UK ETS free allowance handouts held up due to EU delays
The free allocation of the first carbon allowances under the UK’s new emissions trading scheme is being held up because the handouts depend on EU calculations, even though the systems are separate.
Read MoreEU Market: EUAs make late run above €38 after earlier technical breach
EUAs lifted 1.5% on Monday as a late surge briefly pushed prices above €38, reversing earlier losses after a breach of technical support failed to trigger further falls.
Read MoreSwiss initiative taps trading firms to steer growth in climate neutral commodities
A Swiss non-profit is developing a method for standardising climate neutral commodity transactions, attracting interest from major trading houses keen to align with the Paris Agreement.
Read MoreEU’s supply-managing MSR destabilising market, needs price-based redesign -researchers
The EU carbon market’s MSR urgently needs to be redesigned to use allowance prices rather than circulating volumes to manage supply, researchers argue, as the mechanism in its current form risks destabilising the ETS and undermines the bloc’s emissions reduction targets.
Read MoreEU Market: EUAs fade to 6.5% weekly loss, as traders mixed on next move
EUAs dipped towards €37 on Friday, falling further from the all-time high levels earlier this week as observers were mixed as to where they thought carbon would go next.
Read MoreUkraine’s Naftogaz sets carbon neutrality target, as Kyiv progresses on carbon market plans
Ukrainian state energy producer Naftogaz announced a 2040 carbon neutrality target on Friday, as the country advances mandatory emissions reporting as a “first step” towards a full-fledged ETS.
Read MoreCOMMENT: We’re still in – let’s align the voluntary carbon market with Paris rather than play by our own rules
Corresponding adjustments will be needed in the future whenever a carbon credit is used to offset emissions, to help ensure the promise is kept that the atmosphere is no worse off, argues Hugh Salway of voluntary carbon market certifier Gold Standard,
Read MoreUK court denies brokers’ £5.6 mln tax claim appeal over EU ETS fraud
A London-based brokerage has been denied in its appeal to claim back £5.6 million in tax linked to fraudulent trades in EU carbon allowances.
Read MoreScottish environmental regulator still cut off from comms, emissions MRV systems after hack
The Scottish Environment Protection Agency (SEPA) remains unable to access Britain’s carbon market MRV system or receive correspondence from big emitters after a major cyberattack targeted the regulator almost two months ago.
Read MoreEU Market: EUAs halt losses as some traders eye return to €40
EUAs made slight gains on Thursday, halting a three-day losing streak as some market participants targeted a rapid return to the record levels of earlier this week.
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