EU Market: EUAs rebound from dip below €26 to eke out 0.5% weekly rise
EUAs briefly dropped below €26 early on Friday, but climbed back into positive territory after the auction and US monthly jobs figures to scrape a meagre gain on the week.
Read MoreMSR has stabilised EU ETS during pandemic, but longer-term effectiveness a concern -study
The supply-regulating MSR has so far worked well to stabilise EU carbon prices during the pandemic, a study released this week shows, but the mechanism as it is currently calibrated may prove ineffective in dealing with longer-term demand shocks.
Read MoreRussia must clean up its industry amid EU border tax plans, says business group
Russia must take steps to clean up its big-emitting industry to avoid falling foul of the EU’s proposed carbon border adjustment mechanism (CBAM), a Russian business group has warned.
Read MoreEU Market: EUAs hit two-week high above €27 amid industry pick-up, before reversing course
EUAs hit a two-week high above €27 on Thursday as improved industry data and bullish technical signals encouraged buying, before retracing those gains following a bearish auction and signs that recent market strength may be over-extended.
Read MoreLufthansa’s passenger capacity drops 95% in Q2 2020, as airlines reel from COVID
Airline Lufthansa has reported a 95% passenger capacity collapse in Q2 amid lockdown restrictions to contain the pandemic, with the company not expecting a full recovery from pre-COVID levels until 2024.
Read MoreSwiss-EU ETS trading link to launch in late September with 10 transfer windows for 2020
The physical link between Switzerland’s carbon market and the EU ETS will become operational in late September, the European Commission has announced, though it will initially be comprised of 10 one-day transfer windows scattered through the remainder of this year.
Read MoreEU Market: EUAs again draw near to €27 after stronger auction
EUAs reached their highest levels in nearly two weeks on Wednesday, eyeing the €27 mark for a second day after a strong UK auction and as energy markets lifted.
Read MoreEU may seek to force airlines to include portion of sustainable fuels
The EU is weighing whether to impose quotas on airlines to use a rising proportion of sustainable aviation fuels to power flights, according to a European Commission document released on Wednesday.
Read MoreUK airline EasyJet retires REDD credits to offset 2.2 Mt of emissions
Low-cost carrier EasyJet has retired REDD carbon credits to offset 2.2 Mt of CO2 emissions for its current financial year, the company announced in a quarterly trading statement this week.
Read MoreEU Market: EUAs jump nearly 3% towards €27 in thinner trade
EUAs lifted in light trade on Tuesday following another weak half-volume auction, with prices dragged higher in the afternoon by an energy complex that rose amid a massive explosion in Beirut.
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