BRIEFING: Could CORSIA be the next Trump target, and what would a US exit mean?
The US’ involvement in the UN’s CORSIA aviation offsetting scheme could soon be on the new Trump administration’s radar – if it’s not already – after the CEO of a major logistics firm said he expects the country to exit the programme. But what would that look like and how are other major countries likely to respond?
Read MoreEuro Markets: EUAs tumble 3.5% as ‘risk-off’ sentiment washes over markets
European carbon prices tumbled on Monday even as natural gas markets advanced, as EUAs were hit by substantial selling on concerns that President Donald Trump will levy new tariffs on EU exports to the US.
Read MoreAustria needs 5-7 mln tonnes of carbon removals per year to reach net zero, official says
Austria’s carbon management strategy, including public funding programmes, will not be impacted by ongoing government coalition talks and will remain in place unless laws are being changed, an official has said, outlining that the country could need as many as 7 million tonnes of carbon removals per year to achieve its climate goals.
Read MoreCarbon crediting for peatland rewetting may overestimate climate benefits -study
A new study has raised concerns about the long-term effectiveness of peatland rewetting as a carbon farming strategy, warning that current crediting mechanisms may overestimate the climate benefits of such projects if they fail over time.
Read MoreEuro Markets: EUAs plough higher amid stubborn buying, as UKAs post largest ever weekly gain
European carbon permits returned a 15% monthly increase in January after posting their seventh gain in the last 10 days on Friday, with a strong auction outcome underpinning the market’s stubborn strength amid firming power and gas, while UKAs recorded their largest-ever weekly gain.
Read MoreGermany greenlights overdue EU ETS reform law
Europe’s largest economy has finally moved to transpose the latest version of the EU Emissions Trading System (ETS) regulation into national law.
Read MoreEU’s 2040 climate target plan facing delay amid political infighting
The European Commission will put forward its 2040 climate target bill “sooner rather than later”, a spokesperson said Friday, reaffirming that Europe’s aim is still to get its legislation adopted before the COP30 UN climate summit in November.
Read MoreEurope’s industrial slump not caused by EU ETS – for now, say analysts
The share of carbon in the cost structure of industries covered by the EU’s Emissions Trading Scheme (EU ETS) is currently too small to cause deindustrialisation on its own, but will become a growing cause for concern in the coming years, analysts said.
Read MoreUK proceeds with technical ETS changes aimed at transparency, simplification
The UK ETS Authority intends to move forward with proposed technical and operational changes to the market, aimed at creating more transparency, maintaining parallels with the EU ETS, and simplifying compliance, it announced on Thursday evening.
Read MoreEuro Markets: EUAs retreat after setting 15-month high, as analysts highlight retracement potential
European carbon allowance prices reached a new 15-month high on Thursday morning, before giving back the gains as EUAs cut loose from their recent correlation with TTF natural gas and German power in the afternoon amid a pick-up in selling activity, with analysts pointing to growing potential for a price retracement.
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