DATA DIVE: The European countries set to capitalise on demand for carbon storage

Published 14:34 on June 19, 2024  /  Last updated at 14:54 on June 19, 2024  / Nick Ferris /  Data Dive, EMEA, EU ETS, International, UK ETS

Certain European countries blessed with geographical advantages can expect to reap significant rewards as demand for carbon storage heats up this decade.

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EU nations call to tweak how ETS is applied to shipping sector to avoid carbon leakage

Published 14:30 on June 19, 2024  /  Last updated at 14:31 on June 19, 2024  / Rebecca Gualandi /  Carbon Taxes, EMEA, EU ETS, International, Shipping

Spain, backed by a number of EU countries, has proposed tweaking how the ETS is applied to the maritime sector to avoid carbon leakage, and urged the UN shipping body to adopt greenhouse gas emissions measures to avoid regulatory fragmentation.

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Euro Markets: EUAs remain rangebound ahead of options expiry as UKAs finally breach key level

Published 17:19 on June 18, 2024  /  Last updated at 17:25 on June 18, 2024  / Alessandro Vitelli /  EMEA, EU ETS, UK ETS

European carbon prices edged higher but remained broadly within their recent range on Tuesday, moving in a €1.54 channel as the market continued to position itself ahead of Wednesday’s expiry of the June options contract, while UK Allowances broke above a key psychological level that had been capping the British market’s recent rally.

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Social acceptance of carbon pricing hinges largely on revenue spending, study finds

Published 13:32 on June 18, 2024  /  Last updated at 13:32 on June 18, 2024  / Sara Stefanini /  Carbon Taxes, EMEA, EU ETS

The political success of carbon pricing policies – such as the upcoming EU ETS2 for road transport and heating fuels – will depend on whether they help people to switch away from fossil fuels, as inflation and higher interest rates have made it harder for consumers to access cleaner alternatives, according to new research.

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EU climate ministers widely endorse 2040 90% GHG reduction target

Published 18:23 on June 17, 2024  /  Last updated at 18:23 on June 17, 2024  / Rebecca Gualandi /  Carbon Taxes, CBAM, EMEA, EU ETS

Most EU ministers expressed their support for the 90% greenhouse gas emissions reduction target by 2040, put forward by the European Commission earlier this year, in a meeting on Monday.

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Euro Markets: EUAs steady ahead of options expiry in quiet trading as UKAs rise to eight-month high

Published 17:10 on June 17, 2024  /  Last updated at 17:23 on June 17, 2024  / Alessandro Vitelli /  EMEA, EU ETS, UK ETS

With the June options contract expiry just two days away, European carbon prices appeared to find a level with sellers’ efforts to drive prices lower running into more robust buying interest, leaving EUAs lagging behind a steeper drop in natural gas and seeming to confirm that the correlation between the two prices has temporarily been broken, while UKAs rose to settle at an eight-month high.

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Fate of EU nature law hangs in the balance at Monday ministerial meeting

Published 18:34 on June 14, 2024  /  Last updated at 18:34 on June 14, 2024  / Emanuela Barbiroglio /  Biodiversity, Climate Talks, EMEA, EU ETS

A long quest for legislation to restore ecosystems across land in Europe may reach the end of the line on Monday when the EU’s 27 environment ministers gather in Luxembourg for what could be a decisive meeting, although negotiators are still unsure about how things will play out exactly.

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Euro Markets: EUAs finally give way under weight of options-related selling, while UKA discount at one-year low

Published 17:16 on June 14, 2024  /  Last updated at 19:32 on June 14, 2024  / Alessandro Vitelli /  EMEA, EU ETS, UK ETS

After clinging to the week’s narrow trading range for the first half of Friday, European carbon prices fell away to a six-week low in the afternoon as option traders unwound hedges ahead of next Wednesday’s expiry of the June options contracts, while UK allowances trimmed their discount to the European contract to the least in a year.

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INTERVIEW: Behavioural analysis of EUA trading strategies needed as power sector decarbonises

Published 16:00 on June 14, 2024  /  Last updated at 18:31 on June 14, 2024  / Alejandra Padin-Dujon /  Aviation/CORSIA, EMEA, EU ETS, International, Shipping

Sector-specific trading strategies for EU carbon allowances will increasingly determine supply and demand balances as free allocations are phased out and Europe’s power sector contiues to decarbonise, according to a carbon analyst and financial modelling expert.

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Danish Parliament approves CO2 tax for industry, shipping

Published 18:07 on June 13, 2024  /  Last updated at 18:07 on June 13, 2024  / Rebecca Gualandi /  Carbon Taxes, EMEA, EU ETS

The Danish parliament has approved two bills that will impose a CO2 tax on parts of industry, including shipping and waste-to-energy companies, from next year.

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