Carbon pricing on road transport has uneven impact across Europe, study finds
The EU’s upcoming Emissions Trading System for road transport and heating fuels (ETS2) will disproportionately impact lower-income western European households, with fair revenue recycling required to mitigate this, according to new research.
Read MoreEuro Markets: EUAs up 10% since Friday as market prices in near-term tightness
European carbon’s rally showed no sign of abating as the market increasingly priced in the impact of the European Commission’s reform proposals leaving the ETS structurally tight over the next few years.
Read MoreEU-UK ETS linkage talks to resume after summer -sources
An agreement on linking the EU and UK carbon markets will only come after the summer, with the two sides aiming to organise a summit by the end of the year, sources close to both governments told Carbon Pulse.
Read MoreNew UK prime minister to cut VAT from electricity bills
The new British prime minister, Andy Burnham, will cut the UK’s value-added tax (VAT) from electricity bills from October, saving households an average £45 a year, he said Tuesday.
Read MoreUK first country to report CO2 absorbed by concrete
Concrete buildings and infrastructure in the UK absorbed 1.5 Mt of CO2 in 2024, as the UK became the first country to report an estimate of the concrete carbon sink in its National Inventory Document submitted to the UN.
Read MoreEuro Markets: EUAs recover to end day flat after initial fall with Commission ETS reforms largely “priced in” to benchmark
European carbon saw heavy early selling after long-awaited EU ETS reforms were presented by the European Commission on Friday morning, before a short-lived rally pushed the benchmark recover back towards €80, as prices ended the day largely flat after traders said any bearish changes had largely been priced into the market prior to the announcement.
Read MoreEuropean steel association calls for more free carbon allowances, greater ETS revenue share
The European steel trade body Eurofer wants to see a “significantly slower” phaseout of free carbon allowances from the EU Emissions Trading System (ETS), it said on the eve of the European Commission’s long-awaited reform proposals.
Read MoreEuro Markets: EUAs lose ground before review, UKAs ease back despite linkage rumours
European carbon prices lost further ground over Thursday trading, as the market continued to anticipate bearish announcements on Friday when the European Commission is due to publish its EU ETS reform proposals, while UK allowances shrugged off Wednesday’s gains as uncertainty remains over a possible timeline to link British and EU carbon markets.
Read MoreEuro Markets: UKAs climb over 3% on linkage news, EUAs ease as funds cut length ahead of review
European carbon prices eased back on Wednesday, as investment funds cut their overall net length in the leadup to Friday’s EU ETS reform package presentation, while UK allowances rose steeply in the afternoon after comments from an influential EU MEP suggested an agreement to link the EU and UK ETS’s could be signed next week.
Read MorePolish power lobby wants greater flexibility for EU Modernisation Fund investments
EU member states should have greater control over the money they receive from the ETS-financed Modernisation Fund, the Polish electricity association said Wednesday.
Read More