EU power emissions decline puts steel’s coal use in crosshairs -analysts
The EU must increasingly focus on reducing the steel sector’s use of coal, analysts said on Tuesday, in finding that steelmaking facilities that use the heavy-polluting fuel were the top emitters in seven nations last year.
Read MoreEU Market: EUA jump 14% above €20 as markets react to signs of virus slowdown
EUAs raced up by over €2.50 to top €20 on Monday as shorts scrambled to cover positions and as wider European markets rallied on signs of a slowdown in coronavirus cases, even as oil prices declined.
Read More*NEW PODCAST*: CARBON PULSE CONVERSATIONS
Being confined to our homes with the wider world firmly under lockdown due to the coronavirus, we have started a podcast: Carbon Pulse Conversations. Check out our first episode!
Read MoreUkraine flags concerns over “extremely sensitive” EU carbon border tax plan
A Brussels plan to impose a carbon price on imports may have widespread consequences for Ukraine’s industry, the country has said, giving the clearest signal yet that the EU’s neighbours are beginning to show concerns over the potentially divisive measure.
Read MoreEstonian finance minister looking into EU ETS exit over soaring power prices -state media
Estonia’s finance minister is investigating whether the country can cease participation in the EU carbon market in order to ease the country’s power prices.
Read MoreEU states, UK dish out 54 mln more free EUAs for 2020
EU member states and the UK handed out more than 54 million additional free carbon allowances to industrial emitters over the past two weeks, according to updated data released late Friday by the European Commission.
Read MoreEU Market: EUAs stick close to €18 for big weekly gain as oil surges
EUAs failed to hold on to midday gains above €18 on Friday but still notched a near-10% weekly rise as spiking oil prices outweighed wider market concerns over the global coronavirus epidemic.
Read MoreEU carbon prices stable after virus selloff, but more weakness, big emissions drop seen ahead -analyst
After cratering due to COVID-19 over the past few weeks, EU carbon prices have now stabilised and are trading at levels representative of decreased emissions demand caused by the crisis, an analyst said, estimating that figure to be around 80-100 million tonnes.
Read MoreCoronavirus plagues South Africa carbon tax collections
The coronavirus crisis is introducing a number of problems for South Africa and its new carbon tax, including preventing emitters from registering to pay it, experts say.
Read MoreCOMMENT: Five massive drivers of future demand for offsets
Prior to the onslaught of COVID-19, a quick scan of the news each day would reveal that climate change is on the minds of customers and corporates worldwide. Warmer winters with rain where there was once snow, colder weather anomalies due to destabilization of the polar vortex, and summers punctuated by raging fires in both hemispheres make the topic impossible to ignore. And, while new regulatory regimes are cropping up across the globe, voluntary action is on the rise.
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