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Richer nations’ resolve wanes on cutting fossil fuel subsidies -OECD

Published 18:07 on February 22, 2018  /  Last updated at 18:07 on February 22, 2018  /  Americas, Asia Pacific, Climate Talks, EMEA, International  /  No Comments

Efforts by industrialised nations to reduce fossil fuel subsidies have slowed since the signing of the 2015 Paris Agreement while emerging economies have maintained pace in eliminating them, according to an OECD published Thursday.

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EU Market: EUAs rebound from 1-wk low after auction

Published 12:11 on February 22, 2018  /  Last updated at 21:51 on February 22, 2018  /  EMEA, EU ETS  /  No Comments

EU carbon prices rebounded from a one-week low on Thursday after finding support ahead of a moderate government auction and despite analyst warnings of a correction.

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EU Market: EUAs drift further from €10 despite improved auction signals

Published 18:00 on February 21, 2018  /  Last updated at 18:01 on February 21, 2018  /  EMEA, EU ETS  /  No Comments

EU carbon prices fell for the second successive session on Wednesday to give back almost all of Monday’s gains that had pushed prices back towards their six-year high above €10.

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EU’s top climate official Delbeke to step down in reshuffle

Published 14:02 on February 21, 2018  /  Last updated at 14:02 on February 21, 2018  /  Bavardage, EMEA, EU ETS  /  No Comments

The European Commission’s top climate official Jos Delbeke is to leave his post after eight years as part of a wider reshuffle that sees him replaced by Mauro Petriccione, a senior commission trade official and Italian national.

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EU lawmakers risk undermining ETS price signal because reforms can’t cope -analysts

Published 13:37 on February 21, 2018  /  Last updated at 14:14 on February 21, 2018  /  EMEA, EU ETS  /  No Comments

EU ETS prices could be slashed by as much as half their expected levels next decade as lawmakers prepare clean energy goals that will spur emission cuts steeper than the carbon market’s supply-curbing reforms can cope with, Thomson Reuters analysts said on Wednesday.

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Iberdrola’s ETS-covered thermal output drops 10% amid coal exit

Published 12:02 on February 21, 2018  /  Last updated at 12:02 on February 21, 2018  /  EMEA, EU ETS  /  No Comments

Spain-based utility Iberdrola reported a 10% drop in its ETS-regulated thermal output over 2017 as the firm’s closure of its last UK coal plant curbed its EUA demand.

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‘Isolated’ EU nations willing to waive through CORSIA rulebook –EC official

Published 17:42 on February 20, 2018  /  Last updated at 09:44 on February 21, 2018  /  Americas, Aviation, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

EU nations are prepared to waive through the draft rulebook for the CORSIA international offset market because they lack enough support to force changes, an EU official said on Tuesday.

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EU Market: EUAs slip on weak auction after failing to return to €10

Published 17:33 on February 20, 2018  /  Last updated at 23:21 on February 20, 2018  /  EMEA, EU ETS  /  No Comments

EU carbon prices gave back almost half of the previous session’s gains on Tuesday, as another weak auction dented confidence that EUAs could climb back above €10.

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UK Supreme Court rejects Citibank’s appeal in £10m EU ETS tax fraud case

Published 10:11 on February 20, 2018  /  Last updated at 10:14 on February 20, 2018  /  Bavardage, EMEA, EU ETS  /  No Comments

The UK Supreme Court on Friday denied US investment bank Citibank’s request to challenge a lower appeal court’s ruling that British tax authorities were not required to prove the bank was dishonest amid their allegations that Citi knew, or should have known, that its EU carbon trading activities were linked to VAT fraud.

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EU Market: EUAs rise almost 4% towards €10 despite another weak auction

Published 11:11 on February 19, 2018  /  Last updated at 22:38 on February 19, 2018  /  EMEA, EU ETS  /  No Comments

EU carbon prices lifted towards their recent €10 highs on Monday, shrugging off another weak auction as observers were dismissive of prospects for further falls.

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