Russian lawmakers give initial nod to nation’s first climate law
Russian lawmakers gave preliminary approval on Tuesday to the country’s first climate law, which aims to enable emissions trade and require large polluters to report their GHG output.
Read MoreEU Market: EUAs set new record above €45 following strong auction
EUAs extended their all-time high on Tuesday, breaking above €45 for the first time ever as strong auction demand spurred bullish confidence despite warnings of a technical correction.
Read MoreEU carbon market for vehicles, buildings would be “adjacent system, maybe with linkages” to existing ETS -official
If the EU’s carbon market is to be expanded to road transport and buildings, it would take the shape of an “adjacent system, maybe with linkages” to the existing ETS that would be increased over time, a senior European Commission official said Tuesday.
Read MoreEU’s MSR intake rate might need raising to reach 2030 climate target -report
The EU carbon market’s supply-adjusting MSR intake rate would need to at least be maintained at its current 24% or even increased if the 27-nation bloc is to meet its 2030 emissions reduction target, an NGO-commissioned report released Tuesday found.
Read MoreCountries with EU ETS “deficits” should be exempted from MSR, Poland proposes
Poland has proposed modifying the EU carbon market’s MSR to exempt countries that are cutting emissions but continue to face an allowance “deficit”.
Read MoreEU Market: EUAs slip back after hitting another new record near €45
EUAs extended their record high again on Monday, but later slipped back as experts were mixed as to carbon’s next move.
Read MoreHigher EU renewables targets by 2030 risks depressing carbon price, say analysts
The EU will need to carefully calibrate its 2030 renewables targets with the bloc’s carbon market to avoid depressing EUA prices due to reduced power sector demand, analysts said in a report last week.
Read MoreCOMMENT: “Fasten your seatbelts, it’s going to be a bumpy night.”
The EU carbon market’s compliance season is almost over. A large proportion of industrials have by now completed their 2020 purchases, and the market seems to be on the verge of crossing €45/t at the same time. So we turn to the question of “what next?” Here are some of the factors that carbon reporter Alessandro Vitelli thinks are at play.
Read MoreEU Market: EUAs hit new record near €45 as some see pullback ahead
EUAs reached new heights on Friday, extending the all-time peak of earlier in the week amid wider positive market sentiment, with some experts predicting that carbon could pull back from these levels.
Read MoreEU carbon prices to surge to €75 this summer on rising oil, gas -analyst
EU carbon prices look set to rise to €75 in Q3 of this year on the back of higher oil and gas prices, an analyst said on Friday.
Read More