On 19 January 2023, the GGCS released a market update which covered RGGO statistics for Q4. 2022 marked the first time retirements outstripped issuances, resulting in a significant decrease in balance for the year.
Following on from Q3 trends, retirements increased to a total of 4.5 TWh for the year, eclipsing the previous high in 2019 by more than 70%. Most of the growth in demand can be attributed to non-domestic (corporates, industry) as well as demand from overse…
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