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Norway sets more ambitious non-ETS climate goals than EU members

Published 00:00 on January 19, 2019  /  Last updated at 08:22 on January 19, 2019  /  EMEA, EU ETS  /  No Comments

Norway’s new government has set itself a more ambitious 2030 emission reduction goal for non-ETS sectors than any other EU member state, but the country is fighting criticism for failing to rein in its big-emitting oil and gas sector.

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EU Market: Brexit moves, cold snap help EUAs add 10% in three days

Published 19:34 on January 18, 2019  /  Last updated at 23:13 on January 18, 2019  /  EMEA, EU ETS  /  No Comments

European carbon prices extended this week’s gains on Friday, nearing €25 on lingering bullish sentiment from Brexit developments and the cold snap that has started to chill much of Western Europe.

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EU Market: EUAs rise to test €24 as UK lawmakers plot Brexit re-think

Published 19:15 on January 17, 2019  /  Last updated at 21:18 on January 17, 2019  /  EMEA, EU ETS  /  No Comments

EUAs rose to test €24 on Thursday as financial markets drew some comfort from UK lawmaker efforts to stave off a hard Brexit.

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A global carbon tax may be more feasible than previously thought -survey

Published 09:13 on January 17, 2019  /  Last updated at 16:44 on January 17, 2019  /  Americas, Asia Pacific, Carbon Taxes, EMEA, International  /  No Comments

The general public in both rich and poor countries shows a consistently high level of support for a carefully designed global carbon tax, a survey found.

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EU Market: EUAs jump on Polish auction, as coal lifts energy complex above Brexit cloud

Published 18:55 on January 16, 2019  /  Last updated at 19:12 on January 16, 2019  /  EMEA, EU ETS  /  No Comments

EUAs climbed to a seven-day high on Wednesday as colder weather prospects and a bullish result in an oversized Polish auction lifted the energy complex amid wider Brexit uncertainty.

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POLL: Analysts trim near-term EUA price forecasts as bearish headwinds pick up

Published 16:53 on January 16, 2019  /  Last updated at 16:58 on January 16, 2019  /  EMEA, EU ETS  /  No Comments

Analysts have trimmed their near-term EU carbon price forecasts following last year’s massive gains and amid Brexit uncertainties and a general lacklustre start to 2019, according to a poll of 12 experts conducted by Carbon Pulse.

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Global clean energy investment dips 8% as solar panel glut takes effect -BNEF

Published 13:45 on January 16, 2019  /  Last updated at 23:44 on January 16, 2019  /  Americas, Asia Pacific, EMEA, International  /  No Comments

Global clean energy investments fell 8% in 2018 to $332.1 billion as a solar panel production glut slashed prices and China cut subsidy access, according to researchers BloombergNEF (BNEF).

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Global CO2 trading volume spikes 45% in 2018, value soars 250% amid reforms -analysts

Published 21:25 on January 15, 2019  /  Last updated at 21:27 on January 15, 2019  /  Americas, Asia Pacific, Canada, China, China's National ETS, China's Offset Market, China's Pilot Markets, EMEA, EU ETS, International, Kyoto Mechanisms, New Zealand, South Korea, US  /  No Comments

Global traded carbon volumes rose 45% in 2018 to a five-year high of 9.1 billion tonnes as the dominant EU ETS market notched stellar price gains, Refinitiv analysts said in an annual market review on Tuesday.

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UK lawmakers reject Brexit deal, keeping EU ETS future in doubt

Published 21:12 on January 15, 2019  /  Last updated at 22:28 on January 15, 2019  /  EMEA, EU ETS  /  2 Comments

UK lawmakers overwhelmingly rejected negotiators’ Brexit deal late on Tuesday, triggering a vote of no confidence in Prime Minister Theresa May and prolonging the uncertainty over Britain’s future relationship with the EU and its carbon market.

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EU Market: EUAs steady as traders await Brexit vote

Published 18:33 on January 15, 2019  /  Last updated at 19:17 on January 15, 2019  /  EMEA, EU ETS  /  No Comments

European carbon prices held steady on Tuesday ahead of a crucial vote by UK lawmakers on Prime Minister Theresa May’s Brexit deal with the EU.

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