COP-22: Nations get two years to firm up Paris Agreement rulebook
UN climate negotiations ended in Marrakech in the early hours of Saturday morning with agreement on setting a two-year process to write the rulebook underpinning the Paris Agreement.
Read MoreUN climate talks get late jolt as nearly 50 poor nations raise the stakes
Nearly 50 of the poorest nations made a joint pledge on Friday to update their national climate plans before 2020 and aim for 100% renewables by 2050, putting pressure on major economies to ratchet up their Paris Agreement contributions at the earliest opportunity.
Read MoreEU Market: EUAs hand back previous day’s gains to notch 1.6% weekly decline
European carbon prices fell on Friday to give back almost all of Thursday’s 6% gains due to a weak auction result and falling coal, notching a 1.6% weekly loss.
Read MoreMEPs to tackle EU ETS reforms in ‘one big thump’ -Duncan
Lawmakers in the EU Parliament’s environment committee have abandoned their piecemeal approach to post-2020 ETS revision and are aiming to thrash out one big compromise ahead of a crunch vote next month, according to Ian Duncan, the UK MEP steering the file through the assembly.
Read MoreEU Market: EUAs surge 6% on assortment of bullish factors
European carbon prices jumped by more than 6% on Thursday, buoyed by short-covering, a strong auction result and gains posted across wider energy and financial markets.
Read MoreFiji, Poland tapped as next COP hosts
Fiji will chair next year’s UN climate summit in the German city of Bonn while Poland has proposed to once again host the talks in 2018, sources told Carbon Pulse.
Read MoreEU and China plan meeting to forge closer carbon market ties worldwide
The EU and China will convene a meeting of carbon market nations in the first half of 2018 with the aim of advancing work on linking emissions trading systems.
Read MoreEnd of the line for elusive carbon fraudster
Swiss police on Tuesday arrested a carbon fraudster that had been on the run from French authorities since July.
Read MoreEconomists Stiglitz, Stern to chair high-level carbon pricing commission
Renowned economists Joseph Stiglitz and Nicholas Stern will chair a new high-level commission tasked with examining how to use carbon pricing to meet the emissions reduction pledges under the Paris Agreement and identifying the social and economic benefits of such an approach.
Read MoreEU Market: EUAs back on downward path as energy complex falters
EU carbon resumed its downward trajectory on Wednesday as big drops in coal and power prices continued to pressure the market.
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