ANALYSIS: Despite November uptick, EU fossil power emissions on course for yet another heavy annual drop
Annual EU carbon emissions from electricity generation covered by the bloc’s ETS are set to slump heavily once again in 2024 despite a strong rise in gas-fired output last month, analysts have said, though next year could see a much tighter market and a sustained price recovery.
Read MoreEurope risks missing 2030 climate goals without urgent policy action, analysts warn
Europe may have made significant progress in decarbonising its energy sector, but investment efforts must more than double to an average of $1 trillion annually by 2030.
Read MoreSwitzerland’s Alpiq hires veteran European emissions trader
Switzerland’s Alpiq has hired a veteran trader for its European emissions desk.
Read MoreEuro Markets: EUAs rebound in late rally as market awaits options expiry
European carbon prices struggled for direction for much of Friday, with participants said to be anticipating options expiry next week, before a late rally saw the benchmark reclaim nearly all of the value it had lost this week during a string of gas-driven bearish sessions.
Read MoreFrance’s CCS rollout plan stopped in its tracks after government falls
Plans to develop carbon capture and storage (CCS) in France have made headway over the past months and will resume as soon as the political situation stabilises and the 2025 budget is voted, an official told EU policymakers on Thursday.
Read MoreEuro Markets: EUAs drift along with TTF gas as traders trim length ahead of weekend
European carbon prices ended slightly lower on Thursday, following the evolution in front-month natural gas as both markets saw length being trimmed amid what has been a weak few days.
Read MoreEU likely to propose exempting small companies from CBAM in early 2025, senior EU official says
The European Commission is likely to next year put forward a proposal to exclude small companies from the EU’s Carbon Border Adjustment Mechanism (CBAM), a senior official told Carbon Pulse on Thursday.
Read MoreFutures growth drives strong EU carbon volumes on EEX in November
Strong growth in futures has driven EEX exchange-traded EU carbon volumes higher in both November and 2024 to date, according to data published Thursday.
Read MoreBRIEFING: AI-powered global data centre buildout at fork in the road, with energy choices crucial to emissions trajectory
A rise in emissions resulting from the boom in data centre energy demand over the coming years will depend on whether countries can overcome power grid issues, obstacles to renewable expansion, and how much of the added electricity consumption is met with fossil-based generation, industry leaders told a summit in Paris this week.
Read MoreINTERVIEW: EU 90% climate target should be “emission reductions only”, says Swedish MEP
The EU’s 2040 climate target proposal, due early next year, should make a clear distinction between emission reductions and carbon removals, said Swedish lawmaker Emma Wiesner, denouncing the bloc’s plans to put forward a net target as “a slap in the face” and “a huge betrayal” for the European Parliament.
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