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EU Parliament endorses EU’s 2030 non-ETS climate goals

Published 16:17 on April 17, 2018  /  Last updated at 19:31 on April 17, 2018  /  EMEA, EU ETS  /  No Comments

The full European Parliament on Tuesday gave its approval to two bills that extend to 2030 emissions goals for sectors outside the EU ETS, giving a select number of richer member states the option of cancelling some EUAs to help meet the their targets more easily.

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Stakeholders brace for more EU ETS changes as reforms seen falling short -report

Published 14:11 on April 17, 2018  /  Last updated at 15:12 on April 17, 2018  /  EMEA, EU ETS  /  No Comments

EU ETS stakeholders are expecting further changes to the carbon market as most believe recently-agreed reforms aren’t enough to meet the bloc’s long-term climate goals, a report found on Tuesday.

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EU Market: EUAs hit new 7-yr high above €14 as rally seen continuing

Published 19:22 on April 16, 2018  /  Last updated at 23:55 on April 16, 2018  /  EMEA, EU ETS  /  No Comments

EU carbon prices briefly climbed to a new seven-year high above €14 on Monday, gaining for the seventh consecutive session as observers pointed to further gains.

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Slovakian carbon allowance tax broke EU law, top court rules

Published 01:40 on April 14, 2018  /  Last updated at 01:40 on April 14, 2018  /  EMEA, EU ETS  /  No Comments

Slovakia broke EU law by imposing a tax on sold or unused EU carbon allowances, Europe’s top court has ruled, a verdict that could cost the government tens of millions of euros.

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EU Market: EUAs climb back to €14, notching a 7.3% weekly gain

Published 19:06 on April 13, 2018  /  Last updated at 23:06 on April 13, 2018  /  EMEA, EU ETS  /  No Comments

EU carbon prices ended higher for the sixth straight session on Friday, briefly climbing above €14 and near their seven-year high, though some warned weak auction demand may be foreshadowing a correction.

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IMO adopts deal to cut shipping emissions at least 50% by 2050

Published 15:49 on April 13, 2018  /  Last updated at 14:17 on April 19, 2018  /  Americas, Asia Pacific, Aviation, Climate Talks, EMEA, EU ETS, International, Shipping  /  No Comments

Governments at the International Maritime Organisation (IMO) on Friday adopted an initial strategy to address international shipping emissions, including setting a 2050 target to cut emissions by at least 50% under 2008 levels.

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EU Market: EUAs rebound to 2-wk high after early slip from weak auction

Published 12:32 on April 12, 2018  /  Last updated at 19:21 on April 12, 2018  /  EMEA, EU ETS  /  No Comments

EU carbon prices climbed to their highest for two weeks on Thursday in choppy trade, rebounding strongly after a weak auction result and despite analyst projections of a near-term correction.

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POLL: Analysts raise EUA price forecasts again, but see near-term correction to overheated market

Published 08:00 on April 12, 2018  /  Last updated at 08:35 on April 12, 2018  /  EMEA, EU ETS  /  No Comments

European carbon prices are expected to retreat somewhat by mid-year as the market corrects following the massive 60% rally posted in Q1, according to a poll of analysts.

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Finland opts for €100/tCO2 coal phase-out branded “cosmetic” by industry

Published 20:14 on April 11, 2018  /  Last updated at 20:14 on April 11, 2018  /  EMEA, EU ETS  /  No Comments

Finland’s government has opted to ban coal in energy production from 2029, a move that the power sector branded “cosmetic” for reducing a tiny amount of residual emissions for €100 per tonne of CO2.

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UPDATE- EU Market: EUAs lift as auction demand regains strength

Published 11:25 on April 11, 2018  /  Last updated at 20:42 on April 11, 2018  /  EMEA, EU ETS  /  No Comments

EUAs hit a one-week high on Wednesday as a stronger auction prolonged bullish momentum while traders played down prospects of a near-term correction.

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