Euro Markets: Midday Update

Published 12:22 on February 18, 2025  /  Last updated at 12:22 on February 18, 2025  / /  EMEA, EU ETS, UK ETS

European carbon prices continued their downtrend on Tuesday, breaching several key technical support levels, as the weight of the ongoing TTF gas market sell-off kept pressure on EUAs, with speculators said to locking in profits amid a meeting between the US and Russia to discuss an end to the war in Ukraine.

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Marine biodiversity credits attracting high interest, alliance says

Published 12:15 on February 18, 2025  /  Last updated at 12:15 on February 18, 2025  / /  Americas, Asia Pacific, Biodiversity, EMEA

Marine biodiversity credits are attracting a lot of interest from market actors, though transaction values are growing slowly, a Biodiversity Credit Alliance (BCA) executive has said.

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National biodiversity plans falling short of key UN targets, study shows

Published 12:15 on February 18, 2025  /  Last updated at 12:15 on February 18, 2025  / /  Americas, Asia Pacific, Biodiversity, EMEA

No country has so far released a National Biodiversity Strategy and Action Plan (NBSAP) that meets all the requirements for conserving and restoring 30% of lands and waters by 2030 as required under UN targets, a study has shown.

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Standards-setter approves three dMRV pilots in effort to boost verification

Published 12:01 on February 18, 2025  /  Last updated at 12:01 on February 18, 2025  / /  Africa, Americas, Asia Pacific, EMEA, International, Voluntary

A carbon standards-setter has approved three new digital monitoring, reporting, and verification (dMRV) pilot projects aimed at enhancing transparency, efficiency, and access to climate finance in its projects, it announced on Tuesday.

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Carbon capture pilot to launch at UK energy-from-waste facility, support CCS cluster

Published 11:13 on February 18, 2025  /  Last updated at 11:13 on February 18, 2025  / /  EMEA, UK ETS, Voluntary

A UK waste management company will launch a carbon capture pilot at an energy recovery plant in preparation for the full-scale deployment of new carbon capture and storage (CCS) technology at another facility, which will be the first of its kind in the country.

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French oil major announces partnership to decarbonise two of its European refineries

Published 11:10 on February 18, 2025  /  Last updated at 11:10 on February 18, 2025  / /  EMEA, EU ETS

A French oil and gas major has teamed up with a gas technology firm to decarbonise its refineries with green hydrogen, in a bid to reduce its CO2 emissions by 450,000 tonnes annually, the companies announced on Tuesday.

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EU urged to align its Clean Industrial Deal with moving geopolitics

Published 10:43 on February 18, 2025  /  Last updated at 10:43 on February 18, 2025  / /  EMEA

The EU’s industrial policy choices must reflect evolving geopolitical dynamics and could be used as a platform to develop relations with like-minded nations when it comes to trade in clean technologies and transition minerals, a think tank has said.

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Europe’s LNG imports drop as gas demand falls to 11-year low -data

Published 08:57 on February 18, 2025  /  Last updated at 08:57 on February 18, 2025  / /  EMEA, EU ETS

European imports of liquefied natural gas (LNG) decreased by 19% in 2024 as gas demand reached an 11-year low, according to fresh data published on Tuesday, suggesting the EU’s gas demand reduction measures adopted in the wake of the Russia-Ukraine war are working.

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EU consults on Finland’s request to expand ETS2 to new sectors

Published 08:40 on February 18, 2025  /  Last updated at 08:40 on February 18, 2025  / /  EMEA, EU ETS

The European Commission on Tuesday put forward a draft decision allowing Finland to unilaterally expand the scope of its Emissions Trading Scheme for road transport and heating fuels (ETS2) to new sectors.

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EU lagging behind on carbon removal policies and funding, research shows

Published 08:00 on February 18, 2025  /  Last updated at 10:51 on February 17, 2025  / /  EMEA, EU ETS, Voluntary

The EU and its member states are still lagging behind in establishing the policies and funding mechanisms needed to scale up carbon removals in line with reaching net zero emissions by 2050, according to new research.

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