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CORRECTION – Position adjustments ahead for top carbon ETF after tracked index rebalances

Published 01:38 on November 30, 2021  /  Last updated at 02:51 on November 30, 2021  /  Americas, Bavardage, Canada, Conversations, EMEA, EU ETS, International, UK ETS, US  /  No Comments

The world’s largest carbon allowance ETF is expected to adjust its holdings – currently valued at almost $1.4 billion – in the coming days after the index it tracks announced a major rebalancing with new market weightings.

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MEPs raise doubts on EU carbon border measure’s fit with global trade rules

Published 20:14 on November 29, 2021  /  Last updated at 20:14 on November 29, 2021  /  EMEA, EU ETS, International  /  No Comments

EU lawmakers cast doubt over whether the bloc’s proposed Carbon Border Adjustment Mechanism (CBAM) is compatible with global trade rules on Monday, in a preliminary MEP exchange that raises the potential for changes to the plans.

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Euro Markets: EUAs stabilise after early rally as coal power profitability grows

Published 17:45 on November 29, 2021  /  Last updated at 21:06 on November 29, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

EUAs rallied sharply at the start of trading on Monday, setting a new record high before stabilising, as price moves in energy markets increased the profitability of coal-fired power at the expense of gas.

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Iceland’s new coalition sticks to 2040 net zero goal, ending oil exploration

Published 14:19 on November 29, 2021  /  Last updated at 14:19 on November 29, 2021  /  Carbon Taxes, EMEA, EU ETS  /  No Comments

Iceland’s coalition talks ended Sunday, confirming the nation’s existing climate and energy commitments, as the ruling bloc enters its second consecutive term after September’s general election.

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Green hydrogen can cost less than €1.8/kg in EU by 2030 -von der Leyen

Published 13:58 on November 29, 2021  /  Last updated at 14:07 on November 29, 2021  /  EMEA, EU ETS, International  /  No Comments

European Commission President Ursula von der Leyen said on Monday that the EU should aim to drive the cost of green hydrogen to below €1.8 per kilogram by 2030, hitting a price level that would secure market competitiveness for the low-carbon fuel.

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EU lawmakers seek changes to CO2 border measures that could ease impact on US emitters

Published 19:20 on November 26, 2021  /  Last updated at 19:49 on November 26, 2021  /  Africa, Americas, Asia Pacific, Australia, Canada, Carbon Taxes, CBAM, China, EMEA, EU ETS, International, Japan, Mexico, Middle East, New Zealand, Other APAC, South & Central, South Korea, Switzerland, US  /  No Comments

The European Parliament’s cross-party trade committee is seeking changes to the EU’s proposed Carbon Border Adjustment Mechanism (CBAM) that could substantially lower costs faced by US emitters, according to a draft report published this week.

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Newly-formed German government firms up plans to shield citizens from energy transition costs

Published 17:52 on November 26, 2021  /  Last updated at 17:52 on November 26, 2021  /  EMEA, EU ETS  /  No Comments

The incoming German cabinet is laying out plans to compensate its citizens for higher energy prices, in a move designed to enhance the acceptability of carbon pricing on consumer-facing sectors while safeguarding social justice.

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ANALYSIS: UK likely to boost auction ETS volumes in 2022 as prices trigger CCM, but timeline, supply source unclear

Published 17:50 on November 26, 2021  /  Last updated at 00:56 on November 27, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

The UK ETS will face its first regulatory test at the start of December as the market’s Cost Containment Mechanism (CCM) will be triggered this month, though sources are fairly divided as to if and how the government will ultimately intervene.

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Euro Markets: EUAs claw back half their early losses to post 4.9% weekly gain amid macro gloom

Published 17:40 on November 26, 2021  /  Last updated at 20:19 on November 26, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

EUAs plunged 5.5% in a hectic opening hour of trading on Friday as markets were shaken by reports of a new Covid-19 variant emerging in South Africa. Carbon eventually clawed back half of those losses. 

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EU carbon to sail into “calmer waters” in 2022, analysts predict

Published 23:44 on November 25, 2021  /  Last updated at 02:51 on November 26, 2021  /  EMEA, EU ETS  /  No Comments

EU carbon will enter “calmer waters” in 2022 as permits follow gas lower, analysts said, while also raising their EUA price forecasts.

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