World Bank: Carbon pricing covers more than a fifth of global greenhouse gases

Carbon pricing instruments generate around $5bn in revenue, representing a 17% increase from last year, however, the full potential of carbon pricing ‘remains largely untapped’

Is LNG the saviour of European gas when the cooling season heats up demand?

Our latest European Market podcast on electricity and gas commodity prices sees gas demand and supply major in that commodity and carbon remains an issue for power.

Higher and higher – the continuing effects of carbon’s rise

Carbon is continuing to create waves in the markets by defying expectations and hitting new contract highs.

Carbon prices fall amid backloading delay

Carbon prices saw “sharp losses” recently following the announcement that the backloading plan will not being implemented until the second quarter of this year. That’s according to the latest weekly market report from npower, which suggests it led the market to believe that 300 million permits would be withdrawn rather than the expected 400 million. […]

Carbon prices 'to stay volatile' this week

Carbon prices are expected to remain volatile this week until further clarity is given from government coalition talks in Germany. That’s according to the weekly market report from npower, which also suggested the carbon market is eyeing the impact those discussions could have on the EU’s ‘backloading’ move. Backloading would involve temporarily delaying the sale […]

South Korea could have ‘world’s highest’ carbon prices

Carbon prices in South Korea (pictured) could reach the penalty level of $90 (£59) per tonne of CO2 – making it the highest in the world. The forecast from analysts at Bloomberg New Energy Finance (BNEF) comes as the nation is set to launch a scheme in 2015 that will cap around 70% of its […]

California carbon permit prices higher than expected

The US state of California held its second auction of greenhouse gas allowances last week and sold all of nearly 13 million carbon permits on offer for this year. The allowances sold for slightly more than market expectations, it was reported. The cap-and-trade programme is a central part of California’s global warming law and covers […]