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British Steel seeking emergency £100m loan for EU ETS compliance -Sky

Published 14:34 on April 13, 2019  /  Last updated at 15:39 on April 13, 2019  /  EMEA, EU ETS  /  No Comments

British Steel is seeking an emergency £100 million government loan to help it buy carbon allowances, Sky News reports, confirming earlier reports that the company was struggling to comply with the EU ETS due to Brexit-related restrictions.

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EU eyes step-by-step support for industry in €10 bln Innovation Fund

Published 21:23 on April 12, 2019  /  Last updated at 21:24 on April 12, 2019  /  EMEA, EU ETS  /  No Comments

The EU’s new Innovation Fund aims to hold its first funding call in the second half of 2020 and give extended support to projects aiming to cut emissions among heavy industries, a conference heard this week.

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EU Market: EUAs slip from new 11-year high but notch 8% weekly gain

Published 20:24 on April 12, 2019  /  Last updated at 22:24 on April 12, 2019  /  EMEA, EU ETS  /  No Comments

European carbon prices fell on Friday after hitting a fresh 11-year high earlier in the day, pausing a rally that had added as much as 30% to EUAs since the end of March.

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EU states dole out another 62 mln free EUAs, bringing 2019 completion rate to near 80%

Published 19:13 on April 12, 2019  /  Last updated at 20:15 on April 12, 2019  /  EMEA, EU ETS  /  No Comments

A handful of EU member states doled out another 61.7 million free carbon allowances in the past two weeks, with laggards Italy and Spain making big steps towards completing their 2019 allocations.

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UK aligns 2018 ETS compliance deadline with EU after Brexit delay

Published 18:07 on April 12, 2019  /  Last updated at 20:35 on April 12, 2019  /  EMEA, EU ETS  /  No Comments

The UK government has aligned the country’s 2018 EU ETS compliance deadline with that of the rest of the bloc after the Brexit deadline was pushed back by six months.

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Miner Rio Tinto puts industry associations on climate notice

Published 09:26 on April 12, 2019  /  Last updated at 23:20 on April 12, 2019  /  Americas, Asia Pacific, Australia, EMEA  /  No Comments

Mining major Rio Tinto has threatened to end its membership in any industry organisations that lobby against or try to undermine the goals of the Paris Agreement.

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EUAs could fall below €10 if nations don’t cancel to match coal phaseouts -ICIS

Published 23:42 on April 11, 2019  /  Last updated at 12:04 on April 15, 2019  /  EMEA, EU ETS  /  No Comments

EUAs are on track to peak just shy of €40 in four years, but they could fall far short of that and even drop below €10 by 2030 if member states aggressively phase out coal power without cancelling carbon allowances to offset the impact, an ICIS analyst said on Thursday.

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EU Market: EU carbon prices storm to new 11-year high above €27

Published 21:26 on April 11, 2019  /  Last updated at 02:28 on April 12, 2019  /  EMEA, EU ETS  /  No Comments

European carbon stormed to a fresh 11-year high on Thursday as buyers pushed them above €27 amid rising gas and coal, though some experts said that after rallying almost 30% since the end of March, EUAs could now be due a large correction.

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UK launches tenders to replace emissions trading infrastructure post-Brexit

Published 13:48 on April 11, 2019  /  Last updated at 14:18 on April 11, 2019  /  EMEA, EU ETS  /  No Comments

The UK is pushing ahead with plans to develop its own emissions trading scheme to implement after it leaves the EU, despite the ongoing impasse in Brexit negotiations, though it appears to have fallen slightly behind schedule.

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EU Market: EUAs hit 11-yr high on gas, Brexit as UK deadline extended to Oct. 31

Published 23:58 on April 10, 2019  /  Last updated at 01:44 on April 12, 2019  /  EMEA, EU ETS  /  No Comments

European carbon prices shot to their highest in almost 11 years on Wednesday, as speculative buying was fuelled by rising gas prices and indications that Brexit was poised for a longer extension.

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