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EU set to overachieve its 2020 emissions reduction target

Published 19:03 on November 30, 2020  /  Last updated at 01:22 on December 1, 2020  /  EMEA, EU ETS  /  No Comments

The EU is on track to overachieve its 2020 objective to cut emissions 20% below 1990 levels, though progress at national level differs among the 27 states, a European Environmental Agency (EEA) report released on Monday found.

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EU carbon market must include methane emissions from 2030 -NGO report

Published 17:35 on November 30, 2020  /  Last updated at 01:07 on December 1, 2020  /  EMEA, EU ETS  /  No Comments

The EU should bring fugitive methane emissions from coal mines into the EU ETS from 2030 to curb their negative climate impact, a report released on Monday said, detailing output comparable to that of the largest installations covered by the bloc’s cap-and-trade system.

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Talks to finalise EU Climate Law expected to drag into next year -sources

Published 16:06 on November 30, 2020  /  Last updated at 01:00 on December 1, 2020  /  EMEA, EU ETS  /  No Comments

EU decision-makers will begin late on Monday the first round of negotiations over the European Climate Law, sources told Carbon Pulse, with talks expected to conclude in the first quarter of next year.

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UN considers stopgap CDM deal to stave off Paris-era freeze out

Published 13:54 on November 30, 2020  /  Last updated at 13:54 on November 30, 2020  /  Asia Pacific, Aviation/CORSIA, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, South Korea, Voluntary Market  /  No Comments

UN officials are considering ways of temporarily maintaining the CDM into 2021, aiming to avert killing off the offset mechanism before countries decide whether it can transition into the Paris Agreement era.

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EU Commission confirms delay to 2021 free allowance allocations

Published 22:46 on November 27, 2020  /  Last updated at 15:00 on November 28, 2020  /  EMEA, EU ETS  /  No Comments

The distribution of free EU carbon allowances for 2021 will be delayed until at least Q2 next year due to the protracted process to set ETS emissions benchmarks and calculate allocation quotas, the European Commission confirmed on Friday.

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Swiss-EU ETS allowance transfer calendar for 2021 published

Published 22:16 on November 27, 2020  /  Last updated at 22:29 on November 27, 2020  /  EMEA, EU ETS, Switzerland  /  No Comments

The EU and Switzerland has published the ETS allowance transfer window schedule for 2021, providing 29 one-day opportunities for units to flow between the linked carbon markets.

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EU Market: EUAs extend 2-mth high above €28 as Phase 3 supply source ebbs

Published 19:24 on November 27, 2020  /  Last updated at 21:49 on November 27, 2020  /  EMEA, EU ETS  /  No Comments

EUAs reached a fresh two-month high on Friday before easing back for a robust 5.2% weekly gain as fears about an extended auction-free period continued to drive bullish sentiment.

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EU carbon market extension to cars, buildings seen as “risky” in key consultation

Published 18:38 on November 27, 2020  /  Last updated at 18:41 on November 27, 2020  /  EMEA, EU ETS  /  No Comments

Industry groups and NGOs alike agree that expanding the scope of the EU ETS to include vehicles and the bloc’s building stock will be a “risky” move, according to responses to the European Commission’s consultation to review the legislation underpinning the system.

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COMMENT: EU ETS Phase 4’s starting pistol misfires

Published 14:16 on November 27, 2020  /  Last updated at 14:30 on November 27, 2020  /  Conversations, EMEA, EU ETS, Views  /  No Comments

The last week has seen a couple of significant changes to the predicted supply schedule for the start of EU ETS Phase 4, and while they may not be big game-changers in the long term (overall supply in 2021 won’t be affected), they do have the potential to change the market dynamic in the first quarter at the very least.

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Netherlands sets rate for carbon tax on ETS-covered industry

Published 12:13 on November 27, 2020  /  Last updated at 21:37 on November 27, 2020  /  EMEA, EU ETS  /  No Comments

The Netherlands has set the rate at which its carbon tax on EU ETS-covered heavy industries will apply next year, a government agency said Friday, using a measure slightly below current benchmark prices.

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