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EU eyes step-by-step support for industry in €10 bln Innovation Fund

Published 21:23 on April 12, 2019  /  Last updated at 21:24 on April 12, 2019  /  EMEA, EU ETS  /  No Comments

The EU’s new Innovation Fund aims to hold its first funding call in the second half of 2020 and give extended support to projects aiming to cut emissions among heavy industries, a conference heard this week.

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EU Market: EUAs slip from new 11-year high but notch 8% weekly gain

Published 20:24 on April 12, 2019  /  Last updated at 22:24 on April 12, 2019  /  EMEA, EU ETS  /  No Comments

European carbon prices fell on Friday after hitting a fresh 11-year high earlier in the day, pausing a rally that had added as much as 30% to EUAs since the end of March.

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EU states dole out another 62 mln free EUAs, bringing 2019 completion rate to near 80%

Published 19:13 on April 12, 2019  /  Last updated at 20:15 on April 12, 2019  /  EMEA, EU ETS  /  No Comments

A handful of EU member states doled out another 61.7 million free carbon allowances in the past two weeks, with laggards Italy and Spain making big steps towards completing their 2019 allocations.

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UK aligns 2018 ETS compliance deadline with EU after Brexit delay

Published 18:07 on April 12, 2019  /  Last updated at 20:35 on April 12, 2019  /  EMEA, EU ETS  /  No Comments

The UK government has aligned the country’s 2018 EU ETS compliance deadline with that of the rest of the bloc after the Brexit deadline was pushed back by six months.

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EUAs could fall below €10 if nations don’t cancel to match coal phaseouts -ICIS

Published 23:42 on April 11, 2019  /  Last updated at 12:04 on April 15, 2019  /  EMEA, EU ETS  /  No Comments

EUAs are on track to peak just shy of €40 in four years, but they could fall far short of that and even drop below €10 by 2030 if member states aggressively phase out coal power without cancelling carbon allowances to offset the impact, an ICIS analyst said on Thursday.

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EU Market: EU carbon prices storm to new 11-year high above €27

Published 21:26 on April 11, 2019  /  Last updated at 02:28 on April 12, 2019  /  EMEA, EU ETS  /  No Comments

European carbon stormed to a fresh 11-year high on Thursday as buyers pushed them above €27 amid rising gas and coal, though some experts said that after rallying almost 30% since the end of March, EUAs could now be due a large correction.

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UK launches tenders to replace emissions trading infrastructure post-Brexit

Published 13:48 on April 11, 2019  /  Last updated at 14:18 on April 11, 2019  /  EMEA, EU ETS  /  No Comments

The UK is pushing ahead with plans to develop its own emissions trading scheme to implement after it leaves the EU, despite the ongoing impasse in Brexit negotiations, though it appears to have fallen slightly behind schedule.

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EU Market: EUAs hit 11-yr high on gas, Brexit as UK deadline extended to Oct. 31

Published 23:58 on April 10, 2019  /  Last updated at 01:44 on April 12, 2019  /  EMEA, EU ETS  /  No Comments

European carbon prices shot to their highest in almost 11 years on Wednesday, as speculative buying was fuelled by rising gas prices and indications that Brexit was poised for a longer extension.

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POLL: As EUAs surge to 11-year high, analysts take more tempered view

Published 17:35 on April 10, 2019  /  Last updated at 01:16 on April 11, 2019  /  EMEA, EU ETS  /  No Comments

European carbon prices skyrocketed to a new 10-year high near €27 on Wednesday, but a poll of analysts showed a consensus view that EUAs will come back down to earth in the near term.

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EU Market: EUAs close at 10-year high to eye 2018’s peak

Published 20:06 on April 9, 2019  /  Last updated at 10:37 on April 10, 2019  /  EMEA, EU ETS  /  No Comments

EUAs settled at their highest for over a decade on Tuesday as stronger gas prices favoured bulls in a late surge that could see carbon clear 2018’s peak tomorrow.

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