EU Market: EUAs falter on weaker auction for a 6.4% weekly loss
European carbon prices dropped heavily for the second straight session, as a weak auction and slumping power prices triggered selling in choppy trade.
Read MoreEU member states near 90% completion rate for 2018 free allowance allocations
EU countries have now handed out nearly 90% of their allocations of free 2018 carbon allowances, data released late Friday showed.
Read MoreWorld Bank announces new carbon pricing coalition co-chair, high-level competitiveness forum
The Carbon Pricing Leadership Coalition (CPLC) on Thursday named a new co-chair, while the group’s managing body the World Bank announced a high-level forum on carbon pricing and competitiveness amid the release of a report on decarbonising the global power and chemicals sectors.
Read MoreEUAs drop to 1-week low after breaching support
EU carbon prices fell to their lowest in a week on Thursday as a breach of a technical support level triggered selling despite a stronger auction.
Read MoreWRI: What’s changing as countries turn INDCs into NDCs? Five early insights
Some countries aren’t waiting until 2020 to make changes to their national climate commitments. As countries ratify the Paris Agreement, some have decided to revise their INDCs and communicate the changes as part of their first NDCs. WRI provides a summary.
Read MoreGlobal carbon pricing revenues up 45% in 2017 as spending choices differ -report
Revenues raised from carbon pricing policies rose 45% last year to $32 billion, with most coming from taxes rather than trading and no clear trend emerging on where the money is spent, a report found on Thursday.
Read MoreEU Market: EUAs rise as buyers step in ahead of compliance deadline
EU carbon prices resumed their upward trajectory on Wednesday despite another weak auction, as traders said buyers were looking to square their positions ahead of the annual compliance deadline.
Read MoreRole of ETS in question as EU gears up to revamp long term climate strategy
The role of the ETS in meeting the EU’s long-term climate goals is being called into question all across Europe as Brussels prepares to revamp its strategy underpinning the targets.
Read MoreEU Market: EUAs sink back below €14 as energy prices drop
European carbon prices ended a run of seven straight days of gains on Tuesday, slipping back from the previous session’s seven-year peak as key energy prices also took a tumble.
Read MoreEU Parliament endorses EU’s 2030 non-ETS climate goals
The full European Parliament on Tuesday gave its approval to two bills that extend to 2030 emissions goals for sectors outside the EU ETS, giving a select number of richer member states the option of cancelling some EUAs to help meet the their targets more easily.
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