Euro Markets: “Nervous” EUAs post modest rise after volatile session as funds add to length
EU carbon prices posted a modest increase on Wednesday to end two days of declines, helped by an afternoon rally in gas and power that unwound earlier losses, as selling pressure continued to cap the recent rally, with traders describing a nervous market in consolidation.
Read MoreCCS should take centre stage in future EU industrial policies, say experts
Carbon capture and storage should play a major role in the EU Clean Industrial Deal, according to a letter sent by experts to the European Commission on Wednesday.
Read MoreBRIEFING: Up to 90% of chemical processes can be electrified, industry says
Electrification in the chemical sector can be doubled or even quadrupled depending on the pathways, and up to 90% of current processes could be connected to clean power sources to decarbonise, according to the European Chemical Industry Council (CEFIC), a trade association.
Read More“Urgent change in gear” needed for EU’s cleantech sector, industry says
“An urgent change in gear” is needed to ensure the EU’s cleantech sector grows at the same time as the bloc decarbonises, a coalition of industry and think tanks said on Wednesday ahead of the European Commission’s much-awaited Clean Industrial Deal initiative.
Read MoreFossil gas boilers set to dominate well into the 2030s in Europe, think tank warns
Without further incentives, a cumulative 50 million extra boilers running on fossil fuels could be sold across Europe by 2040, setting the EU off track from its decarbonisation targets, researchers warned on Wednesday.
Read MoreLNG ships drive methane higher, as CO2 emissions also rise -EU agencies
Some progress has been made but reducing CO2 remains a challenge for European shipping, while the increased use of LNG-fueled vessels has led sectoral methane emissions to at least double in the past five years, a joint environmental study by two EU agencies found on Tuesday.
Read MoreEuro Markets: Carbon ends little changed, caught between falling gas and recovering equities
European carbon prices ended Tuesday little changed after Monday’s sharp loss, despite trading in a €2.40 range over the course of the day, as natural gas joined the sell-off after China announced tariffs on US LNG cargoes, while European equities recovered early losses triggered by worries over the impact of likely tariffs implemented by Washington.
Read MoreBRIEFING: Could CORSIA be the next Trump target, and what would a US exit mean?
The US’ involvement in the UN’s CORSIA aviation offsetting scheme could soon be on the new Trump administration’s radar – if it’s not already – after the CEO of a major logistics firm said he expects the country to exit the programme. But what would that look like and how are other major countries likely to respond?
Read MoreEuro Markets: EUAs tumble 3.5% as ‘risk-off’ sentiment washes over markets
European carbon prices tumbled on Monday even as natural gas markets advanced, as EUAs were hit by substantial selling on concerns that President Donald Trump will levy new tariffs on EU exports to the US.
Read MoreAustria needs 5-7 mln tonnes of carbon removals per year to reach net zero, official says
Austria’s carbon management strategy, including public funding programmes, will not be impacted by ongoing government coalition talks and will remain in place unless laws are being changed, an official has said, outlining that the country could need as many as 7 million tonnes of carbon removals per year to achieve its climate goals.
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