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Ireland outlines path to raise carbon tax to €80/tonne by 2030

Published 00:18 on October 9, 2019  /  Last updated at 00:49 on October 9, 2019  /  Carbon Taxes, EMEA, EU ETS  /  No Comments

Ireland’s centre-right government on Tuesday released its 2020 budget, which includes an annual increase in the country’s carbon tax to help fund decarbonisation efforts.

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EU likely to float 2030 emissions goal of at least 55%, says incoming Brussels climate boss

Published 22:02 on October 8, 2019  /  Last updated at 11:00 on October 9, 2019  /  EMEA, EU ETS  /  No Comments

Brussels’ incoming climate boss said he would be “extremely surprised” if the EU doesn’t move towards raising its 2030 emissions reduction target to at least 55% below 1990 levels, though such a proposal will not come within the new Commission’s first 100 days in office.

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EU Market: EUAs slump to new six-month low as Brexit, trade clashes weigh

Published 18:24 on October 8, 2019  /  Last updated at 23:01 on October 8, 2019  /  EMEA, EU ETS  /  No Comments

EUAs sank below €23 on Tuesday to extend a six-month low for the third straight session as pessimism over Brexit and US-China trade talks took hold.

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London-based carbon investment firm assembles expert team ahead of fund launch

Published 15:35 on October 8, 2019  /  Last updated at 15:37 on October 8, 2019  /  Americas, Asia Pacific, Bavardage, Canada, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, New Zealand, REDD, RINs & LCFS, South Korea, Switzerland, US, Voluntary Market  /  No Comments

A London-based investment management firm has appointed a cast of carbon trading industry veterans as staff and advisors as it prepares to launch a global environmental markets fund.

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EU Market: EUAs rebound 2% after hitting fresh 6-month low

Published 18:52 on October 7, 2019  /  Last updated at 22:12 on October 7, 2019  /  EMEA, EU ETS  /  No Comments

EUAs rebounded from a fresh six-month low on Monday as trader said short-covering and a resurgent energy complex halted carbon’s recent rout.

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Low-cost EU airline emissions dive in September

Published 17:37 on October 7, 2019  /  Last updated at 17:37 on October 7, 2019  /  Aviation, Carbon Taxes, EMEA, EU ETS, International  /  No Comments

Two of Europe’s biggest low-cost airlines posted a month-on-month decline in their carbon emissions in September.

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ICAO moves toward long-term GHG goal, CORSIA launch despite opposition from 25 nations

Published 23:44 on October 4, 2019  /  Last updated at 20:23 on October 7, 2019  /  Africa, Americas, Asia Pacific, Australia, Aviation, Canada, China, China's Offset Market, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, RINs & LCFS, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

ICAO’s Assembly on Friday backed the progression of work on setting a long-term emissions target for aviation and to advance the UN body’s CORSIA global offsetting mechanism towards operationalisation, though a fifth of the countries in attendance voted against the two resolutions in a surprise secret ballot.

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Observers expect EU to work backwards on ramping up climate ambition

Published 22:08 on October 4, 2019  /  Last updated at 00:35 on October 5, 2019  /  EMEA, EU ETS  /  No Comments

A fast-track EU climate bill will propose a net zero 2050 emission goal early next year but is expected to omit any ramping up of the 2030 target, observers said Friday.

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EU Market: EUAs extend losses to hit new 6-month low, notch 9.3% weekly drop

Published 19:23 on October 4, 2019  /  Last updated at 21:04 on October 4, 2019  /  EMEA, EU ETS  /  No Comments

European carbon prices dropped for a third day to hit a fresh six-month low on Friday, testing another major technical support as technical sellers and bearish factors continued to weigh.

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Norway to release forestry cash to Guyana after renewable energy commitment

Published 11:30 on October 4, 2019  /  Last updated at 11:30 on October 4, 2019  /  Americas, EMEA, International, REDD, South & Central  /  No Comments

Norway has agreed to release the final $50 million of its forestry protection payments to Guyana after the South American nation agreed to increase its renewable energy use.

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