EU carbon and gas prices set to decouple in next five years -Goldman Sachs
Europe’s carbon market is set to decouple from gas prices in the next five years, as abundant gas supply in the bloc leads to a halving of gas prices and tightness in the carbon market pushes prices up, according to a Goldman Sachs analyst.
Read MoreResearchers propose setting a standalone global carbon removal budget
Researchers from the University of Oxford have proposed establishing a separate budget for carbon removal alongside the existing global carbon budget for CO2 emissions.
Read MoreHigh-level climate talks suggest headway on Article 6, other COP29 priorities
Two recent high-level climate meetings have sent promising signs that remaining Article 6 issues will be resolved at COP29, and that governments remain committed to last year’s pledge to transition away from fossil fuels, according to an EU source.
Read MoreGermany publishes long-awaited draft law to transpose EU carbon market directive, implement ETS2
Germany has published its draft law transposing changes to the EU ETS directive, as well as transitioning its national fuel emissions trading system to the future bloc-wide carbon market for heating and transport.
Read MoreUN shipping body inches closer to key carbon levy decision with release of impact assessment
A maritime greenhouse gas emissions pricing mechanism will not lead to an equivalent increase in transport costs, according to an assessment by the UN’s sectoral body on the possible impacts of emission-reducing measures published this week.
Read MoreCCUS industry will need around $160 bln by 2030 -analysis
The carbon capture, utilisation, and storage (CCUS) industry will require an investment of close to $160 billion by 2030, with 20% for power generation use, according to a global commodities research firm.
Read MoreGermany prepares to launch second CCUS-focused subsidy auction for industry
Germany is preparing a second carbon capture, utilisation and storage (CCUS)-focused bidding round as part of its ‘climate contracts’ funding programme for energy-intensive industries.
Read MoreEU fossil generation falls to record low as renewables meets growing demand -data
EU fossil power generation fell to an all-time low in the first half of the year as the bloc’s electricity system continues its rapid shift towards renewables, according to new data released on Tuesday.
Read MoreRWE posts 19% drop in EU ETS-covered fossil power output in H1
RWE reported a drop of almost one-fifth year-on-year in power generation covered by the EU ETS during the first six months of 2024, according to preliminary results published Monday.
Read MoreEuropean utilities report drop in thermal power output, increased renewables generation
Multiple Europe-headquartered power generation firms reported a drop in EU ETS-covered output in quarterly results this week, while their renewable energy output soared.
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