Gas markets to remain tight in 2025, keeping pressure on carbon, IEA says
Global gas markets are expected to remain tight in 2025, the International Energy Agency (IEA) said in its quarterly market report on Tuesday, suggesting upward pressure on carbon prices will remain in regions like the European Union.
Read MoreProposed ‘exchange rate’ for EU carbon allowances faces barrage of criticism
The method put forward by the European Commission to calculate the exchange rate applicable when clawing back EU carbon allowances that are unduly or mistakenly delivered to operators “raises serious concerns”, according to Finland and other market players.
Read More“Electrification first”: Ribera hints at EU’s new top priority on energy
Europe’s short-term answer to high energy prices and declining competitiveness will reside in electrification, energy savings, and accelerating the buildout of renewables to meet the EU’s 2030 climate goals, said Teresa Ribera, the European Commission’s first executive vice-president, on Thursday.
Read MoreEU carbon price to slump towards €50 in Trump-inflicted recession scenario -analysts
Benchmark European carbon prices could slump below €50 in the event of a regional recession brought on by US tariffs that may be introduced by President-elect Donald Trump, according to a scenario modelled by analysts.
Read MoreFrance, Czechia propose ETS2 changes to improve social acceptability
France and Czechia support a reform of the Market Stability Reserve (MSR) to prevent price spikes on the EU’s incoming Emissions Trading System for road transport and heating fuels (ETS2), with Prague going a step further by calling to delay the scheme by one year, Carbon Pulse has learned.
Read MoreNo change to EU ETS registration fees, Brussels clarifies
A draft update of the Registry Regulation governing the EU’s Emissions Trading System (EU ETS) does not contain any new legal provisions when it comes to registration fees, despite suggestions to the contrary, EU sources told Carbon Pulse.
Read MoreBrussels closes ETS2 case against two EU countries, France still outstanding
France is the only country that has not yet responded to an infringement procedure launched last summer against 26 member states for failing to implement the EU Emissions Trading Scheme for transport and heating fuels (ETS2) into national law, Carbon Pulse can reveal.
Read MoreYara urges EU support for exports of CBAM-covered fertilisers
The EU carbon market is putting European fertiliser producers at a “double disadvantage” compared to Russia and the US, which have access to cheap energy, don’t pay for CO2 emissions, and won’t pay the full cost of the EU’s Carbon Border Adjustment Mechanism (CBAM) until 2034, said Yara CEO Svein Tore Holsether.
Read MoreEU car industry “hopeful” CBAM concerns will be addressed
Manufacturers have cited lack of access to accurate emissions data along the auto industry’s complex supply chain as well as administrative challenges among a range of factors hampering the EU’s Carbon Border Adjustment Mechanism (CBAM).
Read MoreEuropean countries outline conditions for EU-UK ETS linkage
European Union countries are broadly “open” to support the linkage of the EU and UK Emissions Trading Schemes in order to achieve efficiencies in cutting greenhouse gases, provided a number of conditions are met and that Britain contributes to the costs, according to EU filings seen by Carbon Pulse.
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