EU Market: EUAs inch higher as auction crimp looms
EU carbon prices nudged slightly higher on Monday in a becalmed session that brought a halt to last week’s sell-off, as the end of higher summer auction volumes looms.
Read MoreEU Market: Late sale dump sends EUAs to 2-week low, as 6% weekly loss unwinds rally
European carbon prices dropped by 4% on Friday to a two-week low, with the bulk of the heavy and likely speculator-driven losses coming late in the day and confirming forecasts by some that the recent rally was not sustainable.
Read MoreUK confirms delay in exempting ETS-covered industries from green power costs
The UK government has delayed by a year a plan to exempt EU ETS-regulated manufacturers from contributing to higher power costs caused by renewables targets, saying the move would provide industry more certainty while saving it £132.5 million over 10 years from 2018.
Read MoreVattenfall ups H1 thermal generation 9.5% amid fatter margins
Sweden-owned utility Vattenfall has upped its ETS-regulated thermal power generation in H1 as profit margins improved due to higher power prices, raising its demand for carbon allowances despite closing its remaining lignite-fired plant last year.
Read MoreGerman energy exchange EEX builds foothold in China’s emerging carbon market
German energy bourse EEX has partnered with several Chinese exchanges to build its foothold in China’s emerging national ETS, advancing plans to offer trade in euro-denominated offshore carbon derivatives to let clients access the market while avoiding the political and capital restrictions that international investors typically face.
Read MoreEU Market: EUAs close at 2-week low but hold above key technical support
European carbon prices fell for a second straight day, ending at a two-week low but holding above a key technical support.
Read MoreSwitzerland announces dates, volumes for next two CO2 allowance auctions
Switzerland will sell 800,000 CO2 allowances across two auctions to be held in the next eight months, the government said on Thursday, as primary market prices in the country’s domestic ETS continue to fall.
Read MoreEU thermal output on the rise as hydro output fades, early quarterly earnings suggest
Some EU utilities were forced to ramp up their ETS-regulated thermal power production over H1 2017 as lower rainfall hit hydro levels, potentially indicating an uptick in EUA demand, according to the first batch of quarterly earnings reports from European generators.
Read MoreEU chemicals industry outlines paths to 2050 carbon neutrality amid €200/tonne carbon prices
European chemical industry lobby Cefic on Wednesday published a roadmap of what the sector may require to reach carbon neutrality by mid-century, when its modelling predicts carbon prices could reach nearly €200/tonne.
Read MoreEU Market: EUAs drift lower in Phase 4 contracts’ busiest trading day yet
European carbon drooped on Wednesday in a quiet session, but continued to consolidate in its new €5.30-60 trading range.
Read More