ClimateChange #GreenEconomy #EnvironmentalPolicy #NewZealand #ClimateLeadership #SustainableFuture Jenny Lackey, Tim Buckley, Feng Hu, Matthew Cowie, Jason Patrick, Matt Whineray, Jo Kelly, Jolie Hodson MNZM, Annabell Chartres, David Booth, Gillian Blythe, Richard Evans, Dr Victoria Hatton, Daniel James Crabtree, Ivan Diaz-Rainey, Audrey Caulliez-Louis, Tim Wixon, CFA, Alan Thomson, Elena Primikiri, PhD, David Hall, Maria Netto, Isobel (Isi) Bruun-Kiær, Julia Wiener, Maks Popkiewicz, Nigel Croke, CFA, Nancy Lu (MP, MPA, CA), Rene Michau, Karen McWilliams FCA, Nicola Willis MP, Paul Baxter, Bradley Schroder PhD, Melissa Clark-Reynolds ONZM, ChFInstD, Matthew Tukaki, Derek Handley.
New Zealand Carbon Prices Jump to 5-Month High on Overhaul Plan
bloomberg.com
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Food for thought in Financial Times ‘Prices are important here. Today, the average price of carbon dioxide emissions is only $5 per tonne. Only the EU and UK within compliance markets have average prices of over $50 per tonne. The IMF estimates the equilibrium price at over $80 by 2030. There is clearly a big discrepancy between where prices are and where they need to be. Higher-quality credits will be critical. These markets are not a losing proposition. Carbon pricing programmes now cover a quarter of global emissions, double the figure in 2015. But to meet long-term needs, they must change their governance and the administration of carbon prices. For a commodity with the potential to save the planet, it is perplexing that the administration of the clearing price is voluntary and only regulated by civil society organisations’
The fragmentation of carbon markets must be fixed
ft.com
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In July and August 2024, the carbon market saw a slowdown in trading, driven by seasonal factors, market uncertainties, and structural challenges. The European market faced a surplus of allowances, leading to a drop in prices, with carbon prices around €50 per ton, down from €80 earlier in the year. Regulatory changes, such as the Market Stability Reserve, could tighten future supply, but current investor sentiment remains cautious. Global markets, including California and Washington, also experienced slow trading due to regulatory uncertainties. The voluntary carbon market showed mixed results, with a decline in most project categories except for carbon removal projects. Overall, the market is characterized by oversupply, regulatory hurdles, and a cautious outlook. 👉 John Ryan Ochieng DK Balian ClimeTrek Ltd #CarbonMarket #CarbonTrading #EUETS #EmissionsTrading #VoluntaryCarbonMarkets #CarbonPrices #ClimateFinance #Sustainability #CarbonSequestration #MarketDynamics #RegulatoryChallenges #CleanEnergy #ClimeTrek #EnvironmentalEconomics #ClimateAction #CarbonOffset #GreenEconomy
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It is very good report
State and Trends of Carbon Pricing | Executive Summary: 🔵 Carbon pricing adoption has been limited over the past year, but there are promising signs of uptake in middle-income countries. 🔵 Carbon prices remain insufficient despite a decade of strong growth. 🔵 Carbon pricing revenue reached new highs. 🔵 Emerging flexible designs and approaches reflect the adaptability of carbon pricing to national circumstances. 🔵 Carbon credit markets saw mixed movements. 🔵 The subdued market and reduced confidence emphasize the importance of initiatives to rebuild integrity and credibility. DOWNLOAD FULL REPORT: https://lnkd.in/eF5Vc5nN #PriceOnCarbon
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🌍Carbon pricing is becoming a critical tool in addressing climate change. 🌐 The World Bank's 'State and Trends of Carbon Pricing 2024' report offers valuable insights into the latest developments. 💡 As companies navigate the evolving regulatory landscape, staying informed is key to sustainable success. #carbonpricing #sustainabledevelopment #climatechange
State and Trends of Carbon Pricing | Executive Summary: 🔵 Carbon pricing adoption has been limited over the past year, but there are promising signs of uptake in middle-income countries. 🔵 Carbon prices remain insufficient despite a decade of strong growth. 🔵 Carbon pricing revenue reached new highs. 🔵 Emerging flexible designs and approaches reflect the adaptability of carbon pricing to national circumstances. 🔵 Carbon credit markets saw mixed movements. 🔵 The subdued market and reduced confidence emphasize the importance of initiatives to rebuild integrity and credibility. DOWNLOAD FULL REPORT: https://lnkd.in/eF5Vc5nN #PriceOnCarbon
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State and Trends of Carbon Pricing | Executive Summary: 🔵 Carbon pricing adoption has been limited over the past year, but there are promising signs of uptake in middle-income countries. 🔵 Carbon prices remain insufficient despite a decade of strong growth. 🔵 Carbon pricing revenue reached new highs. 🔵 Emerging flexible designs and approaches reflect the adaptability of carbon pricing to national circumstances. 🔵 Carbon credit markets saw mixed movements. 🔵 The subdued market and reduced confidence emphasize the importance of initiatives to rebuild integrity and credibility. DOWNLOAD FULL REPORT: https://lnkd.in/eF5Vc5nN #PriceOnCarbon
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IWRM, Water-Food-Energy, Urban water-sanitation-drainage systems. Water connects the interrelated dimensions of development. It is a fundamental pillar of planetary systems and supports almost all human endeavors.
