Australian business group seeks to keep climate issues out of EU trade talks
Amid concerns that Australia might botch its Paris Agreement obligations, one of the nation’s biggest business groups on Friday said environmental concerns had no place in free trade talks with the EU and should be kept to relevant international forums such as the UNFCCC.
Read MoreGerman EUA auction fails, sending prices reeling
Germany’s auction of 4.36 million spot EUAs was cancelled on Friday because the clearing price was significantly below the secondary market, according to host platform EEX.
Read MorePoland lodges request for EU to investigate ETS price hike, says some other states agree
Poland has lodged a written request urging the EU to investigate whether EU ETS price increases have arisen due to market manipulation, junior energy minister Tomasz Dabrowski said Thursday.
Read MoreExpect EUA growth path to resume after sudden crash, say analysts
EU carbon is expected to resume its upward trajectory and quickly rebound from last week’s 30% crash as prices remain some distance from fuel-switch levels that would curb demand, analysts said.
Read MoreEV coalition launches voluntary offset methodology to fund infrastructure
A joint project between US electric vehicle (EV) stakeholders, an advisory firm, and an offset registry has yielded a new offset methodology to produce voluntary carbon credits from EV charging and help foster the growth of the sector.
Read MoreHistory lesson: Will EU carbon forge higher like the S&P, or has it peaked like Bitcoin?
EU carbon has retreated from its 10-year high touched last week, prompting one of the market’s top technical analysts to pontificate on where prices could head next.
Read MoreUPDATE- EU Market: EUAs jump above €22 in more choppy trade
EU carbon prices shot above €22 on Thursday, and even briefly touched €23, continuing this week’s highly volatile activity amid surging energy prices.
Read MoreEU Market: EUAs jump 6% to above €21 after failed auction
European carbon prices climbed 6% on Wednesday, shooting back above €21 after another UK auction failed as the market continued to experience high volatility.
Read MoreBusiness lobby wary of backing a deeper 2030 EU emission goal
EU trade association BusinessEurope said Wednesday it is wary about supporting an increase to the bloc’s overall 2030 emissions target, even though agreed policies put the bloc on track to outpace the current goal.
Read MoreUK auction fails for third time this year on weak demand
The UK’s spot EUA auction failed on Wednesday, marking the third time this year that an ICE-hosted sale has been cancelled due to weak demand.
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