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EU and Switzerland sign deal for first ETS link between Paris Agreement parties

Published 16:26 on November 23, 2017  /  Last updated at 21:14 on November 23, 2017  /  EMEA, EU ETS, International, Switzerland  /  No Comments

The EU and Switzerland signed a formal agreement on Wednesday to connect their carbon markets, keeping the process on track to link the two schemes in 2019. Read More
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EU Market: EUAs close up 4% following strong auction

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. Read More
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Criticism builds ahead of key meet on Australia’s energy plan

Published 10:14 on November 23, 2017  /  Last updated at 21:21 on November 23, 2017  /  Asia Pacific, Australia  /  No Comments

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. Read More
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SK Market: Poor liquidity pushes Korean CO2 to fresh record highs

Published 11:07 on November 23, 2017  /  Last updated at 21:32 on November 23, 2017  /  Asia Pacific, South Korea  /  No Comments

South Korean carbon allowances rose another 3.7% on Thursday to hit an all-time high for a second consecutive day, as some observers said demand outweighs available supply by five-to-one. Read More
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Uniper hires ex-Vattenfall carbon trader

Published 21:10 on November 23, 2017  /  Last updated at 21:10 on November 23, 2017  /  Bavardage, EMEA, EU ETS  /  No Comments

German utility Uniper has hired a former Vattenfall carbon and energy trader. Read More
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California hands out 1 mln offsets, with most going to new forest projects

Published 20:55 on November 22, 2017  /  Last updated at 22:01 on November 22, 2017  /  Americas, Canada, US  /  No Comments

California issued more than 1 million offsets to six projects this week, according to Air Resources Board data, taking the total number awarded by the state above 86 million. Read More
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EU Market: EUAs ease after surging on EU nations’ ETS reform backing

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. Read More
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UK aims to keep domestic carbon price at current levels near £24/tonne until 2025

Published 15:41 on November 22, 2017  /  Last updated at 15:50 on November 22, 2017  /  Carbon Taxes, EMEA, EU ETS  /  No Comments

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. Read More
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EU envoys approve post-2020 ETS reform bill

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. Read More
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SK Market: Korean CO2 prices hit all-time high as buyer desperation persists

Published 11:44 on November 22, 2017  /  Last updated at 22:09 on November 22, 2017  /  Asia Pacific, South Korea  /  No Comments

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. Read More

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