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Brussels publishes 5-year national EUA allocation tables after months of delay

Published 20:38 on July 28, 2021  /  Last updated at 20:38 on July 28, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

The EU on Wednesday released its national allocation tables determining free carbon allowance allocations for 2021-25 after several months of delays, revealing quotas of permits to be given to emitters in most of the countries participating in the EU ETS.

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Euro Markets: EUAs, UKAs rise amid energy gains as market absorbs UK auction

Published 17:45 on July 28, 2021  /  Last updated at 20:58 on July 28, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

Carbon on Wednesday consolidated its gains from earlier in the week, as a strong auction result and firm energy prices bolstered sentiment ahead of the annual reduction in auction supply.

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Norway’s Equinor defends oil output hike plans as analysts question ambition

Published 16:16 on July 28, 2021  /  Last updated at 16:16 on July 28, 2021  /  EMEA, EU ETS, International, REDD, Voluntary Market  /  No Comments

Norway’s Equinor on Wednesday defended its plans to extract more oil and gas, fending off analyst questions about whether the company risked legal action over a lack of climate ambition.

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Wizz Air flags summer rebound after pandemic, slams EU’s jet fuel tax plans

Published 14:28 on July 28, 2021  /  Last updated at 14:28 on July 28, 2021  /  Aviation/CORSIA, EMEA, EU ETS, International  /  No Comments

Hungary-based airline Wizz Air expects its passenger capacity to reach pre-pandemic levels this summer, it said on Wednesday while criticising Brussels’ proposals for an EU-wide tax on jet fuel.

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EU power sector emissions lag post-pandemic electricity demand recovery -report

Published 00:01 on July 28, 2021  /  Last updated at 22:56 on July 27, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

The EU’s power sector CO2 emissions rose 11% year-on-year in H1 but remain well below pre-pandemic levels despite a near-full recovery in electricity demand as cleaner forms of generation prevail, according to a report published on Wednesday.

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UK’s “inconsistent, regressive” carbon pricing system needs reform to reach 2050 net zero -think-tank

Published 00:01 on July 28, 2021  /  Last updated at 13:28 on July 28, 2021  /  Aviation/CORSIA, Carbon Taxes, CBAM, EMEA, EU ETS, International, Shipping, UK ETS  /  No Comments

The UK’s current carbon pricing measures are “inconsistent, regressive, unclear, and cannot put the country on the path to reach net zero emissions by 2050”, a think-tank said Wednesday, urging wide-ranging reforms to the system.

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EU selects first carbon-cutting projects under Innovation Fund

Published 18:33 on July 27, 2021  /  Last updated at 18:33 on July 27, 2021  /  EMEA, EU ETS  /  No Comments

The EU has committed €118 million to 32 small-scale carbon-cutting projects across 14 nations under its ETS-funded Innovation Fund, the bloc’s executive said on Tuesday as it announced the financing vehicle’s first awards.

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Euro Markets: EUAs drift as market awaits UK auction

Published 18:18 on July 27, 2021  /  Last updated at 01:36 on July 28, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

EUAs drifted slightly despite firmer natural gas prices, as Russian state producer Gazprom declined yet again to book additional gas transit capacity through the Ukrainian network.

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RWE’s H1 thermal power output surges 39%, Endesa sees more modest uptick

Published 12:30 on July 27, 2021  /  Last updated at 18:40 on July 27, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

Germany-based utility RWE, historically the EU’s top corporate emitter, reported a 39% jump in its ETS-covered thermal power output for H1 2021 as demand rebounded following coronavirus restrictions.

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Ryanair advances EUA hedging, raises traffic forecast

Published 22:45 on July 26, 2021  /  Last updated at 23:20 on July 26, 2021  /  Aviation/CORSIA, EMEA, EU ETS  /  No Comments

Irish-based airline Ryanair revealed it has extensively covered its EU ETS buying requirements for the coming years, even as it raised its forecast for flight traffic in quarterly results on Monday.

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