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EU Market: EUAs jump 6% to above €21 after failed auction

Published 19:43 on September 19, 2018  /  Last updated at 22:16 on September 19, 2018  /  EMEA, EU ETS  /  No Comments

European carbon prices climbed 6% on Wednesday, shooting back above €21 after another UK auction failed as the market continued to experience high volatility.

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Business lobby wary of backing a deeper 2030 EU emission goal

Published 17:07 on September 19, 2018  /  Last updated at 18:02 on September 19, 2018  /  EMEA, EU ETS  /  No Comments

EU trade association BusinessEurope said Wednesday it is wary about supporting an increase to the bloc’s overall 2030 emissions target, even though agreed policies put the bloc on track to outpace the current goal.

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UPDATE – UK auction fails for third time this year on weak demand

Published 10:22 on September 19, 2018  /  Last updated at 12:42 on September 19, 2018  /  EMEA, EU ETS  /  No Comments

The UK’s spot EUA auction failed on Wednesday, marking the third time this year that an ICE-hosted sale has been cancelled due to weak demand.

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EU Market: EUAs hold above €20 after weak auction

Published 19:09 on September 18, 2018  /  Last updated at 00:26 on September 19, 2018  /  EMEA, EU ETS  /  No Comments

European carbon prices gave back most of Monday’s near-5% gains on Tuesday as a weak auction result weighed, but EUAs still managed to close above €20.

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Few countries are pricing carbon high enough to meet Paris Agreement targets -OECD

Published 16:43 on September 18, 2018  /  Last updated at 01:43 on September 19, 2018  /  Americas, Asia Pacific, Climate Talks, EMEA, EU ETS, International  /  No Comments

Governments need to raise carbon prices much faster if they are to meet their commitments on cutting emissions and slowing the pace of climate change under the Paris Agreement, according to a report released by the OECD on Tuesday.

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EU Market: EUAs jolt towards €21 as prices continue recovery from massive sell-off

Published 22:37 on September 17, 2018  /  Last updated at 22:37 on September 17, 2018  /  EMEA, EU ETS  /  No Comments

EU carbon prices climbed almost 5% on Monday, rising by almost a euro following a strong auction in another choppy session in the wake of last week’s massive swing of almost €8.

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Higher EUA price to induce German coal phase-out, but risks abound in determining end date -analysts

Published 05:59 on September 17, 2018  /  Last updated at 05:59 on September 17, 2018  /  EMEA, EU ETS  /  No Comments

Higher EU carbon prices will set Germany’s coal power phase-out in motion, but the country risks inducing power price spikes in determining an end-date for the fuel’s use, analysts said on Monday.

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EU Market: EUAs jump back to €20 in volatile trade after massive rout

Published 14:18 on September 14, 2018  /  Last updated at 07:27 on September 15, 2018  /  EMEA, EU ETS  /  No Comments

EUAs surged back to near €20 on Friday, bouncing off technical support levels in a very choppy session after early losses had initially extended Thursday’s 18% rout to dip below €18.

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EU carbon price spike linked to massive losses for Nordic power trader, energy exchange

Published 23:40 on September 13, 2018  /  Last updated at 09:29 on September 14, 2018  /  Bavardage, EMEA, EU ETS  /  No Comments

The recent spike in EU carbon prices has been tied to a massive loss booked by a major Nordic power market trader that has likely bankrupted him and cost energy exchange Nasdaq and its members over €100 million.

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GCAS: California, EU to collaborate on markets, look for alignments

Published 21:25 on September 13, 2018  /  Last updated at 02:01 on September 14, 2018  /  Americas, EU ETS, US  /  No Comments

California and EU officials will increase collaboration to improve their existing carbon markets, while also examining potential avenues for aligning policies between the programmes, the parties announced at the Global Climate Action Summit (GCAS) in San Francisco on Thursday.

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