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ANALYSIS: Prospects limited for EU carbon market speculation curbs after missed opportunities

Published 16:12 on February 26, 2021  /  Last updated at 22:30 on February 26, 2021  /  EMEA, EU ETS  /  No Comments

The prospects for allowance holding limits in the EU carbon market seem limited as officials have already passed up several chances to curb investor power, even after lawmakers flagged warnings. Read More
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World’s climate pledges falling far behind target, UN report shows

Published 13:00 on February 26, 2021  /  Last updated at 11:53 on February 26, 2021  /  Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Japan, Mexico, Middle East, New Zealand, Other APAC, South & Central, South Korea, Switzerland, UK ETS  /  No Comments

Despite some positive developments, nations’ pledges to beef up climate action fall far short of what is needed to limit global warming to 1.5C, a UN report showed on Friday. Read More
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First UK ETS auction, futures contracts launch set for mid-May

Published 13:00 on February 26, 2021  /  Last updated at 17:03 on February 26, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

The first UK ETS allowance auction will be held in mid-May, with a tradable futures contract to be launched the same day, hosts ICE Futures Europe announced Friday, publishing the full calendar for this year’s sales. Read More
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Developer dismisses need for California ODS protocol expansion, as stakeholders back controversial revisions

Published 17:52 on February 26, 2021  /  Last updated at 17:52 on February 26, 2021  /  Americas, Canada, US  /  No Comments

A leading ozone-depleting substance (ODS) developer has opposed the expansion of California's compliance offset protocol, while many stakeholders backed a task force’s recommendations to reduce the invalidation period for credits and enable cap-and-trade emitters to transact their unused utilisation limits, according to public comments. Read More
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US Carbon Pricing and LCFS Roundup for week ending Feb. 26, 2021

Published 19:58 on February 26, 2021  /  Last updated at 21:28 on February 26, 2021  /  Americas, Carbon Taxes, RINs & LCFS, US, Voluntary Market  /  No Comments

A summary of legislative and regulatory action on carbon pricing, clean fuel standards, and clean energy at the US subnational and federal level this week, including developments related to the national social cost of carbon (SCC), Pennsylvania, Massachusetts, and California. Read More
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Emitters and financials hold WCI positions firm before Q1 auction results

Published 22:22 on February 26, 2021  /  Last updated at 22:22 on February 26, 2021  /  Americas, Canada, US  /  No Comments

California cap-and-trade regulated entities and speculators kept positions largely unchanged on the secondary market over the past week as they waited for the results of the first WCI auction of the year, according to US Commodity Futures Trading Commission (CFTC) data published Friday. Read More
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China sees first carbon neutral bonds, though questions raised

Published 08:59 on February 26, 2021  /  Last updated at 08:59 on February 26, 2021  /  China, China's Offset Market  /  No Comments

Four of China’s biggest state-owned energy companies have revealed plans to raise up to 10.5 billion yuan ($1.6 bln) through carbon neutral bonds, though observers question the helpfulness of the initiatives without firm guidelines. Read More
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EU Market: EUAs fall again to weaken bulls' resolve, despite 13% monthly gain

Published 19:59 on February 26, 2021  /  Last updated at 19:59 on February 26, 2021  /  EMEA, EU ETS  /  No Comments

EUAs lost almost a euro on Friday to end the week near-flat, weighed by weakness across wider financial markets and testing the resolve of bulls seeking a rapid return to records levels above €40. Read More
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Major EU cement firms see output near pre-COVID levels, expect gains in 2021

Published 13:34 on February 26, 2021  /  Last updated at 19:13 on February 26, 2021  /  EMEA, EU ETS  /  No Comments

Two of the EU’s largest cement producers have flagged signs of recovery and output reaching pre-COVID levels in Q4 2020, the ETS-covered firms said in results this week, while expecting a 2021 demand increase from government stimulus packages. Read More
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Washington cap-and-trade bill passes first committee, though transportation ties loom

Published 22:41 on February 25, 2021  /  Last updated at 22:41 on February 25, 2021  /  Americas, Canada, US  /  No Comments

A WCI-modelled carbon market bill passed its first committee in the Washington state legislature on Thursday, but a key senator signalled that he will tether the act’s ultimate implementation to lawmakers also enacting a transportation funding package this session. Read More