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Global carbon pricing revenues up 45% in 2017 as spending choices differ -report

Published 11:42 on April 19, 2018  /  Last updated at 11:42 on April 19, 2018  /  Americas, Asia Pacific, EMEA, International  /  No Comments

Revenues raised from carbon pricing policies rose 45% last year to $32 billion, with most coming from taxes rather than trading and no clear trend emerging on where the money is spent, a report found on Thursday.

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EU Market: EUAs rise as buyers step in ahead of compliance deadline

Published 19:44 on April 18, 2018  /  Last updated at 21:52 on April 18, 2018  /  EMEA, EU ETS  /  No Comments

EU carbon prices resumed their upward trajectory on Wednesday despite another weak auction, as traders said buyers were looking to square their positions ahead of the annual compliance deadline.

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Role of ETS in question as EU gears up to revamp long term climate strategy

Published 18:47 on April 18, 2018  /  Last updated at 23:29 on April 18, 2018  /  EMEA, EU ETS  /  No Comments

The role of the ETS in meeting the EU’s long-term climate goals is being called into question all across Europe as Brussels prepares to revamp its strategy underpinning the targets.

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EU Market: EUAs sink back below €14 as energy prices drop

Published 18:06 on April 17, 2018  /  Last updated at 19:17 on April 17, 2018  /  EMEA, EU ETS  /  No Comments

European carbon prices ended a run of seven straight days of gains on Tuesday, slipping back from the previous session’s seven-year peak as key energy prices also took a tumble.

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EU Parliament endorses EU’s 2030 non-ETS climate goals

Published 16:17 on April 17, 2018  /  Last updated at 19:31 on April 17, 2018  /  EMEA, EU ETS  /  No Comments

The full European Parliament on Tuesday gave its approval to two bills that extend to 2030 emissions goals for sectors outside the EU ETS, giving a select number of richer member states the option of cancelling some EUAs to help meet the their targets more easily.

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Stakeholders brace for more EU ETS changes as reforms seen falling short -report

Published 14:11 on April 17, 2018  /  Last updated at 15:12 on April 17, 2018  /  EMEA, EU ETS  /  No Comments

EU ETS stakeholders are expecting further changes to the carbon market as most believe recently-agreed reforms aren’t enough to meet the bloc’s long-term climate goals, a report found on Tuesday.

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EU Market: EUAs hit new 7-yr high above €14 as rally seen continuing

Published 19:22 on April 16, 2018  /  Last updated at 23:55 on April 16, 2018  /  EMEA, EU ETS  /  No Comments

EU carbon prices briefly climbed to a new seven-year high above €14 on Monday, gaining for the seventh consecutive session as observers pointed to further gains.

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Slovakian carbon allowance tax broke EU law, top court rules

Published 01:40 on April 14, 2018  /  Last updated at 01:40 on April 14, 2018  /  EMEA, EU ETS  /  No Comments

Slovakia broke EU law by imposing a tax on sold or unused EU carbon allowances, Europe’s top court has ruled, a verdict that could cost the government tens of millions of euros.

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EU Market: EUAs climb back to €14, notching a 7.3% weekly gain

Published 19:06 on April 13, 2018  /  Last updated at 23:06 on April 13, 2018  /  EMEA, EU ETS  /  No Comments

EU carbon prices ended higher for the sixth straight session on Friday, briefly climbing above €14 and near their seven-year high, though some warned weak auction demand may be foreshadowing a correction.

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IMO adopts deal to cut shipping emissions at least 50% by 2050

Published 15:49 on April 13, 2018  /  Last updated at 09:26 on April 16, 2018  /  Americas, Asia Pacific, Aviation, Climate Talks, EMEA, International, Shipping  /  No Comments

Governments at the International Maritime Organisation (IMO) on Friday adopted an initial strategy to address international shipping emissions, including setting a 2050 target to cut emissions by at least 50% under 2008 levels.

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