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Utilities Enel, Uniper report a rebound in power output for Q1

Published 20:23 on May 6, 2021  /  Last updated at 23:24 on May 6, 2021  /  EMEA, EU ETS  /  No Comments

European utilities Enel and Uniper both reported a year-on-year rebound in power output for Q1 on Thursday, with last year’s generation levels disrupted by the start of the coronavirus crisis and dampened by warmer weather.

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EU Market: EUAs climb back above €50 as rally resumes

Published 20:06 on May 6, 2021  /  Last updated at 23:59 on May 6, 2021  /  EMEA, EU ETS  /  No Comments

EUAs resumed their record-breaking run on Thursday, climbing back above €50 to extend the week’s all-time high as bullish sentiment continued to hold sway.

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ArcelorMittal output recovers in “strongest quarter in a decade”, announces low-carbon steel projects

Published 16:45 on May 6, 2021  /  Last updated at 16:45 on May 6, 2021  /  Carbon Taxes, CBAM, EMEA, EU ETS  /  No Comments

Steelmaker ArcelorMittal saw a substantial demand recovery in Q1, achieving the “strongest” quarterly results in a decade following the COVID-19 crisis, it said in financial results on Thursday that also unveiled new deals to reduce emissions at its European facilities.

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European renewables expert joins IncubEx from South Pole

Published 15:52 on May 6, 2021  /  Last updated at 16:11 on May 6, 2021  /  Bavardage, EMEA, EU ETS, Voluntary Market  /  No Comments

Environmental markets platform IncubEx has hired a new director to further develop its European carbon and renewables certificates offerings.

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Verra, Greenpeace square off over criticism of forest carbon credit methodologies

Published 23:14 on May 5, 2021  /  Last updated at 23:14 on May 5, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Climate Talks, EMEA, International, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

Standard-setting body Verra this week accused Greenpeace of misrepresenting its forest carbon offset methodologies and cherry-picking expert opinions to undermine the credibility of its REDD+ projects in two recent articles.

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EU Market: EUAs rebound as post-compliance sentiment holds

Published 18:37 on May 5, 2021  /  Last updated at 21:26 on May 5, 2021  /  EMEA, EU ETS  /  No Comments

EUAs lifted back above €49 on Wednesday, clawing back all of the previous session’s losses that followed the market’s first-ever break above €50, while trading data showed investment funds pared back their net long positions amid a new all-time high in participants.

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Germany to move net zero goal forward five years to 2045, upgrade 2030 target

Published 16:09 on May 5, 2021  /  Last updated at 23:51 on May 5, 2021  /  EMEA, EU ETS  /  No Comments

The German government will next week propose legislation to move its domestic climate neutrality objective forward by five years to 2045 and set higher targets for 2030 and 2040, its finance minister announced Wednesday in response to a court ruling last week.

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EU underlines support for green steel in new industrial roadmap

Published 13:33 on May 5, 2021  /  Last updated at 17:13 on May 5, 2021  /  EMEA, EU ETS  /  No Comments

The European Commission on Wednesday presented an updated EU Industrial Strategy, underlining its support for European clean steel production and hinting at the creation of an EU-wide carbon contract-for-difference (CCfDs) scheme.

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UK to publish free carbon allowance quota figures next week, with allocations to start “shortly after”

Published 10:55 on May 5, 2021  /  Last updated at 11:09 on May 5, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

The British government will next week publish this year’s free carbon allowance allocation quotas under the new UK ETS, with distribution set to begin “shortly after” that following several months of delays.

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ClimateCare, Natural Capital Partners merge as voluntary market deals gather pace

Published 08:49 on May 5, 2021  /  Last updated at 00:01 on May 6, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

ClimateCare and Natural Capital Partners have merged to help build global scale in the rapidly expanding voluntary carbon market.

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