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EU ministers head for fraught REPowerEU talks amid unresolved spat

Published 18:30 on September 28, 2022  /  Last updated at 19:15 on September 28, 2022  /  EMEA, EU ETS  /  No Comments

Czechia is set to stick to its compromise plans in its efforts to broker a united stance among EU nations for bloc’s REPowerEU strategy, despite some member states objecting to raiding the ETS-derived Innovation Fund, an official told Carbon Pulse on Wednesday.

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Euro Markets: EUAs give up rest of Monday’s gains as focus switches to funds’ growing net short

Published 17:37 on September 28, 2022  /  Last updated at 17:52 on September 28, 2022  /  EMEA, EU ETS, UK ETS  /  No Comments

EUAs gave up further ground on Wednesday, with prices settling at their lowest in more than six months as the market continued to digest EU lawmaker plans on allowance sales to fund the REPowerEU package, while investment funds’ record net short position in the futures market also drew focus.

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Proposed 10% EU winter power use cut could reduce sectoral emissions by one quarter -analysts

Published 17:18 on September 28, 2022  /  Last updated at 17:18 on September 28, 2022  /  EMEA, EU ETS  /  No Comments

A sustained 10% drop in EU power demand over the winter as proposed by Brussels could lead to a 26% drop in electricity sector emissions, according to analysts, though this scenario would be ambitious given the scale of such a curtailment.

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EU should scrap “Fit for 55” ETS reforms to protect industrial competitiveness -lobby group

Published 13:44 on September 28, 2022  /  Last updated at 14:20 on September 28, 2022  /  EMEA, EU ETS  /  No Comments

The EU should scrap key elements of its proposed “Fit for 55” reforms of the EU ETS amid the current energy crisis, leaving the market in its current format to protect industry’s competitiveness, a lobby group said on Wednesday.

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EU lawmakers tee up battle over REPowerEU carbon sale sources

Published 20:00 on September 27, 2022  /  Last updated at 20:29 on September 27, 2022  /  Carbon Taxes, CBAM, EMEA, EU ETS, Uncategorized  /  No Comments

Forthcoming talks on how to finance part of the EU’s rapid exit from Russian fossil fuels promise to be heated, with lawmakers and member states at odds over which carbon allowances to raise €20 billion from, though both are critical of a Brussels plan to tap the supply-managing MSR.

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Euro Markets: EUAs give up half Monday’s gains as market digests REPowerEU proposals and gas rises

Published 18:03 on September 27, 2022  /  Last updated at 18:21 on September 27, 2022  /  EMEA, EU ETS, UK ETS  /  No Comments

EUA prices gave up half of the previous session’s sharp gains on Tuesday as traders absorbed the implications of the European Parliament’s preliminary deal on REPowerEU carbon sales, while energy prices rose strongly after reports of leaks in undersea sections of the Nord Stream gas pipeline system.

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ANALYSIS: World risks “immense” climate impacts of Russian gas flaring and pipeline leaks

Published 17:31 on September 27, 2022  /  Last updated at 16:52 on September 28, 2022  /  Africa, Americas, Asia Pacific, China, EMEA, EU ETS, International, US  /  No Comments

The world is risking “immense” consequences for the climate as Russia looks to burn excess gas no longer being sent to Europe, while experts believe a series of gas leaks from the Nord Stream pipelines this week will worsen the situation. 

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ICIS energy analyst joins London-based carbon fund

Published 12:53 on September 27, 2022  /  Last updated at 20:32 on September 27, 2022  /  Bavardage, EMEA, EU ETS, UK ETS  /  No Comments

An energy analyst has left analytics firm ICIS to join a London-based fund.

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ICE to allow EUAs to be used as margin cover

Published 21:59 on September 26, 2022  /  Last updated at 09:11 on September 27, 2022  /  EMEA, EU ETS  /  No Comments

Exchange operator ICE is changing its rules to allow market participants to use EU Allowances as margin cover, it announced Monday.

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Italy’s decarbonisation path at risk as far-right alliance takes helm

Published 20:31 on September 26, 2022  /  Last updated at 20:31 on September 26, 2022  /  Carbon Taxes, CBAM, EMEA, EU ETS  /  No Comments

Italy, the EU’s third-largest economy, is poised to be run by a hard-right coalition led by Giorgia Meloni after the leader of populist party Fratelli d’Italia (Brothers of Italy) came out as the absolute winner of the country’s snap elections, in a history-making victory set to put domestic gas supply and nuclear resurgence at the core of the national energy debate.

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