Carbon cost pass-through, financing constraints to dictate heavy industry transition under rising carbon prices -study
Energy-intensive firms’ ability to pass carbon costs on to customers and secure sufficient financing will be decisive in determining whether they can survive tightening climate policy and deliver decarbonisation, according to new research.
Read MoreEuro Markets: EUAs post 3.3% weekly drop despite two days of marginal gains as market locks onto technical level
European carbon allowances posted a 3.3% weekly drop despite ending Friday with a marginal gain, as EUAs gave up gains from a sharp burst of aggressive buying that took prices up by €1 in just 10 minutes, while traders reported a market that appeared largely content to trade around a technical level while waiting for more geopolitical and regulatory news inputs.
Read MoreEU leaders set Q1 2027 deadline to finalise carbon market overhaul
The EU has set a first-quarter 2027 deadline to clinch a political deal on a major overhaul of its Emissions Trading System (ETS), anchoring carbon market reform in a newly adopted roadmap to deepen the bloc’s single market and boost competitiveness.
Read MoreInvestors to call for German chemical giant to halt EU climate lobbying
An investor group plans to challenge the German chemical producer BASF on climate lobbying at its annual general meeting on Apr. 30, and will call on to align lobbying with its stated climate commitments.
Read More‘See you in court’: Draft EU ETS benchmark for aluminium sparks industry outrage
The upcoming revision of best-in-class production benchmarks that determine the volume of free CO2 permits allocated under the EU Emissions Trading System (ETS) has caused anger in the aluminium sector, with one senior industry executive threatening to challenge the plan in court.
Read MoreFrance outlines stance on upcoming EU ETS reform
Paris has outlined its initial stance on the upcoming revision of the EU Emissions Trading System (ETS), due in July, saying that the scheme’s overall level of ambition must be considered alongside efforts in non-ETS sectors such as transport, buildings, and forestry, while pushing for up to 300 million carbon permits to remain in circulation in 2040.
Read MoreEuro Markets: EUAs congregate around technical level on thin volume as wider markets await Iran news
EU carbon prices rose slightly on Thursday morning as a low-key market traded around a key technical level, while energy markets strengthened as the stand-off between the United States and Iran in the Strait of Hormuz continued.
Read MoreFrance to oppose adding municipal waste incineration to EU ETS
Paris intends to oppose the inclusion of municipal waste incinerators in the EU’s Emissions Trading System (ETS), in an outline of its initial views on the market’s upcoming revision, due in July.
Read MoreBrussels to speed up verification of Ukraine’s EU CBAM emissions -minister
The European Commission has agreed to accelerate the verification of emissions embedded in Ukrainian exports subject to the EU’s Carbon Border Adjustment Mechanism (CBAM) to relieve pressure caused by the country’s war with Russia, a minister said this week.
Read MoreUK govt should champion carbon markets for economic growth and jobs, finds report
The UK government should seize the opportunity to unlock billions of investment and thousands of jobs by championing the country’s carbon market through better inter-governmental alignment, said industry bodies in a new report.
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