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France’s Saint-Gobain launches employee-led internal carbon fund to cut CO2, invest in new projects

Published 12:28 on April 14, 2021  /  Last updated at 12:28 on April 14, 2021  /  Americas, Bavardage, EMEA, EU ETS, International, US, Voluntary Market  /  No Comments

France’s Saint-Gobain has launched an internal carbon fund to incentivise employees to cut the building materials manufacturer’s emissions, while monetising some of those actions to fund new abatement initiatives within the firm.

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EU must impose mandatory checks to halt imported deforestation -report

Published 23:01 on April 13, 2021  /  Last updated at 16:34 on April 13, 2021  /  Africa, Americas, Asia Pacific, China, EMEA, EU ETS, International, Japan, REDD, South & Central, Voluntary Market  /  No Comments

The EU must tighten sustainability criteria for forest-risk imported commodities and introduce mandatory due diligence requirements, environmental campaigners said in a report published Wednesday.

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More shipbrokers charting their own course to trade carbon

Published 22:27 on April 13, 2021  /  Last updated at 03:32 on April 14, 2021  /  Asia Pacific, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, Shipping, Switzerland, UK ETS, Voluntary Market  /  No Comments

Shipbrokers are launching dedicated carbon trading desks or forging ties with market experts ahead of looming regulation and amid rising interest in mitigating the climate impact of their voyages.

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EU Market: EUAs slip back below €44 on profit-taking after hitting new record

Published 19:42 on April 13, 2021  /  Last updated at 21:00 on April 13, 2021  /  EMEA, EU ETS  /  No Comments

EUAs hit an all-time high for the second straight day on Tuesday, but prices quickly fell back below €44 on losses put down to profit-taking.

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EU Market: EUAs hit new record after strong auction

Published 17:50 on April 12, 2021  /  Last updated at 18:28 on April 12, 2021  /  EMEA, EU ETS  /  No Comments

EU carbon prices hit a new record above €44 on Monday, extending last week’s top trade amid strong auction demand, a supportive energy complex, and bullish technical signals.

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EU plans to bring shipping into carbon market must not grant free allowances -shipowners

Published 17:01 on April 12, 2021  /  Last updated at 17:01 on April 12, 2021  /  EMEA, EU ETS, International, Shipping  /  No Comments

Plans to bring shipping emissions into the EU ETS must ensure that no free emissions allowances are allocated, two national shipowner associations said in a letter on Monday.

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EU Market: EUAs inch higher to stay within reach of record

Published 19:02 on April 9, 2021  /  Last updated at 20:12 on April 9, 2021  /  EMEA, EU ETS  /  No Comments

EUA prices eked out a small gain on Friday to limit the pullback from this week’s record high above €44, with bullish traders and observers expecting a fresh challenge to that level in the days ahead.

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Commodities trader Trafigura opens carbon trading desk as it delves into global offset market

Published 14:43 on April 9, 2021  /  Last updated at 14:43 on April 9, 2021  /  Americas, Asia Pacific, Bavardage, EMEA, EU ETS, International, Other APAC, Shipping, Switzerland, US, Voluntary Market  /  No Comments

Commodities trader Trafigura has formally opened a carbon trading desk, the Singapore-headquartered firm announced Friday, as it ventures into the growing global offset market.

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Costly CO2 cuts for EU transport, buildings point way to separate carbon market -report

Published 12:09 on April 9, 2021  /  Last updated at 12:12 on April 9, 2021  /  EMEA, EU ETS  /  No Comments

The EU is unlikely to include road transport and buildings in its ETS anytime soon due to high abatement costs, according to analysts who believe that imposing carbon pricing on these sectors through a separate scheme initially could be a better option.

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EU carbon market surplus swells 14.2% following pandemic era cuts -analysts

Published 10:33 on April 9, 2021  /  Last updated at 12:03 on April 9, 2021  /  EMEA, EU ETS  /  No Comments

The EU ETS’ allowance surplus increased 14.2% to 1.392 billion as emissions fell sharply last year, according to environmental campaigners at Sandbag, who are urging the bloc to tighten the market’s cap and MSR settings to counter the supply glut.

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