Italy’s Enel extends voluntary GHG goal for global operations
Italy-based utility Enel aims to cut its emissions intensity by 70% under 2017 levels by 2030, it said on Wednesday, extending a company-wide target as one of a handful of firms to set an independently verified goal aligned with the 1.5C Paris Agreement global warming limit.
Read MoreUPDATE – More stakeholders weigh in ahead of German climate plan announcement
The German government will on Friday unveil its comprehensive new climate plan, which is said to centre around a domestic emissions trading scheme for the country’s transportation and heating sectors.
Read MoreEU Market: EUAs slide for second day as EDF dismisses nuke closure fears
EUAs posted big losses for a second straight day on Wednesday, as much of the energy market declined when France’s EDF said there was no need to close any of its nuclear reactors after it last week flagged the discovery of faulty components.
Read MoreEU Market: EUA prices dented by reports of quick Saudi oil output recovery
European carbon prices fell to a one-week low on Tuesday, giving back all of the previous day’s gains as oil prices dropped on reports that a Saudi production outage would be shorter than expected.
Read MoreEU Market: EUAs climb back above €27 after riding oil price spike
EUAs surged by almost a euro in reaction to a massive spike in oil prices early on Monday, managing to end above €27 for the first time in a month.
Read MoreUK to get free pass on 2019 EU ETS compliance with January Brexit date -expert
A delay of the Brexit deadline to Jan. 31, 2020 will not translate into UK emitters having EU ETS compliance obligations for 2019, according to an expert familiar with the British government’s post-EU preparations.
Read MoreEU Market: EUAs give up early gains but still notch 5% weekly rise
EUAs gave back early gains on Friday as investors lowered their expectations of a no-deal Brexit but still hung on for a 5% weekly rise on a bullish energy complex.
Read MoreDutch Supreme Court advisors support higher GHG target ruling
Advisors to the Dutch Supreme Court on Friday recommended that a judicial ruling ordering the country’s government to set a deeper emissions reduction target be upheld, in a move that could help establish a global precedent in forcing states to act to prevent climate change.
Read MoreMerkel’s Union parties to propose German carbon market for non-EU ETS sectors
Germany’s ruling CDU/CSU parties will next week propose a comprehensive national climate package centred around an emissions trading scheme for transportation and buildings, which recycles revenue back to consumers and companies and features allowance price controls.
Read MoreEU Market: EUAs eke out small gain after flirting with €27 again
European carbon prices posted a modest gain on Tuesday after rising by almost 2% intraday to near €27 on firmer energy prices and a bullish auction result.
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