Top
Analysts up EUA forecasts as speculators still seen hungry to buy
EU carbon allowances are expected to continue to climb for the rest of the year as speculators keep buying in anticipation of further increases and utilities lend support, analysts said, following several weeks of strong price gains that have already pushed prices to their highest for a decade. Read MoreTop
EU Market: EUAs advance to new decade-high as observers project further gains
European carbon prices advanced nearly 2% on Monday to extend further their 10-year high above €18.50 as observers continued to predict additional rises. Read MoreTop
Trump to reveal significantly weakened US Clean Power Plan -reports
The Trump administration is expected to unveil its replacement draft for the US EPA’s Clean Power Plan (CPP) on Tuesday, a proposal that would reportedly result in far fewer GHG reductions than the previous Obama-era iteration and limit the scope of eligible emissions reduction activities. Read MoreTop
Australia drops emissions target from National Energy Guarantee
Australian Prime Minister Malcolm Turnbull on Monday said his government will not try to legislate an emissions target for the electricity sector under the National Energy Guarantee (NEG) as opposition from a handful of MPs from his own party meant the policy would likely not make it through parliament. Read MoreTop
NEG U-turn leaves Australian energy industry, investors reeling
Australia’s decision Monday to drop the emissions target in the National Energy Guarantee (NEG) has left the energy sector concerned that investment certainty might be further away than ever, and that the nation could put itself on track to face international repercussions for missing its Paris obligations. Read MoreTop
Calls emerge for New Zealand to raise carbon price ceiling immediately
Calls are emerging for the New Zealand government to raise the price ceiling for NZUs immediately to avoid emitters paying the NZ$25 fixed price for 2018 compliance instead of surrendering permits. Read MoreTop
California LCFS Roundup: Prices scale new average highs in July while the ARB publishes latest rulemaking
Average prices in California’s Low Carbon Fuel Standard (LCFS) in July gained almost 10% to extend the previous month's record high, while regulator ARB published the latest formal rulemaking documents on programme amendments this week. Read MoreTop
EU Market: EUAs climb back above €18 to stay close to 10-year high
European carbon prices climbed back above €18 on Friday amid rising energy prices, lodging a 1.4% weekly gain and consolidating near the 10-year peak reached earlier in the week. Read MoreTop