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EU Market: EUAs soar 10% as German election spurs European energy complex higher

Published 19:09 on September 25, 2017  /  Last updated at 23:08 on September 25, 2017  /  EMEA, EU ETS  /  No Comments

European carbon prices jumped more than 10% on massive volume of over 85 million tonnes traded on Monday, as bullish sentiment from yesterday’s German auction result and comments from major oil producers today lifted the entire energy complex. Read More
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RGGI issues first ever offsets as states narrow opportunities

Published 21:20 on September 25, 2017  /  Last updated at 00:47 on September 26, 2017  /  Americas, US  /  No Comments

The first ever carbon offsets were issued under the US’ RGGI programme last Friday, just as participating states are starting to back away from using the credits as a compliance option in the regional cap-and-trade scheme. Read More
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‘EU ETS alone can’t drive out coal’, says EC official - media

Published 23:04 on September 25, 2017  /  Last updated at 23:04 on September 25, 2017  /  EMEA, EU ETS  /  No Comments

EU carbon allowance prices will never reach the point where they alone will deter coal use among utilities and industry, Recharge News reported on Monday, quoting an anonymous European Commission energy department official. Read More
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Power sector balks at EU plans to wean it off coal

Published 17:18 on September 25, 2017  /  Last updated at 17:18 on September 25, 2017  /  EMEA, EU ETS  /  No Comments

European power industry association Eurelectric has warned that a planned emission limit on capacity payments in post-2020 electricity market reforms will divert €20 billion in clean energy investment by forcing utilities to dash for gas. Read More
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Weakened Merkel faces uneasy coalition talks, with coal likely high on the agenda

Published 22:10 on September 24, 2017  /  Last updated at 19:01 on September 25, 2017  /  EMEA, EU ETS  /  No Comments

German Chancellor Angela Merkel won an expected fourth term in office on Sunday but faces building a new three-way coalition that could under some scenarios lead to accelerated climate action in the EU's top emitting country. Read More
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NZ's ruling National Party takes most votes in election stalemate, dashing hopes of radical ETS reform

Published 20:10 on September 23, 2017  /  Last updated at 09:56 on September 25, 2017  /  Asia Pacific, New Zealand  /  No Comments

New Zealand’s parliamentary election ended in stalemate on Saturday, with the ruling National Party taking 46% of votes to top Labour and kill their plan to radically reform the country’s carbon market. Read More
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UK-based Numerco hires carbon analyst turned trader

Published 17:50 on September 25, 2017  /  Last updated at 17:50 on September 25, 2017  /  Americas, EMEA, EU ETS, US  /  No Comments

Commodity trading house Numerco has hired a former carbon analyst to join its London office as an energy trader. Read More
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China carbon veteran joins Shenwu’s emissions arm

Published 23:11 on September 25, 2017  /  Last updated at 23:11 on September 25, 2017  /  China, China's National ETS, China's Offset Market, China's Pilot Markets  /  No Comments

A veteran Chinese emissions trader has joined the carbon arm of an environmental technological company with a strong base in Chinese steel and non-ferrous metal sectors. Read More
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British PM May calls for extra two years to work out EU divorce, reducing risk of hard ETS exit before 2020

Published 16:19 on September 22, 2017  /  Last updated at 16:19 on September 22, 2017  /  EMEA, EU ETS  /  No Comments

British Prime Minister Theresa May on Friday called for a two-year implementation period to smooth the country’s exit from the EU, intending to keep market access under existing rules out to 2021 while reducing the odds that the UK would crash out of the bloc's ETS. Read More
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Ontario inks cap-and-trade link deal with California and Quebec

Published 15:20 on September 22, 2017  /  Last updated at 22:19 on September 22, 2017  /  Americas, Canada, US  /  No Comments

Ontario on Friday signed an agreement with Quebec and California to link their cap-and-trade schemes under the WCI programme starting in Jan. 2018. Read More

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