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EU Market: EUAs slip back below €25 as China virus worries markets

Published 17:52 on January 23, 2020  /  Last updated at 18:15 on January 23, 2020  /  EMEA, EU ETS  /  No Comments

EUAs slipped 1% on Wednesday as the energy complex weakened while wider financial markets fretted about the spread of a flu-like virus in China and elsewhere.

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World’s carbon markets grow 34% in value to $215 billion in 2019 -report

Published 21:34 on January 22, 2020  /  Last updated at 11:45 on January 23, 2020  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, Carbon Taxes, China, China's National ETS, China's Offset Market, China's Pilot Markets, EMEA, EU ETS, International, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, South & Central, South Korea, Switzerland, US  /  No Comments

Global carbon markets grew by 34% in 2019 to hit €194 billion ($215.1 bln) in value, according to analysts at Refinitiv, marking a third straight year of growth and a nearly fivefold increase in two years.

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EU chief warns on CO2 border measures, praises California, China

Published 18:53 on January 22, 2020  /  Last updated at 21:16 on January 22, 2020  /  Americas, Asia Pacific, Carbon Taxes, China, EMEA, EU ETS, International, US  /  No Comments

European Commission president Ursula von der Leyen warned on Wednesday that the EU will press ahead with border carbon adjustment plans to protect its industry and workers, but she praised California and China’s carbon pricing efforts that could mean the measures are never needed.

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EU Market: EUAs lift above €25, though lose most early gains

Published 18:24 on January 22, 2020  /  Last updated at 21:23 on January 22, 2020  /  EMEA, EU ETS  /  No Comments

EUA prices lifted back above €25 on Wednesday, though much of the early gains made in the auction-free session were given back later on.

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EU Market: EUAs slip below €25 amid tepid auction demand

Published 17:30 on January 21, 2020  /  Last updated at 23:01 on January 21, 2020  /  EMEA, EU ETS  /  No Comments

EUAs dipped below €25 early on Tuesday as auction demand continued to be lacklustre even as Germany gave further clarity about efforts to ensure its coal power phaseout won’t dampen demand.

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Independent advisors to guide German EUA cancellations from coal phaseout

Published 17:12 on January 21, 2020  /  Last updated at 15:49 on January 24, 2020  /  EMEA, EU ETS  /  No Comments

Germany will seek independent advice annually to guide EU carbon permit retirements linked to its coal phaseout, with each cancellation cycle taking around two years, according to draft legislation seen by Carbon Pulse.

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EU nations to aim for June sign-off on 2050 net zero law

Published 16:41 on January 21, 2020  /  Last updated at 16:41 on January 21, 2020  /  EMEA, EU ETS  /  No Comments

EU member states will be asked in June to endorse a law to bind the bloc to a 2050 net zero emission goal, fast-tracking a process that kicks off a wide-ranging Brussels plan to green its economy.

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EU Market: EUAs tumble from fresh January high as auction demand falters

Published 19:10 on January 20, 2020  /  Last updated at 19:58 on January 20, 2020  /  EMEA, EU ETS  /  No Comments

EUAs extended a January high on Monday, only to fall back on a feeble auction, faltering energy complex, and predictions that the MSR’s supply-curbing powers may be temporarily weakened this year.

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Unshaken belief: analysts reiterate €65 target for EU carbon prices in 2020

Published 18:35 on January 20, 2020  /  Last updated at 09:48 on January 21, 2020  /  EMEA, EU ETS  /  No Comments

A German investment bank has reiterated its view that EU carbon allowances will almost triple in value in 2020 and could even top €100, despite prices languishing in the mid-€20s for most of the past year.

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UK supply suspension to mean smaller EUA cuts under MSR from Sep. -experts

Published 12:57 on January 20, 2020  /  Last updated at 13:06 on January 20, 2020  /  EMEA, EU ETS  /  No Comments

The quantity of EU carbon allowances to be removed from the market over the 12 months from this September by the supply-slashing MSR will be reduced by tens of millions of tonnes due to the UK being suspended from auctioning and allocations.

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