European Union Emission Trading Scheme

Green QE and carbon pricing: looking at potential tools to fight climate change

Retrieved on: 
Monday, January 16, 2023

a carbon tax) is an effective instrument for combatting climate change, the potential contribution of central banks is still debated.

Key Points: 
  • a carbon tax) is an effective instrument for combatting climate change, the potential contribution of central banks is still debated.
  • Central banks around the world have explored various strategies for integrating climate change into their monetary policy frameworks.
  • Potential tools include greener collateral frameworks, green lending facilities and green quantitative easing (QE), whereby central banks “tilt” their balance sheets towards bonds issued by firms in “clean” or non-polluting sectors.
  • How effective are these tools in reducing carbon emissions relative to a carbon tax?
  • In Abiry, Ferdinandusse, Ludwig and Nerlich (2022), we contribute to this debate by assessing the effectiveness of green QE in limiting global warming compared with a carbon tax.
  • We define green QE as a full portfolio reallocation of the outstanding stock of privately issued bonds held by central banks towards a portfolio exclusively comprising green bonds.
  • Intermediate goods are produced using the inputs of capital, labour and energy (which can be either clean or dirty).
  • With a less extreme scenario in which only part of the central banks’ portfolio is tilted, the climate impact of green QE is even more limited.
  • The two counteracting forces of green QE outlined above explain why the overall effectiveness of green QE, even with a full portfolio shift, is more limited as compared with other policy tools, such as a carbon tax.
  • What level of carbon tax would be needed to achieve the same reduction in temperature as green QE?
  • While a carbon tax is the most effective means for combatting climate change, the analysis shows there can also be a limited role for central banks.

Carbon Credit Trading Platform Market Worth $200.6 Billion by 2027 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Tuesday, November 29, 2022

Based on the type, the voluntary carbon market segment is estimated to be the fastest-growing market from 2022 to 2027.

Key Points: 
  • Based on the type, the voluntary carbon market segment is estimated to be the fastest-growing market from 2022 to 2027.
  • The voluntary carbon market operates outside the regulated markets but simultaneously allows private companies and individuals to purchase carbon credits voluntarily.
  • Europe accounted for the largest share in the global Carbon Credit Trading Platform Market during the forecast period.
  • Nasdaq, Inc. (US), CME Group (US), AirCarbon Exchange (ACX) (Singapore), Carbon Trade Exchange (CTX) (UK), and Xpansiv (US) are the key players in the global Carbon Credit Trading Platform Market.

Carbon Credit Trading Platform Market Worth $200.6 Billion by 2027 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Tuesday, November 29, 2022

Based on the type, the voluntary carbon market segment is estimated to be the fastest-growing market from 2022 to 2027.

Key Points: 
  • Based on the type, the voluntary carbon market segment is estimated to be the fastest-growing market from 2022 to 2027.
  • The voluntary carbon market operates outside the regulated markets but simultaneously allows private companies and individuals to purchase carbon credits voluntarily.
  • Europe accounted for the largest share in the global Carbon Credit Trading Platform Market during the forecast period.
  • Nasdaq, Inc. (US), CME Group (US), AirCarbon Exchange (ACX) (Singapore), Carbon Trade Exchange (CTX) (UK), and Xpansiv (US) are the key players in the global Carbon Credit Trading Platform Market.

Green QE and carbon pricing: looking at potential tools to fight climate change

Retrieved on: 
Friday, November 11, 2022

a carbon tax) is an effective instrument for combatting climate change, the potential contribution of central banks is still debated.

Key Points: 
  • a carbon tax) is an effective instrument for combatting climate change, the potential contribution of central banks is still debated.
  • Central banks around the world have explored various strategies for integrating climate change into their monetary policy frameworks.
  • Potential tools include greener collateral frameworks, green lending facilities and green quantitative easing (QE), whereby central banks tilt their balance sheets towards bonds issued by firms in clean or non-polluting sectors.
  • How much can central banks contribute to climate change mitigation in this way?
  • How effective are these tools in reducing carbon emissions relative to a carbon tax?
  • In Abiry, Ferdinandusse, Ludwig and Nerlich (2022), we contribute to this debate by assessing the effectiveness of green QE in limiting global warming compared with a carbon tax.
  • We define green QE as a full portfolio reallocation of the outstanding stock of privately issued bonds held by central banks towards a portfolio exclusively comprising green bonds.
  • With a less extreme scenario in which only part of the central banks portfolio is tilted, the climate impact of green QE is even more limited.
  • The two counteracting forces of green QE outlined above explain why the overall effectiveness of green QE, even with a full portfolio shift, is more limited as compared with other policy tools, such as a carbon tax.
  • What level of carbon tax would be needed to achieve the same reduction in temperature as green QE?
  • While a carbon tax is the most effective means for combatting climate change, the analysis shows there can also be a limited role for central banks.

