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EU Parliament approves ‘climate’ Commission chief without Greens backing

Published 20:31 on July 16, 2019  /  Last updated at 21:43 on July 16, 2019  /  EMEA, EU ETS  /  No Comments

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.

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EU Market: EUAs retreat below €28.50 as bullish drivers fade

Published 18:33 on July 16, 2019  /  Last updated at 19:50 on July 16, 2019  /  EMEA, EU ETS  /  No Comments

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.

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French environment minister De Rugy resigns over spending scandal

Published 15:06 on July 16, 2019  /  Last updated at 15:38 on July 16, 2019  /  Carbon Taxes, EMEA  /  No Comments

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.

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France, Germany advisers tout more teamwork on non-ETS carbon pricing

Published 13:54 on July 16, 2019  /  Last updated at 13:54 on July 16, 2019  /  EMEA, EU ETS  /  No Comments

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.

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German government keeps CER standards in new tender to offset travel emissions

Published 13:40 on July 16, 2019  /  Last updated at 13:40 on July 16, 2019  /  EMEA, International, Kyoto Mechanisms, Voluntary Market  /  No Comments

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.

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New Entrants’ Reserve allocations dip as clock ticks down on free EU Allowances

Published 22:51 on July 15, 2019  /  Last updated at 23:05 on July 15, 2019  /  EMEA, EU ETS  /  No Comments

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.

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Greece’s PPC fails again in lignite sale as bidders wait for new government line

Published 20:49 on July 15, 2019  /  Last updated at 20:52 on July 15, 2019  /  EMEA, EU ETS  /  No Comments

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.

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EU Market: EUAs extend 11-year high for fourth day as energy prices keep pace

Published 20:22 on July 15, 2019  /  Last updated at 22:24 on July 15, 2019  /  EMEA, EU ETS  /  No Comments

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.

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Five more tropical forest countries selected to World Bank’s REDD Fund

Published 17:43 on July 15, 2019  /  Last updated at 17:43 on July 15, 2019  /  Africa, Americas, Asia Pacific, Aviation, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, South & Central, Voluntary Market  /  No Comments

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.

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EU Commission chief nominee offers more climate ambition in bid for MEP votes

Published 16:46 on July 15, 2019  /  Last updated at 19:27 on July 16, 2019  /  EMEA, EU ETS  /  No Comments

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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