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EU leaders agree 2050 net zero deal despite lone holdout Poland
EU leaders have failed to achieve consensus on targeting net zero emissions by 2050, declaring a deal had been reached but acknowledging that one member state was unable to commit to the goal at this point. Read MoreTop
EU Market: Brexit endgame in sight as traders brace for UK election impact
EU carbon prices bounced back above €25 on Thursday, recovering all of the previous day's losses after hitting a six-day low this morning, as wider energy prices rebounded from their recent streak of declines and the market readied for the UK election results and their impact. Read MoreTop
EU delays 2020 start of Innovation Fund carbon allowance sales
January’s start of carbon allowance sales for the EU’s Innovation Fund is being delayed due to “necessary practical arrangements” not yet being in place, auction host EEX announced late Thursday. Read MoreTop
Australia loosens CO2 caps for more Safeguard facilities
Australia’s Clean Energy Regulator on Thursday issued new baselines for several facilities covered by the Safeguard Mechanism, allowing most of them to increase their CO2 emissions, including three of those that were forced to buy carbon credits to meet their targets last year. Read MoreTop
COP25: Roundup for Thursday, Dec. 12
Negotiations on the rulebook with International emission trade plodded along in Madrid on Thursday, as slow progress on other elements of operationalising the Paris Agreement solicited fears the UN Climate Summit would once again run well into the weekend. Read MoreTop
COP25: Minnesota LCFS programme in early stages -official
The US state of Minnesota is in the early stages of researching a low-carbon fuel standard (LCFS) to help reduce emissions from the transportation sector, a state official said Thursday at a UN COP25 side event. Read MoreTop
COP25: Australian businesses want CO2 market access, fear carbon tariffs
The vast majority of Australian businesses polled in a survey want access to international emissions markets, but worry about the risk of other nations slapping border carbon adjustments on Australian goods over the government’s lack of climate action. Read MoreTop
COP25: TCI states to unveil allowance cap, pricing levels next week
The Transportation and Climate Initiative (TCI) collaborative will release potential ETS cap levels and allowance price expectations as part of the draft Memorandum of Understanding (MOU) that will be published next week, a US state official said at the UN climate summit Thursday. Read MoreTop
