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EU Market: EUAs re-test €32 in halt to pullback

Published 17:45 on January 18, 2021  /  Last updated at 18:19 on January 18, 2021  /  EMEA, EU ETS  /  No Comments

EUAs straddled the €32 mark on Monday as US markets were closed and observers expected carbon to show some resilience following last week’s 9% loss.

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Carbon pricing, international credits can help curb methane emissions from oil and gas, IEA says

Published 17:08 on January 18, 2021  /  Last updated at 18:58 on January 18, 2021  /  Americas, Canada, Carbon Taxes, EMEA, EU ETS, International, Mexico, RINs & LCFS, US  /  No Comments

A robust global carbon price can help cut the oil and gas sector’s methane emissions together with other market-based mechanisms such as international credits, the IEA said on Monday.

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POLL: Analysts again raise EUA price estimates, but little more upside seen in 2021 following latest rally

Published 20:00 on January 15, 2021  /  Last updated at 12:33 on January 18, 2021  /  EMEA, EU ETS  /  No Comments

Analysts have raised their forecasts for EU carbon allowances in 2021, though most don’t see prices rising this year much beyond this month’s record high.

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EU Market: EUAs plummet 5% as gas rout persists

Published 19:05 on January 15, 2021  /  Last updated at 23:57 on January 15, 2021  /  EMEA, EU ETS  /  No Comments

EUAs dropped to below €32 on Friday, falling further amid continued losses to the energy complex and cancelling out gains since new year that had pushed carbon to record highs.

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EU carbon border levy most effective if revenues ‘recycled’ into clean tech -report

Published 17:42 on January 15, 2021  /  Last updated at 02:20 on January 16, 2021  /  Carbon Taxes, CBAM, EMEA, EU ETS  /  No Comments

A carbon border adjustment mechanism (CBAM) will be most effective if the EU reinvests revenues into R&D for low-carbon technologies and clinches multilateral deals with trade partners, according to a report released this week.

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EU Market: EUAs weaken as gas pullback continues

Published 18:47 on January 14, 2021  /  Last updated at 18:49 on January 14, 2021  /  EMEA, EU ETS  /  No Comments

EUA prices recovered from an early drop below €33 on Thursday, finding buyers near a key technical support as gas prices continued their retreat from lofty highs seen earlier in the week.

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EU Market: EUAs sink nearly 5% on gas pullback, technical breach

Published 18:15 on January 13, 2021  /  Last updated at 22:09 on January 13, 2021  /  EMEA, EU ETS  /  No Comments

EUAs slid below €34 on Wednesday for the first time in four sessions, continuing the retreat from Tuesday’s record high amid a major pullback in gas prices and signs of a technical reversal in carbon, as data showed the influx of participants into the market continued last week.

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EU Climate Law talks likely sealed in March ahead of leaders’ summit

Published 17:37 on January 13, 2021  /  Last updated at 22:27 on January 13, 2021  /  EMEA, EU ETS  /  No Comments

EU negotiators expect to reach a political agreement on the 27-nation bloc’s landmark Climate Law in March, ahead of a key European Council summit that will provide further guidance for future climate legislation, according to sources involved in the process.

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EU Market: EUAs hit new record as gas prices spike on sudden cold snap

Published 20:23 on January 12, 2021  /  Last updated at 20:23 on January 12, 2021  /  EMEA, EU ETS  /  No Comments

EUAs jumped to a new all-time high above €35 on Tuesday as gas and other European energy prices spiked on a looming blast of colder weather.

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EU Market: EUAs slip towards €34 after again hitting record levels

Published 18:01 on January 11, 2021  /  Last updated at 21:19 on January 11, 2021  /  EMEA, EU ETS  /  No Comments

EUAs fell back towards €34 on Monday despite matching Friday’s record high €35.20 in the opening minutes, as observers expect more gains this week amid continued cold weather.

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