EU ministers leave door open for hydrogen blending in cross-border energy projects
EU energy ministers on Friday agreed their common position on the EU’s cross-border energy infrastructure regulation, leaving the door open to blending hydrogen with natural gas in a transitional phase despite opposition from several member states.
Read MoreEuro Markets: EUAs, UKAs slip as rallies peter out on supply concerns
EUAs fell by more than €1 and UKAs shed £1 on Friday to give back some of the week’s strong gains, as supply concerns mounted and confidence faded that prices might see a near-term return to their recent all-time highs.
Read MorePREVIEW: Switzerland’s climate strategy faces knife-edge public vote
Switzerland’s updated climate plan is being put to a referendum on Sunday, with experts deeming the vote too close to call despite wide political support for proposals including less reliance on foreign offsets and innovative flight taxes.
Read MoreGlobal shipping’s R&D fund seen getting top billing over carbon pricing at UN talks
The UN’s International Maritime Organisation’s (IMO) will in the coming days attempt to advance negotiations around an industry-led proposal for a small fuel levy to finance shipping R&D, with observers expecting this effort to eclipse discussions on global carbon pricing measures for the sector.
Read MoreEuro Markets: EUAs fail to top €54 amid caution over looming supply, while UKAs also lose momentum
EUAs failed to hold their recent intraday highs near €54 for a second day on Thursday, as this week’s rally in European carbon risked petering out amid a less supportive energy complex and ahead of an upcoming supply influx.
Read MoreUK raises ETS cost containment trigger price for June, as summer supply intervention grows more likely
The UK government has published the latest trigger price for the Cost Containment Mechanism (CCM) in its new emissions trading system, with the market still on track to elicit supply-side intervention possibly as soon as August.
Read MoreECOSYSTEM MARKETPLACE – Shades of REDD+: Corresponding Adjustments, Equity, and Climate Justice
The increasing commoditization of carbon markets makes us forget that behind these board room discussions, there is a real-world problem out there with the plight of real people at stake. While being an invention of the global north, carbon markets came with a great promise for us here in the South. The idea of backing voluntary claims with corresponding adjustments puts this promise at grave risk, writes Sandeep Roy Choudhury – Co-Founder of VNV Advisory Services, Co-Chair of the International Carbon Reduction and Offset Alliance (ICROA), and Director at the Carbon Initiative Forum.
Read MoreEuropean Commission joining Czech lawsuit against Poland over coal mine
The European Commission is joining a lawsuit filed at Europe’s highest court by Czechia against Poland over an open-pit lignite mine near the two countries’ border.
Read MoreEuro Markets: EUAs jump nearly 4% on supportive energy, technicals as bulls re-emboldened
EU carbon prices rose more than €2 on Wednesday to top €54 for the first time in two weeks, as bullish technicals, a strong auction, and a supportive energy complex helped push prices back towards record levels.
Read MoreEU plans new social fund from expanded carbon market, says EC climate chief
The European Commission will create a ‘climate action social fund’ with revenues from an expanded carbon market if it decides to bring emissions from vehicles and buildings under the EU ETS, the bloc’s climate chief Frans Timmermans said on Wednesday.
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