EU set to overachieve its 2020 emissions reduction target
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.
Read MoreEU carbon market must include methane emissions from 2030 -NGO report
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.
Read MoreTalks to finalise EU Climate Law expected to drag into next year -sources
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.
Read MoreUN considers stopgap CDM deal to stave off Paris-era freeze out
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.
Read MoreEU Commission confirms delay to 2021 free allowance allocations
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.
Read MoreSwiss-EU ETS allowance transfer calendar for 2021 published
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.
Read MoreEU Market: EUAs extend 2-mth high above €28 as Phase 3 supply source ebbs
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.
Read MoreEU carbon market extension to cars, buildings seen as “risky” in key consultation
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.
Read MoreCOMMENT: EU ETS Phase 4’s starting pistol misfires
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.
Read MoreNetherlands sets rate for carbon tax on ETS-covered industry
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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