Published 20:59 on November 23, 2017 / Last updated at 20:59 on November 23, 2017 / EMEA, EU ETS / No Comments
EU carbon prices added nearly 4% on Thursday after strong demand signals from the day’s auction encouraged what several traders said appeared to be speculative buying and some short-covering.
Analysts and state officials on Thursday delivered fresh criticism of Australia’s National Energy Guarantee (NEG), as the federal government appeared to be scaling down its ambitions for the outcome of Friday’s key COAG meeting.
Published 20:19 on November 22, 2017 / Last updated at 20:19 on November 22, 2017 / EMEA, EU ETS / No Comments
EU carbon surged on Wednesday after news emerged that EU nations had given their backing to the post-2020 EU ETS reform bill, but the gains proved short-lived and prices finished in the red for a fifth day.
The UK government aims to keep its domestic carbon price near current levels of around £24/tonne until 2025, it said in its autumn budget released Wednesday, a move that will allow the rest of the EU to catch up to Britain's high national price via the bloc’s carbon market but which could endanger the country’s long-term climate goals.
Published 09:32 on November 22, 2017 / Last updated at 23:09 on November 22, 2017 / EMEA, EU ETS / No Comments
EU member state envoys on Wednesday approved the post-2020 ETS reform bill, sending carbon prices higher and bringing a law-making process more than two years in the making closer to completion.
South Korean carbon allowances ended at record high levels on Wednesday as prices continue to be pushed up on minimal volumes with emitters willing to pay ever higher amounts for scarce units.
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