Euro Markets: EUAs up 0.4% on the week as market settles in for rangebound trading ahead of reforms
European carbon prices posted a 0.4% weekly gain, unwinding the previous week’s 0.4% decline as EUAs continued to travel sideways in a narrow channel ahead of mid-July’s EU ETS reform package, while UKAs dropped 1.4% on the week amid ebbing confidence in a rapid linking agreement.
Read MoreUK engineered carbon removal credits could top 850 mln by 2050 -report
Total UK-based engineered carbon removal credit supply could reach up to 852 million by 2050 under a high-growth scenario, according to modelling commissioned by the British government.
Read MoreEU set to consider €230 mln investment in biodiversity research
The European Union is preparing to analyse an amendment that could channel €230 million into biodiversity research and innovation.
Read MoreEU updates green reporting rules, slashes mandatory datapoints by 60%
The European Commission on Friday proposed revised sustainability reporting standards for companies operating in the EU, saying the changes will cut reporting costs for businesses by around 30%.
Read MoreEU countries to vote on CBAM carbon price deduction rules in September
EU member states will vote in September on rules defining which foreign CO2 prices importers can deduct from their Carbon Border Adjustment Mechanism (CBAM) fees, a European Commission official said.
Read MoreWind energy industry urges EU ETS overhaul to prioritise industrial electrification
The European Commission should use its upcoming revision of the EU Emissions Trading System (ETS) to redirect billions of euros in carbon market revenues towards industrial electrification, trade association WindEurope has said.
Read MoreFive European Commission departments object to draft EU ETS reform
Five European Commission departments have issued negative opinions on a draft reform of the EU’s Emissions Trading System (EU ETS), EU officials told Carbon Pulse.
Read MoreMENA Roundup: Gulf countries build up voluntary carbon markets at home
Middle Eastern and North African (MENA) countries last month offered carrots, sticks, and capacity support to accelerate domestic and regional carbon market development.
Read MoreFinland unveils 10-year roadmap to scale up voluntary nature credit markets
The Finnish government has published a roadmap for supporting the development of voluntary nature credits in the country, outlining actions to 2035 and aiming for integration with the EU’s forthcoming market.
Read MoreEU Parliament puts reform of ETS Market Stability Reserve on hold
The European Parliament lawmaker steering the proposed revision of the ETS Market Stability Reserve (MSR) has opted not to alter the European Commission’s draft, saying the plan must be assessed in the broader context of the upcoming overhaul of the EU’s Emissions Trading System (ETS), due on July 17.
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