Author Archives: apoullain

The adoption of standardised baseline gives a new dimension to benchmark tool

The principle of a standardised baseline was adopted during the last CDM Executive Board Meeting. This rule makes it easier for project developers to prove the additionality of projects, by simplifying   the research of emission factors. Developers will now be able to … Continue reading

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How many credits by 2020?

Different scenarios can be considered to assess the volume of credits that will be circulating on the market for the coming years. The cap will depend, among others, on the emission reduction objective of the European Union, the set aside, and … Continue reading

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China is still in the CDM game

Last week issuance dramatically outline Chinese weight in the CDM. With 11 of the 21 issuing projects, Chinese projects received 4.6 millions credits (out of 5.05 million). These figures are in line with a more general trend, namely the Chinese … Continue reading

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The mirage of future demand

It is well accepted that EUA prices are nothing less than the actual price of a forward long-term contingency representing the future deficit on the EU ETS. Dealing with a contingency in an incomplete market heavily driven by regulatory policies, … Continue reading

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Carbon pipeline at full blast

Once again last month, the CDM pipeline operated at full capacity: 37.2 millions CDM offsets were issued in September, making last month the third highest month in term of issuance since CDM inception, behind January and August 2011. So far … Continue reading

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CDM pipeline: First NAMA Pipeline Insight

The “can’t miss” event of this month is UNEP Risoe’s launch of the National Appropriate Mitigation Actions (NAMA) pipeline. NAMAs serve as a mechanism for developing countries to contribute to global climate protection, with the financial help of developed  countries. The … Continue reading

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When markets are down, correlations are up

In a tormented market climate the EUA plunges below 12 euros, as a consequence of pessimistic news upon the economic growth and of the downward pressure of the equity markets. The level of correlation between the equities and EUA prices … Continue reading

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