CF Asia: Compliance markets risk sidelining high-cost carbon projects, developers say
Compliance markets potentially risk sidelining higher-tech and more expensive mitigation activities, developers warned, arguing that lower-cost supply could divert investment from complex, capital-intensive projects.
Read MorePoland seeks EU court clarity on VAT treatment of cash-settled carbon derivatives
Poland’s top administrative court has asked the EU’s highest court to clarify whether cash-settled derivatives linked to carbon allowances should be exempt from value-added tax (VAT), in a case that could have implications for ETS participants across the bloc.
Read MoreEuro Markets: Carbon posts third straight gain as wider worries recede and focus returns to ETS reforms
European carbon prices settled at their highest in nine days on Tuesday as traders reflected on a slightly calmer short-term geopolitical outlook, and on the EU ETS’ more secure footing after last week’s European Council meeting that reiterated its support for the market.
Read MoreInsurance firm calls for EU ETS price corridor and expanded CBAM
The EU’s carbon pricing scheme needs targeted reform, not a total overhaul, and a price corridor would be the best way to help industries make the necessary investments in decarbonisation, an insurance firm said in a report on Tuesday.
Read MoreANALYSIS: Attention on EU ETS reform turns to Market Stability Reserve as experts anticipate moderate changes
The European Commission’s upcoming plans to ease prices in the EU Emissions Trading System (ETS) are unlikely to fundamentally change how the bloc’s carbon market works and will likely include scrapping the automatic cancellation rule in its supply-balancing Market Stability Reserve (MSR), experts told Carbon Pulse.
Read MoreEU risks long-term pain for short-term gain by watering down ETS, warns NGO
Cutting corners on EU climate targets to ease short-term energy price pressures – for example, by weakening the Emissions Trading System (ETS) – would erode Europe’s industrial base in the long run, an NGO has warned.
Read MoreUK launches consultation on role of sustainable aviation fuel in ETS
The UK ETS Authority has opened a public consultation on how sustainable aviation fuel (SAF) should be treated under the country’s compliance carbon market.
Read MoreEuro Markets: EUAs trade steadily either side of big jump as US extends deadline for Iran to re-open Hormuz
European carbon allowance prices were largely steady either side of a steep jump late in the morning after the US announced it would extend a deadline for Iran to reopen the Strait of Hormuz, with prices leaping 3.2% in a few minutes before continuing to trade in a narrow range as the carbon market waited for signals from Brussels on the likely shape of various reforms to the EU ETS.
Read MoreAluminium accounts for bulk of Gulf countries’ exposure to EU CBAM -report
Aluminium exports are the main driver of Gulf nations’ exposure to the EU’s Carbon Border Adjustment Mechanism (CBAM), according to analysis published Monday.
Read MoreUPDATE – EU to propose revision of ETS Market Stability Reserve “before Easter”, retain volume-focused triggers, officials say
A planned revision of the EU ETS Market Stability Reserve (MSR) will be presented “before Easter”, officials in Brussels said on Monday, also confirming that the European Commission was not planning to put forward a shift from volume- to price-linked triggers as part of the plans.
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