EU Market: EUAs dip for a 2.2% weekly loss as Brexit uncertainty continues
European carbon prices eased back on Friday in relatively calm trade that remains stifled by uncertainty over how and when Britain might leave the EU carbon market.
Read MoreGermany, Italy help EU reach ‘two-thirds complete’ mark in 2019 free EUA allocations
EU member states have handed out a further 57 million free carbon allowances over the past fortnight, with Germany and Italy accounting for the bulk of that.
Read MoreENI becomes second oil major to include REDD in climate commitments
Italian oil major ENI will invest in forest protection as part of a voluntary pledge to achieve net zero upstream emissions by 2030, it said on Friday, but the firm’s plans to grow fossil fuel output mean its full carbon footprint is still likely to rise.
Read MoreEU Market: EUAs lift as no-deal Brexit fears diminish, though sinking gas weighs
EUAs climbed on Thursday as the immediate prospect of a ‘no-deal’ Brexit faded, though prices remain pinned by uncertainty over Britain’s EU divorce, with cheaper gas also weighing.
Read MoreEU Parliament piles pressure on leaders to take ambitious line on bloc’s 2050 climate strategy
The full EU Parliament on Thursday urged EU leaders to frame a more ambitious 2050 bloc-wide climate strategy and for Brussels to propose legislation to raise the bloc’s 2030 emission goal.
Read MoreRWE moves ahead on hedging, as emissions fall 10.5% in 2018
German utility RWE advanced its hedging position steadily over the quarter to leave it slightly ahead of where it was a year ago, the company said in its full-year results on Thursday.
Read MoreCompliance buying to lift EU carbon prices above €30 in second half of 2019 -analysts
EU carbon allowances will rise to record highs during the second half of the year, analysts said, but not before prices muddle along within their current trading range through the rest of H1 2019.
Read MoreFEATURE: Europe’s GO price boom falters as ‘sleeping giants’ stir
European green certificate prices this year are likely to stay well below 2018’s record levels as the prospect looms of fledgling supply from renewables majors France and Germany, a conference heard this week.
Read MoreEU Market: EUAs continue to vacillate as traders await Brexit progress
European carbon ended steady on Wednesday after hitting a one-week low below €22, as many traders remained on the sidelines awaiting more developments in the Brexit brouhaha.
Read MoreNetherlands government buckles on CO2 tax as advisors flag climate plan shortfall
The Dutch government has vowed to introduce a carbon tax for companies, caving to pressure to force more climate costs onto business after advisers said its draft plan for meeting 2030 emission targets will fall short.
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