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EU carbon prices to double on raised 2030 climate target, over €100 possible from other reforms -analysts

Published 23:19 on September 22, 2020  /  Last updated at 17:43 on September 23, 2020  /  Carbon Taxes, CBAM, EMEA, EU ETS  /  No Comments

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.

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UK needs wider, higher, and simpler carbon pricing, report says

Published 20:53 on September 21, 2020  /  Last updated at 23:02 on September 21, 2020  /  Carbon Taxes, CBAM, EMEA, EU ETS  /  No Comments

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.

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Carbon neutral LNG faces uphill battle in China, gas distributor says

Published 10:38 on September 18, 2020  /  Last updated at 00:19 on September 19, 2020  /  Asia Pacific, Carbon Taxes, CBAM, China, China's Offset Market, International, Voluntary Market  /  No Comments

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.

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European Commission proposes LRF adjustment, considers rebasing EU ETS cap under 2030 climate plan

Published 11:43 on September 17, 2020  /  Last updated at 23:44 on September 17, 2020  /  Carbon Taxes, CBAM, EMEA, EU ETS  /  No Comments

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.

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European Commission president confirms “at least 55%” 2030 climate target

Published 09:10 on September 16, 2020  /  Last updated at 16:32 on September 17, 2020  /  Carbon Taxes, CBAM, EMEA, EU ETS  /  No Comments

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.

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EU ETS free allocation should be “better targeted” to reflect climate goals, auditors say

Published 13:30 on September 15, 2020  /  Last updated at 01:17 on September 16, 2020  /  Carbon Taxes, CBAM, EMEA, EU ETS  /  No Comments

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.

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MARCU MY WORDS: The vision for the EU ETS in the 2030 Framework – will it be up to the challenge?

Published 10:42 on September 15, 2020  /  Last updated at 23:45 on September 15, 2020  /  Carbon Taxes, CBAM, Conversations, EMEA, EU ETS, Views  /  No Comments

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.

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Brussels to propose “at least 55%” climate target for 2030, one-off supply cut

Published 19:04 on September 13, 2020  /  Last updated at 23:45 on September 15, 2020  /  Carbon Taxes, CBAM, EMEA, EU ETS  /  No Comments

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.

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To align with tougher EU climate goals, Germany to raise domestic carbon prices a second time

Published 20:52 on September 11, 2020  /  Last updated at 23:45 on September 15, 2020  /  Carbon Taxes, CBAM, EMEA, EU ETS  /  No Comments

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.

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Over 80% of EU ETS industries face largest possible squeeze on free allocation -draft

Published 18:56 on September 2, 2020  /  Last updated at 23:45 on September 15, 2020  /  Carbon Taxes, CBAM, EMEA, EU ETS  /  No Comments

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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