UK 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.
Read MoreGerman carbon market alliance urges clearer rules to scale VCM demand
Germany-based carbon market participants on Thursday called for stronger political recognition and clearer rules for the use of carbon credits, saying uncertainty is creating hesitation among buyers in the voluntary carbon market (VCM).
Read MoreEU pressed to broaden context of ETS review amid industrial alarm
The upcoming revision of the EU’s Emissions Trading System (ETS) cannot stop at the cap trajectory and other technical adjustments, according to a Brussels think tank, which calls for deeper fixes to address Europe’s flagging economic competitiveness.
Read MoreEuro Markets: EUAs weaken for third day, easing back into recent range as trade activity dwindles
EU carbon allowances extended their decline for a third session in light trading, as participants appeared to step back from the market ahead of the options expiry and while awaiting more news on peace talks in Iran, while energy markets rose sharply later in the day as tensions appeared to be increasing in the Strait of Hormuz.
Read MoreItaly urges EU to freeze ETS free carbon allowance benchmarks amid industry concerns
Italy has called on the European Commission to temporarily freeze key benchmarks in the EU’s Emissions Trading System (ETS) that determine free carbon permit handouts, warning that planned changes could harm industrial competitiveness and create regulatory uncertainty.
Read MoreEU regulation spurring a wave of green alternative cement producers, analysis shows
Europe is racing ahead in low-carbon cement ahead of the twin impact of planned changes to the EU ETS and the full rollout of the Carbon Border Adjustment Mechanism (CBAM), a survey has found.
Read MorePolish business group wants to delay EU ETS2 “by several years”
Business & Science Poland (BSP) has urged EU policymakers to delay the launch of the bloc’s new Emissions Trading System for buildings and road transport (ETS2) “by several years”, while also calling for more “flexibilities” in the EU’s wider climate policy architecture.
Read MorePredictability seen as edge in Canada’s CDR policy approach -webinar
Canada and the US are taking different approaches to building domestic carbon removal (CDR) markets, with policy design emerging as a key factor in shaping investment and deployment, speakers said during a Tuesday webinar.
Read MoreEuro Markets: EUAs recover early losses as market hovers between technical levels
EU carbon prices ended Tuesday slightly lower after climbing away from a key technical support area, while the energy complex posted robust gains in the afternoon, as markets eyed a Wednesday deadline for peace talks between the US and Iran to begin.
Read MoreEUA price projection revised down as emissions fall due to industrial slowdown
EU Allowances will end the year around the €75 per tonne mark, analysts at a London-based firm have forecast, as a fall in output from industrials, rather than increased decarbonisation, continues to weaken emissions in ETS sectors.
Read More