France’s Macron calls for EU-wide ‘just and significant’ carbon price, border tax
French President Emmanuel Macron on Tuesday said the EU needs a ‘just and significant’ bloc-wide minimum CO2 price because existing rates are too low to facilitate the shift to a low-carbon economy, adding that the EU should also impose a border carbon tax to protect industry.
Read More‘EU ETS alone can’t drive out coal’, says EC official -media
EU carbon allowance prices will never reach the point where they alone will deter coal use among utilities and industry, Recharge News reported on Monday, quoting an anonymous European Commission energy department official.
Read MoreEU Market: EUAs soar 10% as German election spurs European energy complex higher
European carbon prices jumped more than 10% on massive volume of over 85 million tonnes traded on Monday, as bullish sentiment from yesterday’s German auction result and comments from major oil producers today lifted the entire energy complex.
Read MoreUK-based Numerco hires carbon analyst turned trader
Commodity trading house Numerco has hired a former carbon analyst to join its London office as an energy trader.
Read MorePower sector balks at EU plans to wean it off coal
European power industry association Eurelectric has warned that a planned emission limit on capacity payments in post-2020 electricity market reforms will divert €20 billion in clean energy investment by forcing utilities to dash for gas.
Read MoreWeakened Merkel faces uneasy coalition talks, with coal likely high on the agenda
German Chancellor Angela Merkel won an expected fourth term in office on Sunday but faces building a new three-way coalition that could under some scenarios lead to accelerated climate action in the EU’s top emitting country.
Read MoreEU Market: EUAs inch higher but still notch 5.6% weekly loss
EU carbon prices lifted slightly on Friday to claw back some of the previous session’s 6% loss, with trade somewhat quieter after a fortnight of wild price swings.
Read MoreBritish PM May calls for extra two years to work out EU divorce, reducing risk of hard ETS exit before 2020
British Prime Minister Theresa May on Friday called for a two-year implementation period to smooth the country’s exit from the EU, intending to keep market access under existing rules out to 2021 while reducing the odds that the UK would crash out of the bloc’s ETS.
Read MoreEU Market: EUAs tumble 6% as power prices slide
EU carbon prices fell as much as 6% on Thursday as power prices continued to slide from their recent multi-year highs.
Read MoreEU lawmakers tee up ETS Brexit-proofing talks within aviation bill
EU lawmakers will begin trilogue discussions over a measure to safeguard the EU ETS against an uncoordinated Brexit as early as next week after member states on Wednesday agreed a common line on the wider proposal to keep aviation in the bloc’s carbon market.
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