EU Parliament approves ‘climate’ Commission chief without Greens backing
The European Parliament narrowly endorsed Ursula von der Leyen as the new European Commission president late Tuesday, though her promise of a “green deal for Europe” failed to win over the assembly’s most dedicated environmentalists.
Read MoreEU Market: EUAs retreat below €28.50 as bullish drivers fade
European carbon fell for the first time in five days on Tuesday, sinking below major technical resistance after some traders warned that the bullish drivers that had pushed prices to a new 11-year high this week were waning.
Read MoreFrench environment minister De Rugy resigns over spending scandal
France’s energy and ecology minister Francois de Rugy has resigned after being embroiled in a scandal over spending taxpayer cash on lavish lobster dinners and home renovations.
Read MoreFrance, Germany advisers tout more teamwork on non-ETS carbon pricing
France and Germany should set up a separate non-ETS carbon pricing system with willing EU countries and work towards integrating it with the bloc’s current carbon market, independent economic advisors from the two nations said on Tuesday.
Read MoreGerman government keeps CER standards in new tender to offset travel emissions
Germany has launched a new tender to buy CERs to offset emissions from its 2018 business travel, setting extensive limits in a process that offers some clues as to what rich-nation governments may seek to push for under Article 6 of the Paris Agreement and the CORSIA international offsetting mechanism.
Read MoreNew Entrants’ Reserve allocations dip as clock ticks down on free EU Allowances
Allocations of free carbon allowances to new and expanding companies in the EU ETS dipped slightly in the first half of 2019, with some 65% of the earmarked permits still unused as the clock ticks down on tapping the reserve.
Read MoreGreece’s PPC fails again in lignite sale as bidders wait for new government line
Greek utility PPC failed to attract any bids for three of its lignite assets by a Monday deadline, as bidders preferred to wait for the new government’s rescue package.
Read MoreEU Market: EUAs extend 11-year high for fourth day as energy prices keep pace
The EU carbon bull run extended into a fourth day on Monday, with prices hitting a new 11-year high of €29.50 as power also soared to their loftiest level so far this year.
Read MoreFive more tropical forest countries selected to World Bank’s REDD Fund
The World Bank’s Forest Carbon Partnership Facility (FCPF) has selected emission reduction programmes from five developing countries to participate in the organisation’s Carbon Fund, bringing the nations a step closer to signing agreements seen as a possible base for forestry international emissions trade.
Read MoreEU Commission chief nominee offers more climate ambition in bid for MEP votes
European Commission President nominee Ursula von der Leyen on Monday pledged to back a more ambitious 2030 EU emissions reductions target in a bid to secure the support of more MEPs ahead of her confirmation vote tomorrow.
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