EU Midday Market Update
European carbon prices hit a fresh six-week low early on Tuesday, but rebounded amid a strong auction while energy markets were mixed.
Read MoreUK’s easyJet becomes first major airline to offset all flight emissions
Low-cost carrier easyJet will become the first airline to offset the fuel emissions from all of its flights, it announced Tuesday as part of its annual results.
Read MoreSwitzerland opens second call for ITMO proposals
Switzerland’s carbon credit procurement agency Klik has launched a second call for proposals from developers hoping to sell emission units to the country under the Paris Agreement’s Article 6.
Read MoreEU Market: EUAs sink to 6-week low below technical support
EUAs hit a six-week low on Monday, extending Friday’s bottom trade as weak energy markets helped push carbon below a key support level despite a stronger auction.
Read MoreDecarbonisation of EU building stock needs Green Deal, not ETS -trade group
The EU’s buildings sector will be more quickly and effectively decarbonised under a European Green Deal than through inclusion in the bloc’s ETS, according to a trade group.
Read MoreSwiss carbon prices soar 150% in latest auction, as EU link draws closer
Swiss carbon prices have soared by 150% in the country’s latest allowance auction, with values finally starting to converge with EU prices as the two markets near linkage.
Read MoreANALYSIS: Experts divided on CORSIA aviation offset supply estimates, with CDM renewal risk in focus
Experts are differing greatly on the potential supply of eligible carbon credits that could be available under ICAO’s global aviation offset scheme, and specifically on the amount of available CDM units, which are poised to play a key role.
Read MoreShipping groups suggest fuel levy idea as EU measures loom larger
Industry associations have suggested charging ships a $2/tonne fuel tax, in one of several measures discussed at the UN’s maritime body IMO this week as the sector strives to avoid regulation under the EU ETS.
Read MoreEU Market: EUAs bounce off fresh 1-month low but still post 4% weekly loss
EUAs extended their one-month low on Friday but bounced off a key technical support to claw back towards €24, aided by resurgent energy markets.
Read MoreEuropean Investment Bank signals end to fossil fuel lending by 2021
The EU-owned European Investment Bank (EIB) will stop lending money to unabated fossil fuel projects at the end of 2021, it said late on Thursday, as green groups welcomed the move despite loopholes that give limited potential to sidestep the measure.
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