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EU Market: EUAs rebound violently after hitting one-month low

Published 14:16 on September 22, 2020  /  Last updated at 10:07 on September 23, 2020  /  EMEA, EU ETS  /  No Comments

EU carbon prices fell to a one-month low on Tuesday, defying a stronger auction and reversals in wider markets, before sharply rebounding to surge by more than €2 from the day’s low on what traders said was a mix of compliance buying and speculative short-covering.

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French plans for aviation tax hike to face parliament after ministerial split

Published 20:57 on September 21, 2020  /  Last updated at 22:13 on September 21, 2020  /  Aviation/CORSIA, EMEA, EU ETS, International  /  No Comments

France’s parliament will have the last word over a citizen-led climate proposal to increase an aviation levy, following an inter-ministerial dispute and warnings that the hike may hit the country’s economy, the head of a French consultative assembly said on Monday.

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UK needs wider, higher, and simpler carbon pricing, report says

Published 20:53 on September 21, 2020  /  Last updated at 23:02 on September 21, 2020  /  Carbon Taxes, CBAM, EMEA, EU ETS  /  No Comments

Post-Brexit Britain needs to expand its carbon pricing to more sectors at a rate rising to at least £75/tonne ($95, €80) by 2030 to put it on a path to reach its 2050 net zero emissions target, according to a report published by an expert group Monday.

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EU Market: EUAs tumble amid broader market sell-off

Published 17:44 on September 21, 2020  /  Last updated at 18:41 on September 21, 2020  /  EMEA, EU ETS  /  No Comments

European carbon prices sank to a two-week low on Monday on another bearish auction result and as wider markets fell on fears that a resurgence in coronavirus cases could spur a new round of government-imposed restrictions.

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Norway puts up $1.8 bln for world-first industry CCS project

Published 15:33 on September 21, 2020  /  Last updated at 21:29 on September 21, 2020  /  EMEA, EU ETS  /  No Comments

Norway is prepared to finance two-thirds of the cost of the world’s first full-scale industry CCS project, which will initially capture cement emissions but could eventually store CO2 shipped from the rest of Europe.

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EU Commission confirms plans to trim industry’s indirect ETS cost compensation

Published 13:35 on September 21, 2020  /  Last updated at 23:10 on September 21, 2020  /  EMEA, EU ETS  /  No Comments

Fewer EU industrial sectors will be eligible for indirect ETS cost compensation through 2030, while the share of costs eligible will be also reduced, according to revised guidelines adopted by the EU on Monday.

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EU carbon prices could double by 2024 under Commission-inspired ETS reforms -analysts

Published 00:10 on September 21, 2020  /  Last updated at 00:23 on September 21, 2020  /  EMEA, EU ETS  /  No Comments

EU carbon prices could double within the next four years should lawmakers agree to tighten the market based on some of the proposals floated by the European Commission.

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EU Market: EUAs fade after weak auction for 1% weekly loss

Published 19:10 on September 18, 2020  /  Last updated at 23:15 on September 18, 2020  /  EMEA, EU ETS  /  No Comments

EUAs fell to a one-week low below €28 on Friday after a weak auction exacerbated the bearish ‘fact-selling’ mood following this week’s release of Brussels’ long-awaited climate plan.

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EU nations phasing out coal power “sooner than expected” -Commission

Published 18:10 on September 18, 2020  /  Last updated at 23:58 on September 18, 2020  /  Carbon Taxes, EMEA, EU ETS  /  No Comments

Coal power phaseout plans by EU member states have accelerated in the past few months to suggest that the fuel’s share of the bloc’s electricity mix may decline by more than two-thirds over the 15 years to 2030, according to a European Commission assessment of the 27 nations’ climate plans.

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Finland confirms plans to end indirect EU ETS compensation next year

Published 18:53 on September 17, 2020  /  Last updated at 21:49 on September 17, 2020  /  EMEA, EU ETS  /  No Comments

Finland has confirmed it will end its scheme to compensate heavy industry for its indirect EU ETS costs next year, replacing the programme with support to help the sectors electrify.

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