Insight Blog

The essential perspective on global commodities

Commodity Tracker: 6 charts to watch this week

Hopes are high that key concerns around the rules and technical aspects of emissions trading under Article 6.4 of the Paris Agreement will be resolved during the ongoing UN Climate Change Conference, or COP28, in Dubai. In oil, the spotlight is on the decision of OPEC+ members to implement voluntary production cuts in early-2024. Russian wheat production, US natural gas output and the possible extension of the EU's gas market correction mechanism are also in focus. 1


04 Dec 2023

Conversations at COP28

Conversations at the ongoing UN COP28 Climate Change Conference in Dubai are contentious, with the last few Conference of Parties meetings having left industry participants wanting more clarity on the future functioning of the voluntary carbon market. This time, market participants are hoping for improvements around the pace of negotiations, bringing much needed certainty as to how the VCM will align in practice with global climate goals


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