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Italy’s Enel extends voluntary GHG goal for global operations

Published 17:52 on September 18, 2019  /  Last updated at 21:51 on September 18, 2019  /  EMEA, EU ETS, Voluntary Market  /  No Comments

Italy-based utility Enel aims to cut its emissions intensity by 70% under 2017 levels by 2030, it said on Wednesday, extending a company-wide target as one of a handful of firms to set an independently verified goal aligned with the 1.5C Paris Agreement global warming limit.

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UPDATE – More stakeholders weigh in ahead of German climate plan announcement

Published 17:52 on September 18, 2019  /  Last updated at 22:21 on September 18, 2019  /  Carbon Taxes, EMEA, EU ETS  /  No Comments

The German government will on Friday unveil its comprehensive new climate plan, which is said to centre around a domestic emissions trading scheme for the country’s transportation and heating sectors.

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EU Market: EUAs slide for second day as EDF dismisses nuke closure fears

Published 17:44 on September 18, 2019  /  Last updated at 18:26 on September 18, 2019  /  EMEA, EU ETS  /  No Comments

EUAs posted big losses for a second straight day on Wednesday, as much of the energy market declined when France’s EDF said there was no need to close any of its nuclear reactors after it last week flagged the discovery of faulty components.

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EU Market: EUA prices dented by reports of quick Saudi oil output recovery

Published 17:47 on September 17, 2019  /  Last updated at 09:55 on September 18, 2019  /  EMEA, EU ETS  /  No Comments

European carbon prices fell to a one-week low on Tuesday, giving back all of the previous day’s gains as oil prices dropped on reports that a Saudi production outage would be shorter than expected.

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EU Market: EUAs climb back above €27 after riding oil price spike

Published 18:45 on September 16, 2019  /  Last updated at 20:04 on September 16, 2019  /  EMEA, EU ETS  /  No Comments

EUAs surged by almost a euro in reaction to a massive spike in oil prices early on Monday, managing to end above €27 for the first time in a month.

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UK to get free pass on 2019 EU ETS compliance with January Brexit date -expert

Published 18:23 on September 13, 2019  /  Last updated at 18:23 on September 13, 2019  /  EMEA, EU ETS  /  No Comments

A delay of the Brexit deadline to Jan. 31, 2020 will not translate into UK emitters having EU ETS compliance obligations for 2019, according to an expert familiar with the British government’s post-EU preparations.

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EU Market: EUAs give up early gains but still notch 5% weekly rise

Published 18:10 on September 13, 2019  /  Last updated at 18:46 on September 13, 2019  /  EMEA, EU ETS  /  No Comments

EUAs gave back early gains on Friday as investors lowered their expectations of a no-deal Brexit but still hung on for a 5% weekly rise on a bullish energy complex.

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Dutch Supreme Court advisors support higher GHG target ruling

Published 12:08 on September 13, 2019  /  Last updated at 12:17 on September 13, 2019  /  Aviation, Carbon Taxes, EMEA, EU ETS, International  /  No Comments

Advisors to the Dutch Supreme Court on Friday recommended that a judicial ruling ordering the country’s government to set a deeper emissions reduction target be upheld, in a move that could help establish a global precedent in forcing states to act to prevent climate change.

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Merkel’s Union parties to propose German carbon market for non-EU ETS sectors

Published 21:59 on September 12, 2019  /  Last updated at 10:13 on September 13, 2019  /  Carbon Taxes, EMEA, EU ETS  /  No Comments

Germany’s ruling CDU/CSU parties will next week propose a comprehensive national climate package centred around an emissions trading scheme for transportation and buildings, which recycles revenue back to consumers and companies and features allowance price controls.

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Switzerland aims to sign up 20 ITMO activities by next year

Published 19:25 on September 12, 2019  /  Last updated at 00:24 on September 13, 2019  /  Africa, Americas, Climate Talks, EMEA, International, New Market Mechanisms, South & Central, Switzerland  /  No Comments

Switzerland’s carbon credit procurement agency Klik aims to select 20 GHG-reducing activities by the middle of next year, with three confirmed Paris Agreement emission trade initiatives serving as insight into what the country is seeking.

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