Alessandro Vitelli

Alessandro Vitelli is an independent reporter and columnist specialising in climate and energy policy and markets for nearly 20 years. He writes about the spread of carbon markets – both voluntary and compliance – as well as the UNFCCC international climate process.
Alessandro covered the development of the first UN carbon credit market under the Kyoto Protocol and observed the negotiations over the Paris Agreement and its Article 6 markets at close range. He has also covered the EU emissions trading system since its inception, as well as markets in the UK, the United States and elsewhere in the world.

Analysts See Floor For EU Carbon Market

  • EUAs have fallen 30% since the end of 2023.
  • Prices now touching two-year lows.
  • Bank analysts see strong buying opportunity below EUR 50.

Alessandro Vitelli

2 weeks ago

3 min read

Europe’s 2040 Emissions Proposal Heralds EU ETS Changes

  • The EC published a goal to cut GHG emission by 90% from 1990 levels by 2040.
  • Industrial CO2 emissions could be cut by between 56% and 84% from 2015 levels.
  • Carbon removals are likely to play a small but significant goal.

Alessandro Vitelli

3 weeks ago

3 min read

UK Carbon Prices Set New Record Low as Demand Ebbs

  • UKA futures fell to GBP 31.30 last week after having been as high as GBP 99 in 2022.
  • Mild weather and reduced power demand are depressing demand for allowances.
  • Government is expected to propose supply adjustment mechanism to address the surplus.

Alessandro Vitelli

4 weeks ago

4 min read

EU May Propose 90% Net Emissions Reduction Pledge

  • A draft proposal indicates that the EU is considering a 90% net emissions reduction target.
  • For the first time, this would include some scope for carbon removals.
  • The plan aims for coal use to be phased out completely by 2040.

Alessandro Vitelli

1 month ago

3 min read

Specs Bet on Further Drops in EU Carbon Market in 2024

  • The carbon market has dropped as much as 24% since end of 2023.
  • Traders are reacting to drop of more than 20% in power sector emissions.
  • But investors are rebuilding bearish bets for 2024.

Alessandro Vitelli

1 month ago

3 min read

EU’s Emissions Reductions Likely To Speed Up EUA Withdrawal

  • EU’s Emissions Reductions Likely To Speed Up EUA WithdrawalEU’s CBAM driving market building around the world.
  • Turkey, Brazil, Vietnam in early stages of market set-up.
  • EU price outlook flat to weaker in 2024.

Alessandro Vitelli

2 months ago

3 min read

UK Follows Europe To Launch Carbon Border Tariff

  • Tariff to create level playing field with countries that do not price carbon emissions.
  • Carbon tariff may cover products including steel, cement, aluminium.
  • Government will consult on scope in 2024.

Alessandro Vitelli

2 months ago

3 min read

UN Carbon Market Set to Take Shape at COP28

  • This year’s COP climate summit will kick off in Dubai on November 30.
  • Funding for cutting carbon emissions will be a major point of discussion.
  • Meanwhile, more technical work will go into shaping the new UN carbon market.

Alessandro Vitelli

3 months ago

4 min read

EU Carbon Prices Drop as Industrial Production Declines

  • Europe’s natural gas prices remain far above pre-2022 levels.
  • This has disincentivised industrial production in Europe.
  • As a result, there has been less demand for EUAs, which has caused prices to drop.

Alessandro Vitelli

3 months ago

4 min read