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.

Carbon Group Set to Accept Scope Three Offsets in About-Turn

  • The Science Based Targets initiative has rolled back opposition to use of credits.
  • The board plans to endorse the use of carbon credits to offset Scope 3 emissions.
  • Stakeholders are sharply divided over role of offsetting: “business versus science”.

Alessandro Vitelli

2 days ago

3 min read

carbono

Funds Begin to Unwind Record Carbon Short Positions

  • Investment funds held record net short position at the end of February.
  • The net short has shrunk 40% since then as EUAs have rallied EUR 10.
  • The market is uncertain whether prices will resume declines after recent gains.

Alessandro Vitelli

2 weeks ago

4 min read

Imagem representando CBAM

UK Government Consults on Carbon Border Tax

  • The UK proposes to include ceramics and glass, which were left out of the EU CBAM.
  • CBAM will cover direct and indirect emissions at source.
  • Sectors will have seven “CBAM rates” payable according to coverage under UK ETS.

Alessandro Vitelli

3 weeks ago

4 min read

Europe’s Carbon Border Adjustment Mechanism

  • The EU’s CBAM entered into force last October.
  • Importers are required to report embedded emissions until end of 2025.
  • Payment for carbon emissions starts January 2026.

Alessandro Vitelli

4 weeks ago

3 min read

Investment Funds Up Bets Against Carbon Price Rise

  • Funds currently hold a record net short position.
  • EUA prices below EUR 60 are seen as a “bargain” by analysts.
  • Additional auction supply is potentially delaying recovery.

Alessandro Vitelli

1 month ago

4 min read

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 months 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

2 months 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

2 months 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

3 months ago

3 min read