Award-winning Financial Services firm providing cutting edge Commodity Brokerage and Market Advisory to the Renewable Energy and Decarbonization sectors
New York, NY
Joined February 2012
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This week marks the 15th anniversary of Karbone!
Since our launch in 2008, we've had the privilege of serving 5000+ market participants across renewable energy and decarbonization markets. (1/3)
We've grown our deal flow to over $1 billion per year, across three offices and an increasingly global footprint. We're honored by the trust and reliance our clients have placed with us. (2/3)
Tumultuous times in the energy transition! @WSJ asked Karbone Managing Partner, Jonathan Burnston, about the ongoing impacts of rising costs on renewable #PPA contract structures: wsj.com/articles/green-power… (1/3)
“A few years ago, you would be blacklisted if you helped a developer renegotiate a power-purchase contract, said Jonathan Burnston, a managing partner at Karbone, a New York-based financial-services firm.” (2/3)
Between the changing distribution of competitive feedstocks and expanding production capacity of #RenewableDiesel and other marginal biofuels, the SAF volumetric jump seems logical. However, Q1’s SAF volume is still 200,000+ gallons below the historical max for the program…(4/5)
With feedstock competition between #RenewableDiesel, #Biodiesel, and Sustainable Aviation Fuel (#SAF) continuing, a 200% leap in SAF volume this quarter could indicate a redistribution of feedstock allocation by fuel type. (3/5)
Still the largest credit supplier under the CA LCFS, #RenewableDiesel showed an 8% increase in volumes from Q4 2022 to Q1 2023. Notably, RD volumes finally overtook conventional #Diesel, which fell nearly 30% in volume in the same time period. (2/5)
Team day trip to the largest municipal recovery facility in the US! Thank you @SMRecycles for an informative tour of the Sunset Park recovery facility and a look into the largest sorting system of its kind–processing 1,000 tons a day of NYC residential waste. We 💚 #wastetovalue!
The #LCFS credit bank grew 2% to a record 15.1 million in Q4 2022, according to @AirResources data released today. While deficits grew 5%, the pace was not enough to match soaring volumes of #RenewableDiesel, #CompressedNaturalGas, and #Electricity credits.
Karbone’s volumetric forecast for 2022 averaged within 5% of reported volumes across all fuels included in the CA LCFS Program. Contact the desk for more information on our new LCFS #MarketFundamental Forecast on the Karbone Data Hub, and our 10-Year Merchant Curve Forecast.
Karbone’s Carbon Brokerage team is proud to announce our participation in the development of the Guatemalan Forestry Protocol through the @climatereserve!
See working group details here:
climateactionreserve.org/how…
Our expertise in #GHG/Environmental/#CarbonMarkets will facilitate a shared value between #EnvironmentalProtection regulation and #EconomicGrowth. We aim to ensure equitable project execution through a holistic understanding of Guatemala's social, geographic, and legal landscape.
#Texas Legislation SB-2014 proposes to repeal its #RPS program, leaving the Voluntary #REC Market in a flurry. Karbone analyzes its latest developments: if enacted, it may impact the sizable #interconnection queue of #renewables in @ERCOT_ISO, creating a ripple effect in #supply.
The Karbone Data Hub's new landing page monitors 7-day % Changes in major #EnvironmentalCommodity markets, alongside Top 3 Biggest Gains and Losses in pricing each week and breaking #PolicyUpdates.
Register on karbone-hub.com or contact our Research team to learn more!
The #GreenhouseGasProtocol #Scope2 guidance evaluates the role #EACs have in market-based reporting towards #RenewableEnergy targets.
See below @NREL data on #REC growth as part of the #EnergyTransition for Voluntary Power Procurement Sales (2010-2020).
nrel.gov/analysis/green-powe…
We are all for #Additionality (when term is used correctly) and applaud efforts to create transparency around geography/vintage to further drive #Decarbonization. These #Scope2 initiatives must add to the picture, rather than diminish a powerful tool we have for creating change.