PREVIEW: World braces for change as EU CBAM comes into force

Published 18:17 on September 29, 2023  /  Last updated at 18:17 on September 29, 2023  / Roy Manuell /  Africa, Americas, Asia Pacific, Carbon Taxes, CBAM, China, EMEA, EU ETS, International, US

As the EU’s carbon border adjustment mechanism comes into effect on Oct. 1, exporters to the region are gearing up to measure their carbon impact and bracing for levies further down the line, with several jurisdictions already moving to ramp up the development of their own carbon pricing measures in a bid to minimise the economic impact of the policy.

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Euro Markets: EUAs record biggest weekly drop in two months as liquidity drains from the market

Published 17:14 on September 29, 2023  /  Last updated at 19:08 on September 29, 2023  / Alessandro Vitelli /  EMEA, EU ETS, UK ETS

European carbon prices fell back on Friday morning in very thin trading activity as the third quarter approached its end, while energy markets also weakened as mild weather and high gas stocks continued to weigh on the markets.

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Proposed EU climate and Green Deal commissioners face parliamentary ‘grilling’

Published 17:12 on September 29, 2023  /  Last updated at 17:26 on September 29, 2023  / Emanuela Barbiroglio /  Carbon Taxes, CBAM, Climate Talks, EMEA, EU ETS, International

The European Commission’s proposed new climate and Green Deal commissioners are expected to face tough hearings before the European Parliament next week despite receiving backing from some quarters.

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EU to launch plan to speed bloc’s deployment of heat pumps as industry flags drop in sales

Published 19:28 on September 28, 2023  /  Last updated at 10:43 on September 29, 2023  / Emanuela Barbiroglio /  EMEA, EU ETS

An EU action plan to boost the deployment of heat pumps is currently in the making, the bloc’s energy commissioner Kadri Simson announced on Thursday in a move that could mean lower launch carbon prices for the bloc’s second ETS in the coming years.

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EU businesses raise alarm over red tape cost impact as CBAM launch looms

Published 18:15 on September 28, 2023  /  Last updated at 11:54 on September 29, 2023  / Susannah Rodgers /  Carbon Taxes, CBAM, EMEA, EU ETS, International

European importers face rising prices and administrative bottlenecks as the EU’s new carbon border adjustment mechanism (CBAM) comes into effect from next month, according to a think-tank report published on Thursday that surveyed businesses.

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Euro Markets: EUAs snap three-day losing streak as carbon-gas price correlation increases

Published 17:20 on September 28, 2023  /  Last updated at 18:35 on September 28, 2023  / Alessandro Vitelli /  EMEA, EU ETS, UK ETS

European carbon prices climbed moderately in choppy Thursday trade, underpinned by a strengthening link to gas prices as well as a second strong auction in a row, as participants continued to speculate over investment funds’ likely positioning in the coming days, while energy markets were firmer amid gas supply interruptions in the North Sea.

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EU must opt for stringent CO2 targets for trucks to maintain competitive edge -green group

Published 17:56 on September 27, 2023  /  Last updated at 17:56 on September 27, 2023  / Rebecca Gualandi /  EMEA, EU ETS

The EU risks losing a sizeable chunk of the truck manufacturing market to competitors such as the US and China by 2035 if it does not adopt high CO2 standards for heavy-duty vehicles, according to NGO-commissioned analysis published on Wednesday.

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Euro Markets: EUAs drift as positioning data shows small decrease in funds’ bearish bets

Published 17:16 on September 27, 2023  /  Last updated at 17:49 on September 27, 2023  / Alessandro Vitelli /  EMEA, EU ETS, UK ETS

European carbon prices were slightly weaker on Wednesday as traders absorbed Commitment of Traders data that showed a small decrease in the net short position of investment funds, with several participants questioning whether this would be enough of a change to trigger another short squeeze.

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Iceland agrees to buy 3.4 mln Kyoto emissions rights from Slovakia

Published 12:25 on September 27, 2023  /  Last updated at 12:25 on September 27, 2023  /  EMEA, EU ETS, Kyoto Mechanisms

Iceland has agreed to buy 3.4 million sovereign carbon units from Slovakia in order to fulfil its legally-binding obligations under the Kyoto Protocol’s second commitment period (2013-20).

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EU power market reform to underpin a reshaping of the economy as Franco-German tensions ease

Published 19:31 on September 26, 2023  /  Last updated at 13:06 on September 27, 2023  / Emanuela Barbiroglio /  EMEA, EU ETS

EU electricity market design reforms (EMR) will only see the light of day if member states, namely France and Germany, find compromise and let go of currently unsustainable practices, according to experts calling for a quick resolution to deadlocked negotiations amid signs that tensions are easing between the two largest economies in the bloc.

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