EU Market: EUAs jump nearly 5% on gas market reversal
EUAs leapt back above €33 on Tuesday, snapping a four-day decline as colder weather prospects prompted a gas-led reversal in the energy complex.
Read MoreANALYSIS: Merkel’s party successor may need to show more on climate to win German elections
The newly elected leader of Germany’s powerful CDU party may need to forge a more ambitious climate stance ahead of this September’s federal election, when environmental issues are likely to feature strongly.
Read MoreEU Market: EUAs re-test €32 in halt to pullback
EUAs straddled the €32 mark on Monday as US markets were closed and observers expected carbon to show some resilience following last week’s 9% loss.
Read MoreCarbon pricing, international credits can help curb methane emissions from oil and gas, IEA says
A robust global carbon price can help cut the oil and gas sector’s methane emissions together with other market-based mechanisms such as international credits, the IEA said on Monday.
Read MorePOLL: Analysts again raise EUA price estimates, but little more upside seen in 2021 following latest rally
Analysts have raised their forecasts for EU carbon allowances in 2021, though most don’t see prices rising this year much beyond this month’s record high.
Read MoreEU Market: EUAs plummet 5% as gas rout persists
EUAs dropped to below €32 on Friday, falling further amid continued losses to the energy complex and cancelling out gains since new year that had pushed carbon to record highs.
Read MoreEU carbon border levy most effective if revenues ‘recycled’ into clean tech -report
A carbon border adjustment mechanism (CBAM) will be most effective if the EU reinvests revenues into R&D for low-carbon technologies and clinches multilateral deals with trade partners, according to a report released this week.
Read MoreGulf-based carbon standard targets issuance of 10 mln offsets in 2021
The first carbon credit standard in the Middle East aims to issue 10 million offsets this year from carbon-cutting projects, including units that other standards won’t touch.
Read MoreEU Market: EUAs weaken as gas pullback continues
EUA prices recovered from an early drop below €33 on Thursday, finding buyers near a key technical support as gas prices continued their retreat from lofty highs seen earlier in the week.
Read MoreGlobal energy-related emissions to peak in 2023, but pathway “too slow” to hit Paris-aligned 1.5C -report
Emissions from global energy systems will peak in 2023, but the speed of decarbonisation remains off pace to put GHG output on a path in line with a temperature rise of 1.5C above pre-industrial levels, according to a report released Thursday.
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