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EU Parliament approves ‘climate’ Commission chief without Greens backing

Published 20:31 on July 16, 2019  /  Last updated at 21:43 on July 16, 2019  /  EMEA, EU ETS  /  No Comments

The European Parliament narrowly endorsed Ursula von der Leyen as the new European Commission president late Tuesday, though her promise of a “green deal for Europe” failed to win over the assembly’s most dedicated environmentalists.

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EU Market: EUAs retreat below €28.50 as bullish drivers fade

Published 18:33 on July 16, 2019  /  Last updated at 19:50 on July 16, 2019  /  EMEA, EU ETS  /  No Comments

European carbon fell for the first time in five days on Tuesday, sinking below major technical resistance after some traders warned that the bullish drivers that had pushed prices to a new 11-year high this week were waning.

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France, Germany advisers tout more teamwork on non-ETS carbon pricing

Published 13:54 on July 16, 2019  /  Last updated at 13:54 on July 16, 2019  /  EMEA, EU ETS  /  No Comments

France and Germany should set up a separate non-ETS carbon pricing system with willing EU countries and work towards integrating it with the bloc’s current carbon market, independent economic advisors from the two nations said on Tuesday.

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New Entrants’ Reserve allocations dip as clock ticks down on free EU Allowances

Published 22:51 on July 15, 2019  /  Last updated at 23:05 on July 15, 2019  /  EMEA, EU ETS  /  No Comments

Allocations of free carbon allowances to new and expanding companies in the EU ETS dipped slightly in the first half of 2019, with some 65% of the earmarked permits still unused as the clock ticks down on tapping the reserve.

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Greece’s PPC fails again in lignite sale as bidders wait for new government line

Published 20:49 on July 15, 2019  /  Last updated at 20:52 on July 15, 2019  /  EMEA, EU ETS  /  No Comments

Greek utility PPC failed to attract any bids for three of its lignite assets by a Monday deadline, as bidders preferred to wait for the new government’s rescue package.

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EU Market: EUAs extend 11-year high for fourth day as energy prices keep pace

Published 20:22 on July 15, 2019  /  Last updated at 22:24 on July 15, 2019  /  EMEA, EU ETS  /  No Comments

The EU carbon bull run extended into a fourth day on Monday, with prices hitting a new 11-year high of €29.50 as power also soared to their loftiest level so far this year.

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EU Commission chief nominee offers more climate ambition in bid for MEP votes

Published 16:46 on July 15, 2019  /  Last updated at 19:27 on July 16, 2019  /  EMEA, EU ETS  /  No Comments

European Commission President nominee Ursula von der Leyen on Monday pledged to back a more ambitious 2030 EU emissions reductions target in a bid to secure the support of more MEPs ahead of her confirmation vote tomorrow.

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EU Market: EUAs lift again to end near €29 for 9% weekly gain

Published 18:13 on July 12, 2019  /  Last updated at 19:01 on July 12, 2019  /  EMEA, EU ETS  /  No Comments

EUAs set a fresh 11-year high for the third straight day on Friday, as steady auction demand and a late lift in gas prices invalidated predictions of a rapid drop due to profit-taking.

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WITHDRAWN – Polish 2020 EUA auction volume higher than expected, analysts say

Published 16:21 on July 12, 2019  /  Last updated at 11:12 on July 14, 2019  /  EMEA, EU ETS  /  No Comments

**This article has been withdrawn after Refinitiv corrected its analysis to reflect the fact that Poland and other countries eligible under Article 10c cannot withhold auction volumes in 2020 and therefore will sell the full amount of EUAs allotted to their power sectors.**

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Impose CO2 price on German transport, buildings sectors before EU ETS transition -experts

Published 12:19 on July 12, 2019  /  Last updated at 14:28 on July 12, 2019  /  Carbon Taxes, EMEA, EU ETS, International  /  No Comments

Germany’s transport and building sectors should be assigned carbon prices either through a market or a tax before transitioning them into the EU ETS, government-appointed economic experts have recommended.

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