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Euro Markets: EU carbon posts 7.5% weekly gain after brief foray above €80

Published 17:48 on December 3, 2021  /  Last updated at 19:40 on December 3, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

EUAs broke through the €80 barrier for the first time on Friday but failed to hold on to the new level as some profit taking emerged, while energy prices were mixed for a second day.

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EU nations remain split over need to meddle in energy, CO2 markets

Published 20:30 on December 2, 2021  /  Last updated at 23:31 on December 2, 2021  /  EMEA, EU ETS  /  No Comments

EU energy ministers remain at odds over whether to intervene in the EU ETS amid a long-lasting energy price spike, with a few member states still pushing for temporary relief at Thursday’s Council meeting.

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Euro Markets: EUA rally stops short of €80 as options hedging picks up pace

Published 18:10 on December 2, 2021  /  Last updated at 20:36 on December 2, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

EU allowances set their 12th record in the last 15 days on Thursday as speculative buyers dominated the market, while a fund manager predicted prices would reach €100 before the end of the year.

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EU launches response to China’s Belt and Road, with green strings attached

Published 20:59 on December 1, 2021  /  Last updated at 20:59 on December 1, 2021  /  Climate Talks, EMEA, EU ETS, International  /  No Comments

The European Commission, EU member states and financial institutions on Wednesday teamed up to mobilise up to €300 billion towards foreign investments over the next five years, aiming to rival China’s Belt and Road Initiative (BRI) while championing the bloc’s green transition and digital priorities.

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ANALYSIS: Norway’s symbolic first step towards reining in its oil industry

Published 20:19 on December 1, 2021  /  Last updated at 20:55 on December 1, 2021  /  Carbon Taxes, EMEA, EU ETS, International  /  No Comments

Norway’s decision this week to deny oil exploration licences in virgin or little-explored areas in 2022 is seen by experts as a largely symbolic move that nonetheless reflects the mounting pressure on the major fossil fuel producer to curb its exported emissions.

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Euro Markets: EUAs slip back from record high amid renewed calls for intervention

Published 17:50 on December 1, 2021  /  Last updated at 20:01 on December 1, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

EUAs gave up some gains on Wednesday after shooting to a new record for the tenth time in 13 days, a move largely attributed to speculators amid another high-level call for intervention. 

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EU on track to emit double its 1.5C-aligned carbon budget, says veteran climate campaigner

Published 16:16 on December 1, 2021  /  Last updated at 18:01 on December 1, 2021  /  Climate Talks, EMEA, EU ETS, International  /  No Comments

The EU will emit double its 1.5C-aligned carbon budget under its current emissions targets, according to analysis by a veteran climate campaigner published on Wednesday that suggests the bloc will need to raise its ambition further.

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UK ETS regulator to announce intervention decision within 2 weeks after cost containment triggered

Published 18:41 on November 30, 2021  /  Last updated at 19:11 on November 30, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

The UK ETS Authority will announce by Dec. 14 how it will respond to a three-month rise in UK Allowance prices that has taken the market above the threshold for possible intervention, the regulator said late Tuesday.

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Think-tank boss appointed to Germany’s economy and climate ‘super-ministry’

Published 18:33 on November 30, 2021  /  Last updated at 21:36 on December 2, 2021  /  Bavardage, EMEA, EU ETS  /  No Comments

The incoming German coalition government on Tuesday appointed the head of environmental think-tank Agora Energiewende as the top official in the new administration’s beefed-up economy and climate ministry.

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Brussels aims to target foreign producers in methane-cutting efforts

Published 18:25 on November 30, 2021  /  Last updated at 18:25 on November 30, 2021  /  EMEA, EU ETS, International  /  No Comments

The EU should focus on cutting methane emissions from foreign energy producers while improving monitoring of its own relatively smaller output, EU sources said on Tuesday, outlining the bloc’s upcoming plans to help meet the aims of the recently adopted Global Methane Pledge.

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