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.

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

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

3 months 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

3 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

4 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

5 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

5 months ago

4 min read

EU CBAM Nudges Countries to Establish Carbon Markets

  • Under Europe’s Carbon Border Adjustment Mechanism, importers would need to purchase certificates that cover emissions made to manufacture products anywhere in the world.
  • Importers will need to report “embedded carbon” in transition period to 2025.
  • This has galvanised more countries to think about setting up their own carbon markets.

Alessandro Vitelli

5 months ago

4 min read

US Republicans Target Chinese Imports with New Carbon Tax

  • Border tax targets carbon-intensive materials but also renewable energy and batteries.
  • Sponsor says bill targets China’s “manufacturing advantage, environmental loopholes”.
  • There is still uncertainty over the fee structure that would be imposed.

Alessandro Vitelli

6 months ago

4 min read

Corporate Climate Disclosure Law Approved in California

  • The new law requires disclosure of Scope 1, 2 and 3 emissions for companies with over USD 1 billion in revenues.
  • Similar rules are being rolled out on a federal level, alongside other initiatives around the world.
  • This forms the basis of a global emissions reporting system.

Alessandro Vitelli

6 months ago

3 min read