EU 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.
Read MoreCCUS investments may dampen profitability, if cheaper clean alternatives are available -report
Investments in carbon capture and utilisation or storage risk squeezing margins for businesses that use the technology to extend the life of polluting assets when cheaper alternatives are available, according to a research report by Moody’s.
Read MoreEuro Markets: EUAs add 4.4%, record 25% climb in two weeks as rising gas, short-covering drive rally
European carbon allowance prices erased Monday’s losses and resumed their upward march, crowning a 25% rally in the last two weeks amid a continuation of short covering, as energy markets jumped sharply on Middle East tensions and interruptions in gas supply in both the US Gulf and North Sea.
Read MoreClearer definitions given for carbon farming under EU carbon removal framework
Clearer definitions for the scope, quantification, and baselines of carbon farming activities to be included under the EU’s Carbon Removal Certification Framework (CRCF) were presented by the European Commission on Tuesday.
Read MoreCOMMENT: A Q&A on EU ETS2
Stefan Feuchtinger, Head of Market Research and Analysis at Vertis Environmental Finance (VEF), answers all the questions you’ve ever wanted to ask about the upcoming EU ETS2.
Read MoreEU industries exposed to ‘full loss of export markets’ due to climate policies -report
While the EU’s Carbon Border Adjustment Mechanism (CBAM) provides an effective protection against imports of cheaper CO2-intensive products into Europe, it omits a crucial export dimension, with potentially devastating consequences for sectors like steelmaking and fertilisers, according to a new report.
Read MoreEuro Markets: EUAs fluctuate after early steep drop as energy markets gyrate on geopolitical gusts
European carbon prices fell sharply in line with energy at the open on Monday, before fluctuating across the session as tensions in the Middle East appeared to lessen after Iran’s weekend drone strikes against Israel were largely defeated, with participants reporting a slight relaxation in market risk.
Read MoreGreater transparency, predictability needed for future EU ETS intervention, says think tank
There needs to be a more transparent and predictable approach to regulatory interventions in the EU ETS, a report from a think tank said Monday.
Read More‘Anecdotal evidence’ that CBAM is spurring carbon pricing initiatives worldwide, EU official says
The EU’s Carbon Border Adjustment Mechanism (CBAM), which came into force last year, is spurring new carbon pricing initiatives in countries around the world as they seek to avoid the CO2 tariff, an official has said, adding however, that not all of these schemes are comparable to the bloc’s ETS.
Read MoreThird carbon market ETF to close this year
Another carbon market ETF will start to liquidate its holdings this month, the third such fund to close this year.
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