First Hydrogen's Green Hydrogen Powered Van Ready for Maiden Test Run

Retrieved on: 
Monday, November 7, 2022

The trials, run in conjunction with the Aggregated Hydrogen Freight Consortium (AHFC), will enable First Hydrogen to gain feedback for its next-generation 2.0 LCVs and engage with future potential customers.

Key Points: 
  • The trials, run in conjunction with the Aggregated Hydrogen Freight Consortium (AHFC), will enable First Hydrogen to gain feedback for its next-generation 2.0 LCVs and engage with future potential customers.
  • I believe green hydrogen will be the choice for commercial vehicles that require range and payload capabilities."
  • First Hydrogen is also developing refueling capability working with FEV Consulting GmbH, the automotive consultancy of FEV Group of Aachen Germany.
  • The Company is also pursuing opportunities in green hydrogen production and distribution in the UK, EU and North America.

PolyPid Provides Corporate Update and Reports Second Quarter 2022 Financial Results

Retrieved on: 
Wednesday, August 10, 2022

Concluded enrollment in SHIELD I trial in late May 2022, the largest Phase 3 trial conducted in infection prevention in abdominal surgery in over a decade.

Key Points: 
  • Concluded enrollment in SHIELD I trial in late May 2022, the largest Phase 3 trial conducted in infection prevention in abdominal surgery in over a decade.
  • Top-line results are expected by the end of the current quarter, followed by potential NDA submission to the FDA and a European Union MAA filing.
  • Dikla Czaczkes Akselbrad, Chief Executive Officer, was appointed to the Board of Directors, effective August 8, 2022.
  • G&A expenses for the six months ended June 30, 2022, were $4.7 million, compared to $4.6 million for the same period of 2021.

AirCarbon Exchange Sees First Trades of Newly Launched Global Emission Reduction Contract

Retrieved on: 
Tuesday, June 21, 2022

ABU DHABI, UAE and SINGAPORE and LONDON, June 21, 2022 /PRNewswire/ --AirCarbon Exchange (ACX) hosted the first trades of the newly launched Global Emission Reduction Contract, or GER, which aims to become the global reference price for voluntary carbon markets.

Key Points: 
  • ABU DHABI, UAE and SINGAPORE and LONDON, June 21, 2022 /PRNewswire/ --AirCarbon Exchange (ACX) hosted the first trades of the newly launched Global Emission Reduction Contract, or GER, which aims to become the global reference price for voluntary carbon markets.
  • Bioeconomy was proud to be involved from the very outset of the new contract which can derisk and unlock liquidity for all stakeholders.
  • The Net Zero Markets team have launched a great product that I can see quickly becoming the reference price for carbon offsetters."
  • Note: For more information on the GER, please visit: https://netzeromarkets.co/solutions/ger/
    AirCarbon Exchange (ACX) is a global exchange revolutionizing the voluntary carbon market.

AirCarbon Exchange Sees First Trades of Newly Launched Global Emission Reduction Contract

Retrieved on: 
Tuesday, June 21, 2022

ABU DHABI, UAE and SINGAPORE and LONDON, June 20, 2022 /PRNewswire/ --AirCarbon Exchange (ACX) hosted the first trades of the newly launched Global Emission Reduction Contract, or GER, which aims to become the global reference price for voluntary carbon markets.

Key Points: 
  • ABU DHABI, UAE and SINGAPORE and LONDON, June 20, 2022 /PRNewswire/ --AirCarbon Exchange (ACX) hosted the first trades of the newly launched Global Emission Reduction Contract, or GER, which aims to become the global reference price for voluntary carbon markets.
  • Bioeconomy was proud to be involved from the very outset of the new contract which can derisk and unlock liquidity for all stakeholders.
  • The Net Zero Markets team have launched a great product that I can see quickly becoming the reference price for carbon offsetters."
  • Note: For more information on the GER, please visit: https://netzeromarkets.co/solutions/ger/
    AirCarbon Exchange (ACX) is a global exchange revolutionizing the voluntary carbon market.