Global coal power generation drops 8.3% in H1 as renewables advance -analysts
Global coal power generation plummeted by 8.3% year-on-year in the first half of 2020 due to lower electricity demand and a rise in wind and solar generation, a study released on Thursday found.
Read MoreEU Market: EUAs slip below €26 after struggling with bumper auction
EUAs dropped below €26 on Wednesday as the quiet holiday market struggled absorb the week’s biggest auction.
Read MoreAnother lost decade? UK carbon market to be oversupplied through 2030, analysts warn
The UK’s proposed emissions trading scheme is predicted to be oversupplied throughout its first decade, analysts have warned, which could mean a dimming of the country’s low-carbon investment signal after it departs the EU and its ETS this year.
Read MoreCzech utility CEZ lags on hedging, though output drop is less than others
Czech utility CEZ is less heavily hedged than in recent years but its thermal power generation is holding up better than many of its peers amid COVID-19 restrictions, the company revealed in first-half results on Tuesday.
Read MoreUkraine must not delay plans to establish its ETS from 2025, says business group
Ukraine must not delay work to establish its own ETS from 2025 as the country’s imports may otherwise come under pressure from a planned EU carbon border adjustment mechanism (CBAM), a Kyiv-based business association said on Tuesday.
Read MoreEU Market: EUAs retreat again after early move above €27
EUAs failed to sustain an early move higher, falling back after bulls were unable to hold prices above €27 for the third time in four sessions.
Read MoreUtility Uniper’s thermal output drops 36% in H1, opts to advance hedging
German utility Uniper reported a 36% drop in its EU ETS-covered output over the first half of the year, it said on Tuesday, as its fossil fuel generation was increasingly squeezed by cleaner power while demand dropped due to coronavirus restrictions.
Read MoreEU Market: EUAs fail to hold early break above €27
EUA prices jumped more than 3% to top €27 on Monday, but slipped back after the day’s auction despite a firm clearance and positive macroeconomic signals.
Read MoreEU puts €13.8 mln into new ArcelorMittal steel carbon capture effort
The EU has awarded €13.8 million to a project aimed at deploying two advanced carbon capture technologies at steelmaker ArcelorMittal’s Belgium facilities and burying emissions in the North Sea.
Read MoreEU’s CO2 border measures “not a cash cow, possibly loss-making” -German bank economists
EU plans for a carbon border adjustment mechanism (CBAM) will likely make little profit for the bloc while the administrative burden for importers may be significant, according to chief economists advising Germany’s largest public bank.
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