UK open to ETS linkage with EU, but complications mean it will take time
The UK remains interested in linking its emissions trading scheme with other markets, but needs to determine how this would work in practice to ensure that it makes sense for the market and businesses involved, a government official said on Thursday.
Read MoreBRIEFING: Another 18 months of pain for EU carbon prices, analysts warn
Ongoing carbon permit sales under REPoweEU, combined with increasing renewables penetration and lower demand from the power and industrial sectors, mean EUAs will likely feel increased price pressures for another 18 months, a conference heard Wednesday.
Read MoreCarbon removals could help to offset leftover emissions in EU ETS, official says
The European Commission is looking at whether residual emissions in the EU ETS could be offset with carbon removals, as it weighs up different options for either integrating removals into the existing market or creating a new one, a high-level official said on Wednesday.
Read MoreAgri carbon taxes worldwide could inspire an EU ETS3 — with caveats, experts say
Regulatory measures on agricultural emissions, from New Zealand to South Africa, could serve as inspiration for policymakers in Brussels as the EU considers if and how to include the sector in its next ETS revision — although some clauses may apply, according to speakers at the IETA European Climate Summit.
Read MoreEuro Markets: EUAs give up this week’s gains as gas plummets, COT shows little change
European carbon allowance prices retreated on Wednesday as gas prices weakened after four days of gains, with the benchmark EUA contract giving up all this week’s steep rally while an inconclusive set of Commitment of Traders data saw some question the conviction of speculative traders in the bearish trend.
Read MoreEU carbon market diplomacy task force to focus on Article 6, VCM
The European Commission will prioritise Article 6 and voluntary markets as part of its international outreach efforts, in addition to compliance carbon markets, a senior EU official said on Wednesday.
Read MoreInvestor launches energy transition ETF targeting carbon markets
An investment management firm has launched a new energy transition exchange-traded fund (ETF) tracking several compliance carbon markets.
Read MoreUPDATE – POLL: Analysts again slash EUA price forecasts amid no signs of demand recovery
Analysts have once again cut their outlook for EU carbon prices, slashing their near-term forecasts by 10-15% on a mix of weak demand and ample supply.
Read MoreEmissions reduction technology firm signs agreement with SAF, biodiesel producers in Spain
A new biofuels plant in Spain will utilise industrial hydrotreating technology to reduce emissions in the production of sustainable aviation fuel (SAF) and biodiesel, the companies announced Tuesday.
Read MoreEU nations call for sustainable carbon policy package for chemicals
Some EU member states are calling upon the European Commission to put forward a policy package on sustainable carbon for the chemical industry, according to a joint statement they delivered to the commissioner in charge of climate action, Wopke Hoekstra, in Brussels on Tuesday.
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