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US Steel chops 2,500 jobs at Slovakia plant, blaming high EU carbon prices

Published 19:45 on July 20, 2019  /  Last updated at 13:41 on July 21, 2019  /  EMEA, EU ETS  /  No Comments

US Steel will lay off 2,500 workers at its large steel mill in Slovakia over the next two years, the company announced on Friday, blaming high EU carbon and power prices. Read More
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Poland greenlights plan to compensate industry for indirect EU ETS costs

Published 20:41 on July 19, 2019  /  Last updated at 21:38 on July 19, 2019  /  EMEA, EU ETS  /  No Comments

Poland’s parliament passed a bill on Friday to compensate its EU ETS-covered industry for indirect carbon costs, making good on a government plan announced nine months earlier when carbon prices first surged towards €30. Read More
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EU Market: EUAs rebound towards €29 as looming heatwave revives bulls

Published 18:37 on July 19, 2019  /  Last updated at 20:41 on July 19, 2019  /  EMEA, EU ETS  /  No Comments

European carbon prices emphatically rebounded from a six-day low on Friday's bullish auction result and forecasts of an impending heatwave, with buyers also taking comfort from strong technical signals. Read More
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Proposed New York CO2 charge facing further delays after passage of carbon neutrality bill

Published 19:59 on July 19, 2019  /  Last updated at 19:59 on July 19, 2019  /  Americas, US  /  No Comments

The New York Independent System Operator (NYISO) is delaying the finalisation of its carbon charge on its wholesale power market until this fall as it awaits further analysis on the state’s recently approved carbon neutrality legislation. Read More
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Norway and Suriname to explore carbon credits for preventing deforestation -report

Published 10:24 on July 19, 2019  /  Last updated at 10:29 on July 19, 2019  /  Africa, Americas, Asia Pacific, Aviation, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, South & Central, Voluntary Market  /  No Comments

Norway and Suriname are said to be exploring an arrangement where the South American country would earn carbon credits for keeping its tropical forest intact, according to a local news report. Read More
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Colorado to undertake feasibility study of LCFS

Published 19:54 on July 19, 2019  /  Last updated at 02:32 on July 20, 2019  /  Americas, RINs & LCFS, US  /  No Comments

A Colorado agency will commence a study this fall on the technical and economic feasibility of implementing a low-carbon fuel standard (LCFS) in the western US state, a government official said. Read More
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Nordic utilities report jumps in ETS-covered output amid lower hydro

Published 13:12 on July 19, 2019  /  Last updated at 13:12 on July 19, 2019  /  EMEA, EU ETS  /  No Comments

Two Nordic utilities reported rises in EU ETS-covered output over the first half of 2019 as their thermal facilities ramped up to cover lower hydro generation, though they said fossil-based production may ease for the rest of the year as reservoirs have since filled. Read More
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Swiss energy-related CO2 emissions fall in 2018 despite stubborn transport output

Published 18:18 on July 19, 2019  /  Last updated at 20:23 on July 19, 2019  /  Carbon Taxes, EMEA, EU ETS, Switzerland  /  No Comments

Switzerland’s energy-related CO2 emissions continued falling in 2018, the government announced this week, though the decline was again mostly seen in the consumption of thermal fuels as transportation’s output was unchanged. Read More
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CN Markets: Pilot market data for week ending July 19, 2019

Published 12:54 on July 19, 2019  /  Last updated at 12:54 on July 19, 2019  /  China, China's Pilot Markets  /  No Comments

Closing prices, ranges and volumes for China's regional pilot carbon markets this week. Read More
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EU Market: EUAs fall 2.4% on another weak auction, softer energy

Published 21:24 on July 18, 2019  /  Last updated at 22:27 on July 18, 2019  /  EMEA, EU ETS  /  No Comments

European carbon allowances fell on Thursday on another weak auction and a softer energy complex, before crashing through technical supports to close under €28 and give back much of their recent gains. Read More

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