Arjun Patel « Carbon Pulse

Articles by: Arjun Patel

EU Market: EUAs regain footing above €27 after huge sell-off

Published 20:09 on July 17, 2020 / Last updated at 22:42 on July 17, 2020 / Arjun Patel / EMEA, EU ETS

EUAs lifted above €27 on Friday, clawing back more than half of the previous session’s near-8% crash as a stronger auction outcome boosted confidence that this week’s move to €30 was more than a speculative bubble.

EU Market: EUAs crash 10% from session high as supply boost sees rally unravel

Published 20:32 on July 16, 2020 / Last updated at 00:33 on July 17, 2020 / Arjun Patel / EMEA, EU ETS

EU carbon prices tumbled to a two-week low on Thursday after buyers struggled to absorb extra auction supply and amid weakness in wider financial markets.

EU Market: EUAs slip from early jump above €30 following weak auction, oil losses

Published 19:55 on July 15, 2020 / Last updated at 20:55 on July 15, 2020 / Arjun Patel / EMEA, EU ETS

EUAs climbed back above €30 early on Wednesday as markets lifted on COVID-19 vaccine hopes, though prices eventually tumbled nearly 3% to below €29 following a weak auction and as oil prices jolted lower.

EU Market: EUAs reverse course as EU ministers talk up target raising

Published 19:00 on July 14, 2020 / Last updated at 18:01 on July 16, 2020 / Arjun Patel / EMEA, EU ETS

EUAs rebounded from an early dip on Tuesday, lifting back towards the previous session’s 14-year high as many of the bloc’s environment ministers talked up plans to raise the EU 2030 emissions target this year.

EU Market: EUAs break above €30 for first time in 14 years to eye record high

Published 18:50 on July 13, 2020 / Last updated at 18:01 on July 16, 2020 / Arjun Patel / EMEA, EU ETS

EUAs raced above €30 for the first time in 14 years on Monday, busting through last year’s peak to close in on the market’s April 2006 all-time high.

EU Market: EUAs make late surge to end week 4% higher

Published 23:05 on July 10, 2020 / Last updated at 14:01 on July 17, 2020 / Arjun Patel / EMEA, EU ETS

EUAs mounted a late scramble from week-low levels to climb back above €29 on Friday, ensuring a 4% weekly gain and keeping carbon near its year-high in continued jumpy trade.

UN launches 2020 tender to buy 224k Gold Standard CERs

Published 16:22 on July 10, 2020 / Last updated at 17:58 on July 10, 2020 / Arjun Patel / International, Kyoto Mechanisms

The UN has opened a tender to buy just over 224,000 Gold Standard CERs to offset the organisation’s annual emissions.

EU Market: EUAs fall back after flirting with €30

Published 21:34 on July 7, 2020 / Last updated at 13:48 on July 13, 2020 / Arjun Patel / EMEA, EU ETS

EUAs came within a few cents of last year’s peak near €30 on Tuesday but collapsed back in late trade to pause a six-week rally that has defied fundamentals amid a wave of ‘speculative mania’.

Swiss energy-related CO2 emissions continue descent in 2019 despite static transport output

Published 19:08 on July 7, 2020 / Last updated at 19:09 on July 7, 2020 / Arjun Patel / Carbon Taxes, EMEA, EU ETS, Switzerland

Switzerland’s emissions from transport fuels were little changed for the second straight year in 2019, while CO2 output from heating decreased by 2.5%, according to figures published Tuesday.