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EU Market: EUAs fade after weak auction for 4.2% weekly loss

Published 17:25 on January 24, 2020  /  Last updated at 18:12 on January 24, 2020  /  EMEA, EU ETS  /  No Comments

EUA prices were poised to end Friday more than a euro below last week’s close, as a weak auction stifled prospects of a recovery while traders remain preoccupied with when the UK will finally be able to sell its backdated units.

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Switzerland sets dates for first EU-linked CO2 auction, warns on low price trend

Published 13:03 on January 24, 2020  /  Last updated at 13:14 on January 24, 2020  /  EMEA, EU ETS, Switzerland  /  No Comments

Switzerland has announced dates for its first carbon allowance auction since linking to the EU ETS, but it warned that the sale could be cancelled if the current trend of excessively low clearing prices continues.

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UK levy on airlines, big oil could fund land-based carbon trading, say government advisors

Published 20:39 on January 23, 2020  /  Last updated at 23:33 on January 23, 2020  /  Aviation/CORSIA, EMEA, Voluntary Market  /  No Comments

The UK should consider imposing a levy on airlines and fossil fuel companies to help spur a woodland carbon trading scheme, the country’s official climate advisors said on Wednesday.

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World Bank REDD programme adopts changes to align with CORSIA

Published 18:39 on January 23, 2020  /  Last updated at 00:21 on January 24, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China, China's Offset Market, Climate Talks, EMEA, International, Kyoto Mechanisms, Middle East, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

The World Bank’s Forest Carbon Partnership Facility (FCPF) has made revisions to its deforestation reduction programme methodology in response to comments from an UN aviation expert panel, with an aim of becoming eligible for the international flight offset programme CORSIA.

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New Spanish government raises climate ambition as Brussels readies member state scrutiny

Published 17:53 on January 23, 2020  /  Last updated at 17:53 on January 23, 2020  /  EMEA, EU ETS  /  No Comments

Spain’s new government plans to ratchet down its 2030 emissions goal by a further two percentage points, in a move likely to get firm approval by Brussels this month.

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EU Market: EUAs slip back below €25 as China virus worries markets

Published 17:52 on January 23, 2020  /  Last updated at 18:15 on January 23, 2020  /  EMEA, EU ETS  /  No Comments

EUAs slipped 1% on Wednesday as the energy complex weakened while wider financial markets fretted about the spread of a flu-like virus in China and elsewhere.

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World’s carbon markets grow 34% in value to $215 billion in 2019 -report

Published 21:34 on January 22, 2020  /  Last updated at 11:45 on January 23, 2020  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, Carbon Taxes, China, China's National ETS, China's Offset Market, China's Pilot Markets, EMEA, EU ETS, International, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, South & Central, South Korea, Switzerland, US  /  No Comments

Global carbon markets grew by 34% in 2019 to hit €194 billion ($215.1 bln) in value, according to analysts at Refinitiv, marking a third straight year of growth and a nearly fivefold increase in two years.

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EU chief warns on CO2 border measures, praises California, China

Published 18:53 on January 22, 2020  /  Last updated at 21:16 on January 22, 2020  /  Americas, Asia Pacific, Carbon Taxes, China, EMEA, EU ETS, International, US  /  No Comments

European Commission president Ursula von der Leyen warned on Wednesday that the EU will press ahead with border carbon adjustment plans to protect its industry and workers, but she praised California and China’s carbon pricing efforts that could mean the measures are never needed.

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EU Market: EUAs lift above €25, though lose most early gains

Published 18:24 on January 22, 2020  /  Last updated at 21:23 on January 22, 2020  /  EMEA, EU ETS  /  No Comments

EUA prices lifted back above €25 on Wednesday, though much of the early gains made in the auction-free session were given back later on.

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EU Market: EUAs slip below €25 amid tepid auction demand

Published 17:30 on January 21, 2020  /  Last updated at 23:01 on January 21, 2020  /  EMEA, EU ETS  /  No Comments

EUAs dipped below €25 early on Tuesday as auction demand continued to be lacklustre even as Germany gave further clarity about efforts to ensure its coal power phaseout won’t dampen demand.

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