Brussels plans emissions-cutting revamp of EU air traffic rules
The European Commission proposed an upgrade to its air traffic management framework on Tuesday, aiming to overcome many failed attempts and to cut the sector’s emissions by 10%.
Read MoreEU Market: EUAs rebound violently after hitting one-month low
EU carbon prices fell to a one-month low on Tuesday, defying a stronger auction and reversals in wider markets, before sharply rebounding to surge by more than €2 from the day’s low on what traders said was a mix of compliance buying and speculative short-covering.
Read MoreCO2 neutrality pledges build among corporates and subnational govts, though inconsistencies remain -report
Net zero emissions pledges are ramping up but in subnational jurisdictions and among companies, but the ultimate scope of these efforts could determine their long-term effectiveness in reducing GHG, according to new analysis published Monday.
Read MoreFrench plans for aviation tax hike to face parliament after ministerial split
France’s parliament will have the last word over a citizen-led climate proposal to increase an aviation levy, following an inter-ministerial dispute and warnings that the hike may hit the country’s economy, the head of a French consultative assembly said on Monday.
Read MoreUK needs wider, higher, and simpler carbon pricing, report says
Post-Brexit Britain needs to expand its carbon pricing to more sectors at a rate rising to at least £75/tonne ($95, €80) by 2030 to put it on a path to reach its 2050 net zero emissions target, according to a report published by an expert group Monday.
Read MoreEU Market: EUAs tumble amid broader market sell-off
European carbon prices sank to a two-week low on Monday on another bearish auction result and as wider markets fell on fears that a resurgence in coronavirus cases could spur a new round of government-imposed restrictions.
Read MoreNorway puts up $1.8 bln for world-first industry CCS project
Norway is prepared to finance two-thirds of the cost of the world’s first full-scale industry CCS project, which will initially capture cement emissions but could eventually store CO2 shipped from the rest of Europe.
Read MoreEU Commission confirms plans to trim industry’s indirect ETS cost compensation
Fewer EU industrial sectors will be eligible for indirect ETS cost compensation through 2030, while the share of costs eligible will be also reduced, according to revised guidelines adopted by the EU on Monday.
Read MoreEU carbon prices could double by 2024 under Commission-inspired ETS reforms -analysts
EU carbon prices could double within the next four years should lawmakers agree to tighten the market based on some of the proposals floated by the European Commission.
Read MoreEU Market: EUAs fade after weak auction for 1% weekly loss
EUAs fell to a one-week low below €28 on Friday after a weak auction exacerbated the bearish ‘fact-selling’ mood following this week’s release of Brussels’ long-awaited climate plan.
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