Always a vwry important topic: Carbon pricing.
State and Trends of Carbon Pricing | Executive Summary: 🔵 Carbon pricing adoption has been limited over the past year, but there are promising signs of uptake in middle-income countries. 🔵 Carbon prices remain insufficient despite a decade of strong growth. 🔵 Carbon pricing revenue reached new highs. 🔵 Emerging flexible designs and approaches reflect the adaptability of carbon pricing to national circumstances. 🔵 Carbon credit markets saw mixed movements. 🔵 The subdued market and reduced confidence emphasize the importance of initiatives to rebuild integrity and credibility. DOWNLOAD FULL REPORT: https://lnkd.in/eF5Vc5nN #PriceOnCarbon
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Carbon Footprint | Carbon Reduction | Carbon Reporting | Carbon Neutral Verification | Procurement | Cost Management
Tricky balance pricing carbon without stifling trade as can be seen in the attached infographic. But the real question is how serous are we in meeting our Net Zero target if our own carbon price is below the target range!
The Price of Carbon Around the World in 2024
https://www.visualcapitalist.com
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Nice overview of existing and emerging carbon pricing instruments around the world.
State and Trends of Carbon Pricing | Executive Summary: 🔵 Carbon pricing adoption has been limited over the past year, but there are promising signs of uptake in middle-income countries. 🔵 Carbon prices remain insufficient despite a decade of strong growth. 🔵 Carbon pricing revenue reached new highs. 🔵 Emerging flexible designs and approaches reflect the adaptability of carbon pricing to national circumstances. 🔵 Carbon credit markets saw mixed movements. 🔵 The subdued market and reduced confidence emphasize the importance of initiatives to rebuild integrity and credibility. DOWNLOAD FULL REPORT: https://lnkd.in/eF5Vc5nN #PriceOnCarbon
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🌍 State and Trends of Carbon Pricing 2024: Key Insights 🌍 The World Bank’s latest report highlights crucial developments in carbon offsets, pricing trends, and frameworks driving global climate action. Here are the key takeaways: 1. Carbon Offsets: Quality and Integrity: The carbon credit market faced challenges in 2023, but efforts to enhance credibility are underway. The Integrity Council for the Voluntary Carbon Market has set a benchmark for credit quality, with approved credits expected in 2024. 2. Pricing Trends: Expanding but Insufficient: Carbon pricing now covers 24% of global emissions, with potential to reach 30% if new policies are fully implemented. Despite this growth, higher pricing and wider coverage are needed to meet Paris Agreement goals. 3. Revenue and Adoption: Promising Developments: Carbon pricing revenues hit a record $100 billion in 2023. Middle-income countries like Brazil, India, and Türkiye are making significant strides in implementing carbon pricing policies. 4. Emerging Crediting Mechanisms: Governments are incorporating crediting frameworks to support compliance and voluntary markets. Initiatives like the Energy Transition Accelerator and iCRAFT in Uzbekistan are mobilizing finance for climate projects. 5. Flexibility and Adaptability: Flexible carbon pricing designs are being adopted to suit national circumstances, expanding coverage to sectors like maritime transport and waste. The evolving landscape of carbon pricing is promising, but we need bold political commitment and global collaboration to accelerate progress. Let’s work together to implement robust carbon pricing strategies that will help secure a sustainable future. 🔗 Dive deeper into the full report: https://lnkd.in/e8Fnx4FY #CarbonPricing #ClimateAction #Sustainability #WorldBank #CarbonOffsets #NetZero
openknowledge.worldbank.org
President, Maiyoo Keyoh
4moVery interesting.