EU states, UK dish out 54 mln more free EUAs for 2020
EU member states and the UK handed out more than 54 million additional free carbon allowances to industrial emitters over the past two weeks, according to updated data released late Friday by the European Commission.
Read MoreEU Market: EUAs stick close to €18 for big weekly gain as oil surges
EUAs failed to hold on to midday gains above €18 on Friday but still notched a near-10% weekly rise as spiking oil prices outweighed wider market concerns over the global coronavirus epidemic.
Read MoreEU carbon prices stable after virus selloff, but more weakness, big emissions drop seen ahead -analyst
After cratering due to COVID-19 over the past few weeks, EU carbon prices have now stabilised and are trading at levels representative of decreased emissions demand caused by the crisis, an analyst said, estimating that figure to be around 80-100 million tonnes.
Read MoreEU emissions to tumble on virus impact in 2020, but expect rapid recovery -report
EU emissions will decline 250-450 MtCO2e in 2020 as a result of coronavirus-triggered shutdowns, a steeper drop than that seen during the 2009 financial crisis but one that researchers expect will be shorter-lived.
Read MoreEU Market: EUAs climb nearly 6% to above €18 as oil price spike jolts market
EUAs climbed back above €18 on Thursday in reaction to oil prices spiking on signs of an end to the producer price war, pushing carbon to a key technical support level.
Read MoreEU Market: EUAs tumble 3.4% as stock markets resume declines
EUAs fell as much as a euro to test €17 on Wednesday, halting carbon’s recent recovery after the UK’s auction barely cleared and wider markets dove on worsening coronavirus developments.
Read MoreFree EUA allocation set to be a major front in carbon border tax battle
Big-emitting industries, national delegations, and green groups seem to agree on the need for an EU border carbon adjustment, but a tussle over the allocation of free EUAs is expected in the following months.
Read MoreEU ETS plant emissions dropped by over 8.5% in 2019, slightly more than analyst estimates
Verified emissions in the EU ETS dropped by slightly more than expected in 2019, analysts said Wednesday following the publication of preliminary, like-for-like but partially incomplete data.
Read MoreCarbon consultancy offering ‘Corona Credits’ to offset emissions reduced by global virus lockdown
*FREE READ* – A new carbon consultancy is calculating the global greenhouse gas emissions being saved by people working from home due to the coronavirus outbreak, and it is packaging and selling the reductions as voluntary carbon offsets.
Read MoreEU Market: EUAs hit two-week high above €18 after strong auction
EUAs topped €18 for the first time in two weeks on Tuesday, as a strong auction and rising energy prices spurred buying and some quarter-end short-covering to leave prices down a massive 25% this month.
Read More