EU carbon prices to double on raised 2030 climate target, over €100 possible from other reforms -analysts
EU carbon allowances will average €57 over the next decade, or double current prices, analysts forecast, modelling a scenario where the bloc adopts a 55% emissions reduction target for 2030 and does not implement any other supply-tightening changes.
Read MoreUK needs wider, higher, and simpler carbon pricing, report says
Post-Brexit Britain needs to expand its carbon pricing to more sectors at a rate rising to at least £75/tonne ($95, €80) by 2030 to put it on a path to reach its 2050 net zero emissions target, according to a report published by an expert group Monday.
Read MoreCarbon neutral LNG faces uphill battle in China, gas distributor says
The recent failure to fetch any premium at China’s first-ever carbon neutral LNG auction shows market appetite is still low, but upstream suppliers can help by improving their information disclosure, according to a report released by a state-owned gas distributor.
Read MoreEuropean Commission proposes LRF adjustment, considers rebasing EU ETS cap under 2030 climate plan
The European Commission is considering a one-off emissions cap reduction and a tighter annual linear reduction factor in the EU ETS from 2026 as part of plans to raise the bloc’s 2030 emissions reduction target to “at least 55%”, it said in documents released on Thursday.
Read MoreEuropean Commission president confirms “at least 55%” 2030 climate target
The European Commission is set to propose an upgraded 2030 target of at least 55% below 1990 levels, the EU executive’s president told EU lawmakers on Wednesday.
Read MoreEU ETS free allocation should be “better targeted” to reflect climate goals, auditors say
The current system of free allocation of EU carbon allowances should be “better targeted” in light of the bloc’s net zero 2050 emissions goal and the enhanced ambition for 2030, the EU’s auditing body said.
Read MoreMARCU MY WORDS: The vision for the EU ETS in the 2030 Framework – will it be up to the challenge?
With so many issues being brought to the table and put on the menu for possible EU ETS reforms and to embody the European Green Deal, there is a real risk of not being able to see the forest for the trees, argues Andrei Marcu. Any revision of the EU ETS needs to be put in the context of the role of the market in the 2030 timeframe and beyond, and the objectives of the review. If not, we may get wrong not only the review of the EU ETS but also, due to a lack of debate, its role going forward.
Read MoreBrussels to propose “at least 55%” climate target for 2030, one-off supply cut
The European Commission will propose raising the EU’s 2030 emissions reduction target to “at least 55%”, while exploring a one-off supply cut as a way of aligning the ETS with the new goal, according to a leaked draft due to be presented over the coming days.
Read MoreTo align with tougher EU climate goals, Germany to raise domestic carbon prices a second time
Germany will need to raise the costs under its domestic carbon pricing scheme for transportation and heating a second time in order to meet the more ambitious climate goals to be targeted by the EU, Economy and Energy Minister Peter Altmaier said Friday.
Read MoreOver 80% of EU ETS industries face largest possible squeeze on free allocation -draft
Some 43 out of 52 EU ETS-covered industries are likely to face the maximum possible tightening of their free allocation benchmarks over the next five years, according to a European Commission draft seen by Carbon Pulse that matches officials’ prior expectations.
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