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UK’s ‘no deal’ carbon tax unrelated to EU ETS though sector coverage unclear

Published 19:13 on October 16, 2018  /  Last updated at 10:36 on October 17, 2018  /  EMEA, EU ETS  /  No Comments

The UK’s carbon tax under a ‘no deal’ Brexit will not be related to the current EU ETS design, the government said Tuesday, confirming that while the levy’s sectoral coverage remains unclear, UK emitters would be unable to use surplus EUAs to comply with it.

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EU Market: EUAs plunge back towards €18 amid technical selling, Brexit fears

Published 20:16 on October 15, 2018  /  Last updated at 21:58 on October 15, 2018  /  EMEA, EU ETS  /  No Comments

EUAs gave back the gains of the previous two sessions on Monday, dropping back towards last week’s one-month low as a weak auction and Brexit developments dented bulls’ confidence.

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EU carbon prices to spike to €45 next year, €65 in 2020 -analysts

Published 19:05 on October 15, 2018  /  Last updated at 09:59 on October 16, 2018  /  EMEA, EU ETS  /  No Comments

European carbon prices will more than double to average €45 next year before climbing to around €65 in 2020.

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Wales, Scotland slam UK’s ‘cavalier, unacceptable’ EU ETS Brexit plan

Published 18:27 on October 15, 2018  /  Last updated at 23:29 on October 15, 2018  /  Carbon Taxes, EMEA, EU ETS  /  No Comments

The partly devolved Welsh and Scottish governments have expressed serious concerns over the UK government’s plans to exit the EU ETS and replace it with a carbon tax under a ‘no deal’ Brexit, calling the approach “cavalier” and “unacceptable”.

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UK asks advisers for guidance on timing for net zero emission goal

Published 08:49 on October 15, 2018  /  Last updated at 00:33 on October 16, 2018  /  EMEA, EU ETS  /  No Comments

The UK government on Monday gave its independent advisers six months to produce advice on when it should set a net zero emission goal, but was slammed by the opposition for not asking for views that would involve Britain deepening its short-term targets.

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UK to exit EU ETS under ‘no deal’ Brexit, government announces

Published 20:36 on October 12, 2018  /  Last updated at 22:42 on October 12, 2018  /  EMEA, EU ETS  /  No Comments

The UK will exit the EU carbon market in late March 2019 if Brexit negotiators fail to strike a divorce deal, the British government said in a notice late Friday, while also suggesting UK entities consider opening registry accounts on the continent to retain access to their emission unit holdings.

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EU Market: EUAs pull further away from 1-mth low to end week back above €20

Published 19:41 on October 12, 2018  /  Last updated at 19:41 on October 12, 2018  /  EMEA, EU ETS  /  No Comments

European carbon prices added 2.5% on Friday to finish the week back above €20 after plunging to a one-month low in the previous session.

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ANNOUNCEMENT: UK to exit EU ETS under ‘no deal’ Brexit, says govt

Published 17:34 on October 12, 2018  /  Last updated at 22:16 on October 12, 2018  /  Conversations, EMEA, EU ETS, Switzerland  /  No Comments

The UK will be excluded from participating in the EU ETS under a ‘no deal’ Brexit scenario, the government announced late on Friday.

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Poland to compensate for higher EU carbon prices, repeats call for ETS intervention

Published 17:21 on October 12, 2018  /  Last updated at 19:31 on October 12, 2018  /  EMEA, EU ETS  /  No Comments

The Polish government is preparing a plan to compensate industry and consumers for rising EUA prices, the country’s energy minister told local media, adding that he will again request that Brussels intervene in the market because the conditions for action have now been met.

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Netherlands’ proposed CO2 floor price to be ineffective until late 2020s -analysts

Published 15:31 on October 11, 2018  /  Last updated at 15:31 on October 11, 2018  /  Carbon Taxes, EMEA, EU ETS  /  No Comments

The Dutch government’s proposed carbon floor price won’t likely affect the country’s energy sector until the latter half of next decade due to rising EU Allowances, analysts predict.

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