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UK ETS free allowance handouts held up due to EU delays

Published 21:44 on February 22, 2021  /  Last updated at 00:38 on February 25, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

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.

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EU Market: EUAs make late run above €38 after earlier technical breach

Published 18:47 on February 22, 2021  /  Last updated at 23:11 on February 22, 2021  /  EMEA, EU ETS  /  No Comments

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.

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Swiss initiative taps trading firms to steer growth in climate neutral commodities

Published 09:46 on February 22, 2021  /  Last updated at 18:34 on February 22, 2021  /  Americas, Asia Pacific, EMEA, International, REDD, Switzerland, Voluntary Market  /  No Comments

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.

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EU’s supply-managing MSR destabilising market, needs price-based redesign -researchers

Published 22:40 on February 19, 2021  /  Last updated at 19:51 on February 21, 2021  /  EMEA, EU ETS  /  No Comments

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.

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EU Market: EUAs fade to 6.5% weekly loss, as traders mixed on next move

Published 19:02 on February 19, 2021  /  Last updated at 20:55 on February 19, 2021  /  EMEA, EU ETS  /  No Comments

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.

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Ukraine’s Naftogaz sets carbon neutrality target, as Kyiv progresses on carbon market plans

Published 18:42 on February 19, 2021  /  Last updated at 18:42 on February 19, 2021  /  Carbon Taxes, CBAM, EMEA, EU ETS  /  No Comments

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.

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COMMENT: We’re still in – let’s align the voluntary carbon market with Paris rather than play by our own rules

Published 15:16 on February 19, 2021  /  Last updated at 16:08 on February 19, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China, China's Offset Market, Climate Talks, Conversations, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, Views, Voluntary Market  /  No Comments

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,

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UK court denies brokers’ £5.6 mln tax claim appeal over EU ETS fraud

Published 23:48 on February 18, 2021  /  Last updated at 00:55 on February 19, 2021  /  Bavardage, EMEA, EU ETS  /  No Comments

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.

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Scottish environmental regulator still cut off from comms, emissions MRV systems after hack

Published 20:59 on February 18, 2021  /  Last updated at 21:01 on February 18, 2021  /  Bavardage, EMEA, EU ETS, UK ETS  /  No Comments

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.

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EU Market: EUAs halt losses as some traders eye return to €40

Published 19:58 on February 18, 2021  /  Last updated at 19:58 on February 18, 2021  /  EMEA, EU ETS  /  No Comments

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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