Utilities Enel, Uniper report a rebound in power output for Q1
European utilities Enel and Uniper both reported a year-on-year rebound in power output for Q1 on Thursday, with last year’s generation levels disrupted by the start of the coronavirus crisis and dampened by warmer weather.
Read MoreEU Market: EUAs climb back above €50 as rally resumes
EUAs resumed their record-breaking run on Thursday, climbing back above €50 to extend the week’s all-time high as bullish sentiment continued to hold sway.
Read MoreArcelorMittal output recovers in “strongest quarter in a decade”, announces low-carbon steel projects
Steelmaker ArcelorMittal saw a substantial demand recovery in Q1, achieving the “strongest” quarterly results in a decade following the COVID-19 crisis, it said in financial results on Thursday that also unveiled new deals to reduce emissions at its European facilities.
Read MoreEuropean renewables expert joins IncubEx from South Pole
Environmental markets platform IncubEx has hired a new director to further develop its European carbon and renewables certificates offerings.
Read MoreVerra, Greenpeace square off over criticism of forest carbon credit methodologies
Standard-setting body Verra this week accused Greenpeace of misrepresenting its forest carbon offset methodologies and cherry-picking expert opinions to undermine the credibility of its REDD+ projects in two recent articles.
Read MoreEU Market: EUAs rebound as post-compliance sentiment holds
EUAs lifted back above €49 on Wednesday, clawing back all of the previous session’s losses that followed the market’s first-ever break above €50, while trading data showed investment funds pared back their net long positions amid a new all-time high in participants.
Read MoreGermany to move net zero goal forward five years to 2045, upgrade 2030 target
The German government will next week propose legislation to move its domestic climate neutrality objective forward by five years to 2045 and set higher targets for 2030 and 2040, its finance minister announced Wednesday in response to a court ruling last week.
Read MoreEU underlines support for green steel in new industrial roadmap
The European Commission on Wednesday presented an updated EU Industrial Strategy, underlining its support for European clean steel production and hinting at the creation of an EU-wide carbon contract-for-difference (CCfDs) scheme.
Read MoreUK to publish free carbon allowance quota figures next week, with allocations to start “shortly after”
The British government will next week publish this year’s free carbon allowance allocation quotas under the new UK ETS, with distribution set to begin “shortly after” that following several months of delays.
Read MoreClimateCare, Natural Capital Partners merge as voluntary market deals gather pace
ClimateCare and Natural Capital Partners have merged to help build global scale in the rapidly expanding voluntary carbon market.
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