Published 21:59 on January 17, 2017 / Last updated at 21:59 on January 17, 2017 / EMEA, EU ETS / No Comments
UK Prime Minister Theresa May on Tuesday signalled that as part of Brexit negotiations she would not be seeking a partial membership of the EU, though this stance does not rule out looser ties on climate and energy issues or an ETS exit.
The world’s top energy consumer is setting a goal to slow its growth in energy use to less than 3% a year through 2020, forcing much of the burden onto big-emitting industries and imposing a range of measures to tackle over-supply, according to China’s five-year plan for the energy sector released Tuesday.
China accounted for 40% of the global green bond market in 2016 with investments of $36.2 billion, a figure that is set to double this year, a report said Tuesday, making the market by far the biggest source of private funds to fight carbon pollution in the world’s biggest-emitting nation.
This year’s Davos summit will see the world’s elite financiers and industry leaders host a growing number of discussions on climate change compared to years past. Here are some key events to watch.
Published 21:21 on January 16, 2017 / Last updated at 21:21 on January 16, 2017 / EMEA, EU ETS / No Comments
Free EUA allocations to new and growing EU ETS emitters slowed once again in the second half of 2016, with more than 75% of the allowances set aside for such plants still unclaimed at the halfway point of the current trading phase.
Prices in the Shanghai emissions trading scheme have tripled over the past two months as traders bet on arbitrage opportunities when the national carbon market opens later this year while tighter allocation has boosted demand.
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