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EU Market: EUAs soar 10% as German election spurs European energy complex higher
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 MoreTop
RGGI issues first ever offsets as states narrow opportunities
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 MoreTop
‘EU ETS alone can’t drive out coal’, says EC official - media
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 MoreTop
Power sector balks at EU plans to wean it off coal
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 MoreTop
Weakened Merkel faces uneasy coalition talks, with coal likely high on the agenda
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 MoreTop
NZ's ruling National Party takes most votes in election stalemate, dashing hopes of radical ETS reform
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 MoreTop
UK-based Numerco hires carbon analyst turned trader
Commodity trading house Numerco has hired a former carbon analyst to join its London office as an energy trader. Read MoreTop
China carbon veteran joins Shenwu’s emissions arm
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 MoreTop
British PM May calls for extra two years to work out EU divorce, reducing risk of hard ETS exit before 2020
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 MoreTop