Early EU ETS reform deal seen more likely as key lawmakers huddle

Published 10:50 on December 7, 2016  /  Last updated at 20:51 on December 7, 2016  /  EMEA, EU ETS  /  No Comments

Prospects for an early compromise deal on the post-2020 EU ETS reform bill have improved this week as the two major political parties have firmed their positions and aim to agree a unified line, two EU sources said. Read More

Trump taps climate change sceptic to lead EPA

Published 23:40 on December 7, 2016  /  Last updated at 23:40 on December 7, 2016  /  Americas, US  /  No Comments

US President-elect Donald Trump will appoint Oklahoma Attorney General and Clean Power Plan opponent Scott Pruitt to head the Environmental Protection Agency (EPA), according to media sources. Read More

EU Market: EUAs shed up to 5% in another volatile session

Published 19:28 on December 7, 2016  /  Last updated at 19:28 on December 7, 2016  /  EMEA, EU ETS  /  No Comments

European carbon prices fell by more than 5% on Wednesday in another choppy session, fluctuating in a wide range that centred around a technical level as the market digested evolving developments in post-2020 EU ETS reform talks. Read More

Belektron buys "significant" stake in rival EU carbon broker Vertis

Published 15:47 on December 7, 2016  /  Last updated at 18:53 on December 7, 2016  /  Bavardage, EMEA, EU ETS  /  No Comments

Slovenia-based carbon tradinghouse Belektron has acquired a “significant” share of rival brokers Vertis Environmental Finance, forging a partnership in an attempt to expand coverage across Europe. Read More

Steelmaker Tata commits to run major UK site for five years

Published 20:51 on December 7, 2016  /  Last updated at 20:51 on December 7, 2016  /  EMEA, EU ETS  /  No Comments

Steelmaker Tata has committed to run its Port Talbot UK steel mill for five years, taking a big step towards ensuring there will be no major cut in CO2 output at one of Europe’s biggest emitters. Read More

Record batch of CERs cancelled

Published 17:48 on December 7, 2016  /  Last updated at 17:51 on December 7, 2016  /  Asia Pacific, International, Kyoto Mechanisms, South Korea  /  No Comments

A record number of CERs have been cancelled to allow the emission reductions to be used in South Korea’s ETS. Read More

Australian utilities, campaigners urge PM Turnbull to keep carbon trading option on the table

Published 09:27 on December 7, 2016  /  Last updated at 09:27 on December 7, 2016  /  Asia Pacific, Australia  /  No Comments

Energy market operators and green groups alike on Wednesday urged Prime Minister Malcolm Turnbull to keep the option of a CO2 intensity scheme on the table after the conservative wing of the ruling Coalition had forced an about-turn on the issue. Read More

Global CO2 output flat in 2015 as EU bucks reduction trend -report

Published 17:16 on December 7, 2016  /  Last updated at 17:17 on December 7, 2016  /  EMEA, EU ETS  /  No Comments

Global CO2 output stalled in 2015 mainly because of a 2% cut in coal burning and cement production, but the EU bucked that trend by being the only major economy to increase its power and industrial emissions, a report found. Read More

China’s Fujian to complete CO2 allocation this week to 277 companies

Published 05:57 on December 7, 2016  /  Last updated at 05:57 on December 7, 2016  /  China, China's National ETS, China's Pilot Markets  /  No Comments

The carbon market scheduled to launch next week in Fujian will regulate CO2 emissions from 277 companies, the provincial government said Wednesday, including local branches of several of China’s biggest energy corporations. Read More

EU Market: EUAs nudge up to €4.50 in choppy trade

Published 01:20 on December 7, 2016  /  Last updated at 02:13 on December 7, 2016  /  EMEA, EU ETS  /  No Comments

EU carbon prices nudged higher on Tuesday after a strong auction result helped lift prices that had once again dipped towards €4. Read More

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