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UK’s easyJet becomes first major airline to offset all flight emissions

Published 21:13 on November 19, 2019  /  Last updated at 21:33 on November 19, 2019  /  Aviation, EMEA, EU ETS, International, REDD, Switzerland, Voluntary Market  /  No Comments

Low-cost carrier easyJet will become the first airline to offset the fuel emissions from all of its flights, it announced Tuesday as part of its annual results.

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EU Market: EUAs sink to 6-week low below technical support

Published 03:20 on November 18, 2019  /  Last updated at 07:13 on November 18, 2019  /  EMEA, EU ETS  /  No Comments

EUAs hit a six-week low on Monday, extending Friday’s bottom trade as weak energy markets helped push carbon below a key support level despite a stronger auction.

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Decarbonisation of EU building stock needs Green Deal, not ETS -trade group

Published 02:23 on November 18, 2019  /  Last updated at 02:23 on November 18, 2019  /  EMEA, EU ETS  /  No Comments

The EU’s buildings sector will be more quickly and effectively decarbonised under a European Green Deal than through inclusion in the bloc’s ETS, according to a trade group.

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Swiss carbon prices soar 150% in latest auction, as EU link draws closer

Published 22:12 on November 18, 2019  /  Last updated at 22:59 on November 18, 2019  /  Carbon Taxes, EMEA, EU ETS, Switzerland  /  No Comments

Swiss carbon prices have soared by 150% in the country’s latest allowance auction, with values finally starting to converge with EU prices as the two markets near linkage.

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ANALYSIS: Experts divided on CORSIA aviation offset supply estimates, with CDM renewal risk in focus

Published 05:18 on November 15, 2019  /  Last updated at 05:18 on November 15, 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, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

Experts are differing greatly on the potential supply of eligible carbon credits that could be available under ICAO’s global aviation offset scheme, and specifically on the amount of available CDM units, which are poised to play a key role.

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Shipping groups suggest fuel levy idea as EU measures loom larger

Published 05:11 on November 15, 2019  /  Last updated at 05:14 on November 15, 2019  /  Climate Talks, EMEA, EU ETS, International, Shipping  /  No Comments

Industry associations have suggested charging ships a $2/tonne fuel tax, in one of several measures discussed at the UN’s maritime body IMO this week as the sector strives to avoid regulation under the EU ETS.

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EU Market: EUAs bounce off fresh 1-month low but still post 4% weekly loss

Published 02:50 on November 15, 2019  /  Last updated at 05:30 on November 15, 2019  /  EMEA, EU ETS  /  No Comments

EUAs extended their one-month low on Friday but bounced off a key technical support to claw back towards €24, aided by resurgent energy markets.

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European Investment Bank signals end to fossil fuel lending by 2021

Published 07:36 on November 14, 2019  /  Last updated at 23:12 on November 15, 2019  /  EMEA, EU ETS  /  No Comments

The EU-owned European Investment Bank (EIB) will stop lending money to unabated fossil fuel projects at the end of 2021, it said late on Thursday, as green groups welcomed the move despite loopholes that give limited potential to sidestep the measure.

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EU Market: EUAs slide to new 1-mth low as technical, bearish pressures mount

Published 04:19 on November 14, 2019  /  Last updated at 04:37 on November 14, 2019  /  EMEA, EU ETS  /  No Comments

European carbon prices dropped to a new one-month low on Thursday, on what traders called a mix of technical selling and bearish pressures.

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Utility RWE advances hedging as thermal output declines accelerate

Published 16:49 on November 14, 2019  /  Last updated at 06:01 on November 14, 2019  /  EMEA, EU ETS  /  No Comments

Europe’s biggest emitter RWE advanced its hedging rate over Q3 to result in a slightly more covered position compared to previous years amid accelerating declines of its thermal generation, it said in financial results on Thursday.

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