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Raising EU GHG target to 55% possible if all sectors contribute, says energy chief

Published 19:08 on June 30, 2020  /  Last updated at 23:47 on June 30, 2020  /  EMEA, EU ETS  /  No Comments

EU Commissioner for Energy Kadri Simson is optimistic about the bloc’s ability to raise its 2030 emissions target to 55%, she said at an online event on Tuesday, stressing the need to cut GHG output from heavy industry and to spur energy efficiency in buildings.

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EU Market: EUAs spike to nine-month high above €27 on more speculative buying, short-covering

Published 16:00 on June 30, 2020  /  Last updated at 22:49 on June 30, 2020  /  EMEA, EU ETS  /  No Comments

EUAs raced to a nine-month high above €27 on Tuesday, surging on more speculative buying and short-covering to reverse early losses in volatile quarter-end trade.

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BRIEFING: Incoming German EU presidency outlines plans to “strengthen” ETS, steer climate law

Published 21:56 on June 29, 2020  /  Last updated at 00:12 on June 30, 2020  /  EMEA, EU ETS  /  No Comments

The incoming German presidency of the Council of EU member states will keep climate policy and the bloc’s carbon market high on the agenda, as Berlin will be responsible for fostering agreements among EU nations over an upgraded level of ambition for 2030.

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MARCU MY WORDS: Carbon leakage and competitiveness – different objectives, different tools

Published 18:10 on June 29, 2020  /  Last updated at 22:40 on June 29, 2020  /  Carbon Taxes, Conversations, EMEA, EU ETS, International  /  No Comments

The EU needs to broaden its debate beyond a proposed carbon border adjustment mechanism in order to deal with carbon leakage and competitiveness issues thrown up by its climate ambition running ahead of that pursued by its main trade partners, argue Andrei Marcu, Michael Mehling, Aaron Cosbey of think-tank ERCST.

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EU Market: EUAs surge to 2020 high near €27 on speculative buying, short-covering

Published 17:54 on June 29, 2020  /  Last updated at 23:05 on June 29, 2020  /  EMEA, EU ETS  /  No Comments

EUAs surged to near €27 on Monday to hit their highest so far this year, rebounding by almost 10% from early weakness as speculator buying drove a strong auction result and widespread short-covering.

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France’s Macron to present new environmental agenda after election setback

Published 17:10 on June 29, 2020  /  Last updated at 22:54 on June 29, 2020  /  EMEA, EU ETS  /  No Comments

French President Emmanuel Macron will put forward in September new climate legislation based on citizen proposals and push for more climate ambition at EU level, he said on Monday following a major setback in local elections.

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Germany leads four-nation call for Brussels to keep alternatives to carbon border tax open

Published 18:44 on June 26, 2020  /  Last updated at 21:37 on June 26, 2020  /  EMEA, EU ETS  /  No Comments

Four EU governments including Germany have co-signed a statement asking the European Commission to consider additional options in preventing carbon leakage besides a carbon border adjustment mechanism (CBAM).

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EU Market: EUAs fall on weak auction as traders see rally stalling

Published 17:40 on June 26, 2020  /  Last updated at 19:20 on June 26, 2020  /  EMEA, EU ETS  /  No Comments

European carbon prices fell on Friday after the most bearish auction in almost two months and as traders said the six-week rally appears to be “petering out”.

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IEA urges EU to strengthen carbon pricing, reconsider carbon leakage risk

Published 22:51 on June 25, 2020  /  Last updated at 22:51 on June 25, 2020  /  EMEA, EU ETS  /  No Comments

The International Energy Agency (IEA) on Thursday called for the EU to strengthen its ETS and non-ETS carbon pricing to help meet its decarbonisation goals, playing down the carbon leakage risk that to date has resulted in heavy industries getting the vast majority of their EUAs for free.

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Energy watchdog to release roadmap for eastern European carbon pricing this summer

Published 18:04 on June 25, 2020  /  Last updated at 21:05 on June 25, 2020  /  EMEA, EU ETS  /  No Comments

The Energy Community secretariat will this summer release a study setting out a roadmap to introduce carbon pricing in the Western Balkans and Eastern European countries, an official at the regional organisation said Thursday.

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