Moldova given plan to establish ETS, in line with closer EU ties
Eastern European nation Moldova has this week been handed a plan to establish carbon market regulations within two years as part of efforts to ramp up climate action among the EU’s southeastern neighbours.
Read MoreEU Market: Bullish technicals, bearish fundamentals collide to leave EUAs flat on week
EUAs inched higher on Friday to end the week flat as bullish technicals continued to overshadow dips in the energy complex and wider fundamental weakness.
Read MoreLawmaker snub could mean bid to add shipping to EU ETS drifts into doldrums
A European Parliament initiative to fast-track shipping into the EU ETS faces being blown off course after an influential committee rejected the idea this week.
Read MoreCoronavirus puts Denmark’s carbon tax increase on ice
Denmark will not consider raising its domestic carbon tax until this autumn at the earliest due to the current economic uncertainty from the coronavirus outbreak, the country’s climate minister said.
Read MoreEU Market: EUAs hover around €21 ahead of supply bump
EUAs eased to hover around €21 on Thursday, extending their retreat from this week’s one-month high as energy markets also dipped.
Read MoreParliamentarians push back on effort to raise EU’s 2030 GHG target
EU Parliamentarians from major parties have pushed back against efforts to raise the bloc’s 2030 emissions reduction target to 65%, despite that level being judged to be in line with the Paris Agreement and as providing a smoother path towards reaching net zero by 2050.
Read MoreGlobal carbon market sees modest growth in 2019, strong interest in forestry -World Bank
Global carbon markets expanded marginally last year and saw modest growth in government revenues, but interest in offset projects rose with forestry leading the way, according to an annual report released Thursday by the World Bank.
Read MoreBrussels eyes ETS, border revenues for EU recovery budget featuring scaled up ‘just transition’
The European Commission foresees revenues from both EU ETS auctions and carbon border measures in its coronavirus recovery budget proposal announced on Wednesday, which will help fund a five-fold hike in ‘just transition’ cash.
Read MoreEU Market: EUAs ease from one-month high, with some predicting larger tracement
European carbon prices eased on Wednesday after posting three straight days of gains, as market participants raised the prospect of EUAs retreating somewhat after yesterday’s one-month high.
Read MoreEU seen backing CORSIA baseline changes, sinking prospects for airline offset buying
EU nations are expected to side with European Commission proposals to modify the emissions baseline for the UN’s CORSIA international flight offsetting mechanism this week, even as the bloc’s executive expects the changes to eliminate airlines’ buying requirements until the mid-2020s.
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