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UPDATE – Germany to enshrine EU carbon permit cancellations in coal phaseout law -official

Published 12:09 on December 9, 2019  /  Last updated at 08:47 on December 10, 2019  /  EMEA, EU ETS  /  No Comments

Germany will cancel a yet-to-be-determined number of EU carbon allowances to offset the impact of its coal phaseout, the government confirmed on Monday, allaying concerns that Europe’s top emitter could flood the market with unused permits.

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Luxembourg latest European nation to introduce carbon tax on fossil fuels

Published 15:25 on December 7, 2019  /  Last updated at 13:34 on December 9, 2019  /  Carbon Taxes, EMEA, EU ETS  /  No Comments

Luxembourg will introduce a domestic tax on fossil fuels to help meet its climate targets, the government announced Friday, making the landlocked microstate the latest European nation to implement carbon pricing beyond the reach of the EU ETS.

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COP25: Major powers show signs of compromise on Article 6 -sources

Published 18:48 on December 6, 2019  /  Last updated at 05:17 on December 7, 2019  /  Aviation/CORSIA, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Switzerland, Voluntary Market  /  No Comments

Major powers were showing signs of compromise on negotiating the international emissions trade rulebook under the Paris Agreement’s Article 6 on Friday, boosting prospects that a deal can be reached by the end of next week as UN talks near their halfway point.

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EU Market: EUAs pulled back towards €25 magnet to post 1.1% weekly loss

Published 18:35 on December 6, 2019  /  Last updated at 18:35 on December 6, 2019  /  EMEA, EU ETS  /  No Comments

European carbon prices edged up on Friday to stick near €25, with technical buying offsetting weaker fundamentals to notch a 1.1% weekly loss.

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Low-cost EU airline emissions tumble in November as holiday travel season ends

Published 12:58 on December 6, 2019  /  Last updated at 12:58 on December 6, 2019  /  Aviation/CORSIA, EMEA, EU ETS, International  /  No Comments

Two of Europe’s biggest low-cost airlines posted a third straight month-on-month decline in their carbon emissions in November as flight travel in Europe decreased with the arrival of colder weather.

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EU Market: EUAs recover after finding support on way down to €24

Published 19:52 on December 5, 2019  /  Last updated at 23:13 on December 5, 2019  /  EMEA, EU ETS  /  No Comments

EUAs recovered from a midday dive towards €24 on Thursday, with buyers stepping in at levels that have consistently found support over the past two weeks.

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EU Market: EUAs rebound back towards €25 on stronger auction, energy

Published 19:25 on December 4, 2019  /  Last updated at 22:56 on December 4, 2019  /  EMEA, EU ETS  /  No Comments

EUAs rose sharply on Wednesday on a much stronger auction result and a pause in energy market losses.

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EU Market: EUAs slump to two-week low as energy complex tumbles

Published 20:16 on December 3, 2019  /  Last updated at 21:34 on December 3, 2019  /  EMEA, EU ETS  /  No Comments

EUAs slumped to a two-week low below €24 on Tuesday as the energy complex continued to weaken, with key contracts hitting their lowest for years amid milder weather and ample supply.

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COMMENT: What critics of a European ‘carbon border tax’ are missing

Published 20:07 on December 3, 2019  /  Last updated at 20:36 on December 3, 2019  /  Carbon Taxes, China, Climate Talks, Dialogue, EMEA, EU ETS, International, US, Views  /  No Comments

Opinions abound on a controversial new policy announced by new European Commission President von der Leyen: the ‘carbon border tax’. Yet many commentators limit themselves to repeating decade-old and often irrelevant arguments, overlooking the actual challenges such a measure will face.

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Spain’s Repsol to consider forestry offsets for net zero emissions pledge

Published 13:03 on December 3, 2019  /  Last updated at 23:58 on December 3, 2019  /  Climate Talks, EMEA, EU ETS, International, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

Fossil fuel company Repsol may purchase nature-based credits in pursuit of its 2050 net zero goal announced Monday, coming as part of a broader suite of interim CO2 intensity targets, internal carbon pricing updates, and renewable energy commitments.

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