Wales, Scotland slam 'cavalier, unacceptable' UK's EU ETS Brexit plan

Published 18:27 on October 15, 2018  /  Last updated at 19:37 on October 15, 2018  /  Carbon Taxes, EMEA, EU ETS  /  No Comments

The partly devolved Welsh and Scottish governments have expressed serious concerns over the UK government’s plans to exit the EU ETS and replace it with a carbon tax under a ‘no deal’ Brexit, calling the approach “cavalier” and “unacceptable”. Read More

EU Market: EUAs plunge back towards €18 amid technical selling, Brexit fears

Published 20:16 on October 15, 2018  /  Last updated at 20:16 on October 15, 2018  /  EMEA, EU ETS  /  No Comments

EUAs gave back the gains of the previous two sessions on Monday, dropping back towards last week’s one-month low as a weak auction and Brexit developments dented bulls’ confidence. Read More

UK to exit EU ETS under ‘no deal’ Brexit, government announces

Published 20:36 on October 12, 2018  /  Last updated at 22:42 on October 12, 2018  /  EMEA, EU ETS  /  No Comments

The UK will exit the EU carbon market in late March 2019 if Brexit negotiators fail to strike a divorce deal, the British government said in a notice late Friday, while also suggesting UK entities consider opening registry accounts on the continent to retain access to their emission unit holdings. Read More

UPDATE- UK asks advisers for guidance on timing for net zero emission goal

Published 08:49 on October 15, 2018  /  Last updated at 16:09 on October 15, 2018  /  EMEA, EU ETS  /  No Comments

The UK government on Monday gave its independent advisers six months to produce advise on when it should set a net zero emission goal, but was slammed by the opposition for not asking for views that would involve Britain deepening its short-term targets. Read More

Investors to launch New Zealand’s first listed carbon fund

Published 11:28 on October 15, 2018  /  Last updated at 11:28 on October 15, 2018  /  Asia Pacific, New Zealand  /  No Comments

Investment firm Salt Funds Management will next month launch a dedicated carbon fund, the first to be listed on the New Zealand stock exchange (NZX), the company said. Read More

Chevron Australia urges protection against poor offset market liquidity

Published 11:58 on October 15, 2018  /  Last updated at 11:58 on October 15, 2018  /  Asia Pacific, Australia  /  No Comments

Australia should take steps to ensure that major emitters covered by the Safeguard Mechanism won’t face excessive penalty costs from high carbon prices stemming from poor liquidity in the offset market, oil major Chevron has told the Climate Change Authority (CCA). Read More

China’s Hebei to launch carbon offset market

Published 08:48 on October 15, 2018  /  Last updated at 08:49 on October 15, 2018  /  China, China's National ETS, China's Offset Market  /  No Comments

China’s Hebei province will launch a pilot voluntary carbon offset market across five cities by the end of the year that could be implemented province-wide by 2020, with a view to making the Hebei carbon credits eligible for compliance use for local industry in the national emissions trading scheme. Read More

ETS back on agenda as China clarifies ministry role

Published 10:46 on October 12, 2018  /  Last updated at 23:23 on October 12, 2018  /  China, China's National ETS  /  No Comments

China’s environment ministry has clarified the structure and role of its climate change division, adding the construction of the national emissions trading scheme to its list of duties after omitting the ETS from an initial overview published last month. Read More

Poland to compensate for higher EU carbon prices, repeats call for ETS intervention

Published 17:21 on October 12, 2018  /  Last updated at 19:31 on October 12, 2018  /  EMEA, EU ETS  /  No Comments

The Polish government is preparing a plan to compensate industry and consumers for rising EUA prices, the country’s energy minister told local media, adding that he will again request that Brussels intervene in the market because the conditions for action have now been met. Read More

EU Market: EUAs pull further away from 1-mth low to end week back above €20

Published 19:41 on October 12, 2018  /  Last updated at 19:41 on October 12, 2018  /  EMEA, EU ETS  /  No Comments

European carbon prices added 2.5% on Friday to finish the week back above €20 after plunging to a one-month low in the previous session. Read More

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