Despite snub, EU lawmakers may yet call for carbon market speculation curbs
A European Parliament resolution to seek restrictions on speculation in the bloc’s carbon market could still be tabled in the coming weeks, EU sources told Carbon Pulse on Friday, despite an initial rejection by political leaders.
Read MoreEU lawmakers reject calls for motion on ETS speculation as member states plot further action on energy prices
The European Parliament’s political leaders on Thursday rejected calls for a resolution to seek restrictions on speculation in the bloc’s carbon market and other measures to calm the bloc’s soaring energy prices, instead opting to hold a debate with the other EU institutions.
Read MoreCarbon trading on the agenda as Italy musters governments for pre-COP climate meeting
Ministers from up to 50 nations will gather in Milan later this week to thrash out a way forward for November’s crunch UN COP26 climate talks in Glasgow.
Read More“Not acceptable” if Russia imposes carbon price only on exporters, says EU official
It would not be permissible for Moscow to only impose a carbon tax on exports as a means of shielding Russian firms from the impact of the EU’s border adjustment mechanism (CBAM), a senior EU official said on Monday.
Read MoreJudge says EU court should uphold withdrawal of carbon units from bankrupt airline
A judge has recommended that the EU’s highest court uphold a member state’s right to withdraw the free emissions permit allocation of a bankrupt airline.
Read MoreVoluntary offset taskforce plans phased approach to standardised contracts
The private sector-led Taskforce on Scaling Voluntary Carbon Markets (TSVCM) aims to establish core carbon principles (CCPs) depending on project type throughout next year, a member of the initiative said Wednesday.
Read MoreEU lawmakers plan crunch decisions on climate package for early next year
The EU’s legislative bodies are planning to make key decisions on the bloc’s Fit for 55 climate proposals early next year, while the bloc’s energy ministers on Tuesday discussed an idea to hold extra EUA auctions to help shield households from rising energy costs.
Read MoreVoluntary offset taskforce names governance board, promises indigenous representation
The private sector Taskforce on Scaling Voluntary Carbon Markets (TSVCM) announced its governance body on Tuesday, adding that it was on track to deliver next year standardising tools being designed to help dramatically increase the volume of carbon credit transactions.
Read MoreVCM Report: Nature-based VER values lift past CORSIA-eligible units
Prices for exchange-traded, standardised voluntary emissions reductions (VERs) rose more quickly among nature-based products than CORSIA-qualified credits for the second straight week, reasserting a premium in the voluntary carbon market (VCM) that had evaporated earlier this month.
Read MoreSpain urges EU to curb carbon market speculation as part of measures to calm energy prices -media
Spain wants the EU to adopt measures to curb financial speculation in the ETS, outlining a number of proposals to calm the surging energy prices that are rattling the bloc currently.
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