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RBS fraud lawsuit: Former trader says initial rise in spot EUA volume not suspicious

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

A sharp rise in EUA spot trading in early 2009 was initially thought to be more likely due to a natural maturing of the carbon market rather than tax fraud, according to a former trader at UK bank RBS on Tuesday during a trial over a £160 million ($212 mln) lawsuit.

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EU Market: Late selling knocks EUAs to fresh 1-mth low, as traders eye options expiry

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

European carbon prices fell to a new one-month low on Tuesday as late selling wiped out earlier gains prompted by the day’s bullish auction.

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Bulgarian power plant inks €79m EU carbon allowance deal with Statkraft Markets

Published 16:26 on June 19, 2018  /  Last updated at 16:26 on June 19, 2018  /  EMEA, EU ETS  /  No Comments

The Bulgarian unit of US-based power company ContourGlobal has inked a €78.6 mln deal to buy EU carbon allowances from Germany’s Statkraft Markets.

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UK may not need new policies upon EU ETS exit, emitters suggest

Published 18:30 on June 18, 2018  /  Last updated at 18:30 on June 18, 2018  /  EMEA, EU ETS  /  No Comments

UK emitters and other stakeholders may automatically face replacement climate obligations once they exit the EU ETS under Brexit, an industry group has suggested.

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EU Market: EUAs prices rally from fresh 1-month low after auction

Published 12:01 on June 18, 2018  /  Last updated at 17:48 on June 19, 2018  /  EMEA, EU ETS  /  No Comments

EU carbon prices rose as much as 3% on Monday, briefly flirting with €15 after bearish sentiment from a fresh one-month low plumbed earlier in the day was erased by a bullish auction result.

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EU Market: EUAs tumble to 1-month low for an 8% weekly fall

Published 20:25 on June 15, 2018  /  Last updated at 12:11 on June 16, 2018  /  EMEA, EU ETS  /  No Comments

EU carbon prices plunged heavily on Friday to their lowest levels in a month as traders sold in anticipation of a key options expiry date and as monthly auction volumes approach a record.

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Germany extends support work for poorer nations on carbon markets, orders EU ETS liquidity study

Published 18:30 on June 15, 2018  /  Last updated at 18:46 on June 15, 2018  /  Americas, Asia Pacific, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, Voluntary Market  /  No Comments

Germany is to extend beyond this year a three-year project to support poorer nations on carbon markets, while also opening a tender seeking experts to study EU ETS market liquidity, documents showed.

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Dutch court jails EU carbon trading tax fraud ringleader for 8 years

Published 11:35 on June 15, 2018  /  Last updated at 13:26 on June 15, 2018  /  Bavardage, EMEA, EU ETS  /  No Comments

A court in The Hague on Tuesday sentenced a 46-year-old Pakistani man to eight years in jail over his role in masterminding a €6.5 million ($7.5 mln) tax fraud scheme via the EU ETS.

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Lawsuit over bank RBS’ role in £160m EU ETS tax fraud kicks off in London

Published 23:46 on June 14, 2018  /  Last updated at 08:51 on June 15, 2018  /  Bavardage, EMEA, EU ETS  /  No Comments

A £160 million ($212 mln) lawsuit against UK bank RBS brought by creditors over its alleged 2009 role in EU carbon trading tax fraud opened in London on Thursday.

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EU Market: Late selling sends EUAs to first sub-€15 close in two weeks

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

Late selling on Thursday prompted European carbon prices to close below €15 for the first time in two weeks, despite a bullish auction result.

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