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Russian lawmakers give initial nod to nation’s first climate law

Published 19:06 on April 20, 2021  /  Last updated at 19:06 on April 20, 2021  /  CBAM, Climate Talks, EMEA, EU ETS, International, REDD, Voluntary Market  /  No Comments

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.

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EU Market: EUAs set new record above €45 following strong auction

Published 18:52 on April 20, 2021  /  Last updated at 20:29 on April 20, 2021  /  EMEA, EU ETS  /  No Comments

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.

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EU carbon market for vehicles, buildings would be “adjacent system, maybe with linkages” to existing ETS -official

Published 18:01 on April 20, 2021  /  Last updated at 18:43 on April 20, 2021  /  EMEA, EU ETS  /  No Comments

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.

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EU’s MSR intake rate might need raising to reach 2030 climate target -report

Published 11:12 on April 20, 2021  /  Last updated at 12:28 on April 20, 2021  /  EMEA, EU ETS  /  No Comments

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.

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Countries with EU ETS “deficits” should be exempted from MSR, Poland proposes

Published 22:57 on April 19, 2021  /  Last updated at 00:04 on April 20, 2021  /  EMEA, EU ETS  /  No Comments

Poland has proposed modifying the EU carbon market’s MSR to exempt countries that are cutting emissions but continue to face an allowance “deficit”.

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EU Market: EUAs slip back after hitting another new record near €45

Published 18:56 on April 19, 2021  /  Last updated at 19:43 on April 19, 2021  /  EMEA, EU ETS  /  No Comments

EUAs extended their record high again on Monday, but later slipped back as experts were mixed as to carbon’s next move.

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Higher EU renewables targets by 2030 risks depressing carbon price, say analysts

Published 16:02 on April 19, 2021  /  Last updated at 21:21 on April 19, 2021  /  EMEA, EU ETS  /  No Comments

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.

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COMMENT: “Fasten your seatbelts, it’s going to be a bumpy night.”

Published 21:13 on April 16, 2021  /  Last updated at 21:13 on April 16, 2021  /  Conversations, EMEA, EU ETS, Views  /  No Comments

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.

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EU Market: EUAs hit new record near €45 as some see pullback ahead

Published 18:30 on April 16, 2021  /  Last updated at 21:00 on April 16, 2021  /  EMEA, EU ETS  /  No Comments

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.

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EU carbon prices to surge to €75 this summer on rising oil, gas -analyst

Published 16:54 on April 16, 2021  /  Last updated at 16:54 on April 16, 2021  /  EMEA, EU ETS  /  No Comments

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.

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