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EU Market: EUAs slip back from 1-month high amid wild speculator-led swings

Published 19:30 on April 9, 2020  /  Last updated at 02:11 on April 10, 2020  /  EMEA, EU ETS  /  No Comments

EUAs hit a fresh one-month high on Thursday but sank back towards €21 in choppy trade following this morning’s auction and as wider markets fluctuated wildly on mixed news.

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ANALYSIS: EU industry seeks to safeguard flow of free carbon units as virus impact skews

Published 19:23 on April 9, 2020  /  Last updated at 19:46 on April 9, 2020  /  EMEA, EU ETS  /  No Comments

EU heavy industry is lobbying to ensure its allocation of free carbon allowances is maintained once production recovers from massive drops due to the coronavirus outbreak, business sources have told Carbon Pulse.

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FEATURE: Verra aims for more streamlined process with in-house offset registry

Published 16:13 on April 9, 2020  /  Last updated at 23:27 on April 9, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, EMEA, International, REDD, South & Central, US, Voluntary Market  /  No Comments

Offset standard developer and manager Verra is seeking to cut red tape and costs for stakeholders by launching its own registry, becoming the latest US-based organisation to administer its own system.

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Estonian finance minister issues formal call to leave EU carbon market

Published 19:54 on April 8, 2020  /  Last updated at 19:54 on April 8, 2020  /  EMEA, EU ETS  /  No Comments

Estonia’s finance minister has formally called for his country leave the EU carbon market in order to reduce power prices amid the coronavirus outbreak, though any efforts are likely to be in vain.

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EU Market: Carbon climbs back above €21 in shaky, thin trade as speculators track US stocks

Published 19:25 on April 8, 2020  /  Last updated at 21:31 on April 8, 2020  /  EMEA, EU ETS  /  No Comments

EUAs rose back above €21 on Wednesday after absorbing bumper supply from two auctions, withstanding pressure to give back recent gains as the carbon market appeared to once again track US equities for much of the day.

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Virus crisis to test EU resolve for tighter MSR, 2030 emission target -analysts

Published 18:37 on April 8, 2020  /  Last updated at 01:35 on April 9, 2020  /  EMEA, EU ETS  /  No Comments

An EU push to ratchet up the ETS’ supply control mechanism and tighten 2030 emissions targets will face a big test in the following months as the 27-nation bloc copes with the coronavirus, a report released on Wednesday found. 

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Global coal power keeps coming even if almost half is unprofitable -report

Published 18:06 on April 8, 2020  /  Last updated at 00:14 on April 8, 2020  /  Americas, Asia Pacific, China, EMEA, EU ETS, International  /  No Comments

Nearly half of the world’s coal power plants will run at a loss this year even as carbon prices have a negligible effect in many countries outside the EU, a report published Wednesday has found.

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UPDATE – EUAs to tumble to €11 on coronavirus, could crash to €5 in worst case -analysts

Published 21:19 on April 7, 2020  /  Last updated at 12:47 on April 8, 2020  /  EMEA, EU ETS  /  No Comments

EU carbon prices will resume their downtrend to average €11 this quarter amid an ongoing reduction in power demand and a big fall in the bloc’s 2020 GDP due to the coronavirus, analysts said Tuesday, warning that EUAs could eventually crash to as little as €5 if the crisis persists.

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EU Market: EUAs retreat after plugging gap to new 3-wk high, as some call rally’s end

Published 19:47 on April 7, 2020  /  Last updated at 19:47 on April 7, 2020  /  EMEA, EU ETS  /  1 Comment

EUAs extended their recent gains into a fourth session on Tuesday, adding as much as 6.6% to hit a new three-week high before retreating to erase the day’s rise as more observers questioned the sustainability of the rally.

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Inclusion of shipping in EU ETS gains wide MEP support -key lawmaker

Published 13:17 on April 7, 2020  /  Last updated at 23:57 on April 7, 2020  /  EMEA, EU ETS, Shipping  /  No Comments

A proposal to include shipping in the EU ETS has gathered an “encouraging” consensus among EU lawmakers, according to the European Parliament’s lead lawmaker on the issue. 

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