Carbon markets
Overview
Argus carbon markets services provide essential insight into global industry trends, policy changes, and regulatory developments. They include access to analysis and price for the green markets assessments, including renewable energy certificates, voluntary carbon credits, CO2 permits, EU Emissions Trading systems (ETS), SO2 and NOX.
Key markets covered
- Europe
- EUA (EU ETS allowances)
- CER (certified emission reductions)
- ERU (emission reduction units)
- US & Canada
- RECs (renewable energy certificates)
- Carbon markets for California, RGGI (Regional Greenhouse Gas Initiative), and Canada
- California and Oregon LCFS (low-carbon fuel standard)
- Biofuel RINs (renewable identification numbers)
- SO2 and NOX
Latest carbon markets news
Browse the latest market moving news on carbon markets.
Japanese bank Mizuho boosts support for H2, ammonia
Japanese bank Mizuho boosts support for H2, ammonia
Tokyo, 17 May (Argus) — Japanese bank Mizuho Financial aims to provide ¥2 trillion ($12.8bn) in financial support for domestic and overseas cleaner fuel projects by 2030 to support Japan's plan to build a hydrogen supply chain. Private-sector Mizuho is offering financing to low-carbon hydrogen, ammonia and e-methane projects related to production, import, distribution and development of hydrogen carriers. Mizuho said it has in the past offered project financing for large-scale overseas low-carbon hydrogen and ammonia manufacturing projects, as well as transition loans. Japan is focusing on cleaner fuel use in the power sector and hard-to-abate industries, as part of its drive to reach net zero CO2 emissions by 2050. Japanese firms are getting involved in overseas hydrogen projects because domestic production is bound to be comparatively small and costly. They are looking to co-fire ammonia at coal-fired power generation plants to cut CO2 emissions and examining use of the fuel as a hydrogen carrier . Japanese companies have also partnered with several overseas firms on e-methane. Mizuho has to date offered $1bn for cleaner fuel projects. The bank has set a goal to accelerate the setting up of a clean fuel supply chain by addressing the financial challenge faced by projects requiring large investments. Mizuho has attempted to help Japan's decarbonisation push by tightening biomass and coal financing policies. Mizuho has also stopped investing in new coal-fired power projects, including existing plant expansions. The bank has a plan to reduce the ¥300bn credit available for coal-fired power development projects by half by the April 2030-March 2031 fiscal year and to zero by 2040-41. By Nanami Oki Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
Biomass start-ups lift Japan's Renova April power sales
Biomass start-ups lift Japan's Renova April power sales
Tokyo, 17 May (Argus) — Japanese renewable power developer Renova's electricity sales doubled on the year in April, following the start-up of three biomass power plants in the past six months. Renova sold 199,601MWh of electricity — including solar, biomass and geothermal — in April, double the 99,857MWh a year earlier, the company announced on 13 May. The 75MW Sendai Gamo plant in northeastern Miyagi prefecture started operations in November 2023 and produced 40,753MWh in April. The 74.8MW Tokushima Tsuda plant in western Tokushima prefecture, which was commissioned in December 2023, generated 10,870MWh in April. The 75MW Ishinomaki Hibarino plant in Miyagi began normal runs in March and supplied 49,495MWh in April. Renova plans to add 124.9MW biomass-fired capacity in the April 2024-March 2025 fiscal year, with the 75MW Omaezaki plant in central Shizuoka city scheduled to begin commercial operations in July, followed by the 49.9MW Karatsu plant in southern Saga city in December. Omaezaki is currently conducting trial runs and Karatsu is under construction. The additions will increase Renova's biomass-fired capacity to 445MW. By Takeshi Maeda Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
US RIN generation up in April as D4 climbs
US RIN generation up in April as D4 climbs
Houston, 16 May (Argus) — Generation of renewable identification number (RIN) credits in April rose by 12pc, as biomass-based D4 diesel credits posted their second highest monthly volumes ever. Total RIN generation rose to 2.06bn credits in April, up from 1.84bn a year earlier, the US Environmental Protection Agency reported on Thursday. D4 credits continued to lead gains in April, with generation increasing on the year by 29pc to 780mn credits. The only month with greater D4 RIN generation was December 2023. D4 accounted for 38pc of all RINs in April, up from 33pc in April 2023. Ethanol D6 RIN generation rose from a year earlier by 2.4pc to 1.2bn credits, accounting for 58pc of all RINs generated in the month. D6 credits were also up by 4pc from March, a month that was affected by seasonal ethanol plant maintenance. Cellulosic biofuel D3 credit generation rose by 7.6pc from a year earlier to 69mn credits. RINs are credits traded and produced by refiners and importers to show compliance with the EPA's Renewable Fuel Standard program. Obligated parties can produce credits when renewable fuels are blended into conventional transportation fuels or can purchase credits from other RIN producers. By Matthew Cope Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
New Dutch government to cut funds for green H2
New Dutch government to cut funds for green H2
Hamburg, 16 May (Argus) — The Netherlands' new government could reduce the budget of the country's climate fund by €1.2bn, primarily through cuts to renewable hydrogen support measures. Four parties announced an agreement to form a coalition government on 16 May and outlined broad policy measures. The agreement includes a "budget supplement" which foresees the climate fund's budget being cut by €300mn in each of the next four years compared with existing plans. This will be achieved by cutting funds available for the development of batteries and renewable hydrogen "in proportion to the current budget", according to the text. The majority of the cuts could be for renewable hydrogen given that the earmarked budget for this was much larger than for battery-related projects. Around €9bn of the fund's €35bn budget was set aside for renewable hydrogen support measures, with the bulk to go towards subsidising production projects . The coalition agreement was reached between the far-right PVV, the centre-right VDD party of outgoing prime minister Mark Rutte, the centre-right NSC, which was formed just shortly before the election last November, and the farmer's citizen movement BBB. The PVV, led by Geert Wilders, won most seats in the election but had to tone down some of the demands and promises from its election manifesto during the negotiations. In its manifesto, the PVV had pledged to abolish the climate fund entirely , saying that climate policies should "go straight through the shredder". The parties have retained a general commitment to support renewable hydrogen through the climate fund and note that low-carbon hydrogen made from natural gas with carbon capture and storage (CCS) can be used as a "transitional step" towards reducing emissions "if necessary". The agreement also says a planned increase in the national CO2 tax will be scrapped and outlines plans to open new nuclear power plants. The four parties have yet to decide on who will become the new prime minister. By Stefan Krumpelmann Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.