EU’s top court rejects Swedish miner’s appeal in ETS benchmark challenge
The EU’s top court on Thursday upheld a European Commission decision denying a Swedish miner a more generous carbon allowance allocation under the bloc’s ETS, ruling that iron ore pellets are not direct substitutes for sintered ore within the scheme.
Read MoreTop EU court upholds finality of ETS transactions, but floats compensation for unfair losses
The EU’s top court on Thursday ruled that ETS allowance transactions recorded in the bloc’s Union Registry are final and irrevocable, even when the permits were surrendered under provisions later declared invalid, but it acknowledged that companies should be able to seek damages for unfair losses.
Read MoreMajor Indian developer divests new project auditing business amid market hue and cry
A major India-headquartered offset project developer has sold off its wholly-owned accreditation services firm even before operationalising it, as market participants labelled the endeavour a conflict of interest, Carbon Pulse has learned.
Read MorePOLL: Where will EUA2 futures be priced when the market launches?
Ahead of next week’s launch of allowance futures for the EU’s new ETS2 carbon market, analysts polled by Carbon Pulse are cautiously bullish on prices but warn of significant uncertainty – both in terms of liquidity and regulatory risk.
Read MorePOLL: All eyes on linking talks as analysts maintain bearish near-term outlook for UKAs
Analysts generally maintained a bearish near-term outlook for UK Allowance prices due to ongoing oversupply and policy uncertainty, as focus now turns to a May summit between Britain and the EU at which linking the two markets is expected to be discussed.
Read MorePOLL: Analysts cut EUA price forecasts as trade tensions, weak demand weigh
Analysts have reduced their forecasts for EU carbon allowances, predicting that prices will remain under pressure in the short term as geopolitical tensions, weak industrial activity, and cautious sentiment continue to weigh on the market.
Read MoreCarbon market yet to ‘fulfil promise’, former UK PM Blair says
The global carbon market has yet to deliver on its full potential, former UK Prime Minister Tony Blair said in a foreword to a report on resetting climate action from his non-profit.
Read MoreCanada re-elects Liberals, with new PM Carney to build on decade of climate policy experience
Prime Minister Mark Carney and the Liberals won Monday’s Canadian federal election, in a remarkable reversal of fortune just months after they were projected to lose to the opposition Conservatives by 20-30 percentage points.
Read MoreEU ETS verified emissions fell 5% in 2024, European Commission says
Verified emissions reported from installations and aircraft operators covered by the EU ETS fell by 5% year-over-year in 2024, the European Commission said Friday.
Read MoreGermany moves to cancel EU ETS allowances linked to 2022 coal plant closures
Germany’s Federal Cabinet this week adopted a formal communication to the European Commission seeking the cancellation of EU ETS allowances linked to the closure of two coal-fired power plants in 2022, in a bid to ensure that the phaseout delivers genuine climate benefits.
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