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US Steel chops 2,500 jobs at Slovakia plant, blaming high EUA prices

Published 19:45 on July 20, 2019  /  Last updated at 20:30 on July 20, 2019  /  EMEA, EU ETS  /  No Comments

US Steel will lay off 2,500 workers at its large steel mill in Slovakia over the next two years, the company announced on Friday, blaming high EU carbon and power prices.

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Poland greenlights plan to compensate industry for indirect EU ETS costs

Published 20:41 on July 19, 2019  /  Last updated at 21:38 on July 19, 2019  /  EMEA, EU ETS  /  No Comments

Poland’s parliament passed a bill on Friday to compensate its EU ETS-covered industry for indirect carbon costs, making good on a government plan announced nine months earlier when carbon prices first surged towards €30.

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EU Market: EUAs rebound towards €29 as looming heatwave revives bulls

Published 18:37 on July 19, 2019  /  Last updated at 20:41 on July 19, 2019  /  EMEA, EU ETS  /  No Comments

European carbon prices emphatically rebounded from a six-day low on Friday’s bullish auction result and forecasts of an impending heatwave, with buyers also taking comfort from strong technical signals.

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Swiss energy-related CO2 emissions fall in 2018 despite stubborn transport output

Published 18:18 on July 19, 2019  /  Last updated at 20:23 on July 19, 2019  /  Carbon Taxes, EMEA, EU ETS, Switzerland  /  No Comments

Switzerland’s energy-related CO2 emissions continued falling in 2018, the government announced this week, though the decline was again mostly seen in the consumption of thermal fuels as transportation’s output was unchanged.

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Nordic utilities report jumps in ETS-covered output amid lower hydro

Published 13:12 on July 19, 2019  /  Last updated at 13:12 on July 19, 2019  /  EMEA, EU ETS  /  No Comments

Two Nordic utilities reported rises in EU ETS-covered output over the first half of 2019 as their thermal facilities ramped up to cover lower hydro generation, though they said fossil-based production may ease for the rest of the year as reservoirs have since filled.

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Norway and Suriname to explore carbon credits for preventing deforestation -report

Published 10:24 on July 19, 2019  /  Last updated at 10:29 on July 19, 2019  /  Africa, Americas, Asia Pacific, Aviation, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, South & Central, Voluntary Market  /  No Comments

Norway and Suriname are said to be exploring an arrangement where the South American country would earn carbon credits for keeping its tropical forest intact, according to a local news report.

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EU Market: EUAs fall 2.4% on another weak auction, softer energy

Published 21:24 on July 18, 2019  /  Last updated at 22:27 on July 18, 2019  /  EMEA, EU ETS  /  No Comments

European carbon allowances fell on Thursday on another weak auction and a softer energy complex, before crashing through technical supports to close under €28 and give back much of their recent gains.

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UK considers transport offsetting as developers eye domestic carbon market

Published 18:25 on July 18, 2019  /  Last updated at 18:25 on July 18, 2019  /  Aviation, EMEA, Kyoto Mechanisms, New Market Mechanisms, Voluntary Market  /  No Comments

The UK has launched a consultation looking into mandating all transport providers to offer passengers the chance to offset their journeys over land, air, and sea to help bring down the sector’s carbon emissions.

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Mega-bullish or long-shot: Experts mixed over EU ETS impact of von der Leyen pledges

Published 05:00 on July 18, 2019  /  Last updated at 23:47 on July 17, 2019  /  EMEA, EU ETS  /  No Comments

Experts are mixed over the impact of new European Commission President Ursula von der Leyen’s climate pledges and EU ETS reform plan, with views of her strategy ranging from “mega-bullish” to “vague long-shot”.

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Latest

EU Market: EUAs recover to end steady after buyers protect €28 handle

Published 17:32 on July 17, 2019  /  Last updated at 21:49 on July 17, 2019  /  EMEA, EU ETS  /  No Comments

EUAs fell to a three-day low before climbing back into positive territory on Wednesday, halting their slide from an 11-year high earlier this week as buyers emerged following this morning’s bumper auction.

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