EU shipping workers’ groups still question ETS extension
One year after its official kick off, the European Union’s Emissions Trading System (ETS) for maritime transport is facing intense criticism from Mediterranean shipping leaders, who have warned of a potential rapid shift of activities to North African ports.
Read MoreSpain launches EU ETS observatory to assess impact of carbon costs on maritime ports
Spain’s state-owned port authority Puertos del Estado has launched an observatory to assess the impact of the EU ETS on national port competitiveness, amid mounting concerns that higher operating costs relating to the cap-and-trade scheme could divert maritime traffic to non-EU ports.
Read MoreRefiners ask for “dialogue” with EU to formulate decarbonisation plan
Oil refiners have called on the European Commission to provide guidance on the sector’s transition to climate neutrality, as fuel suppliers prepare for the EU’s upcoming Emissions Trading Scheme for road transport and heating fuels, the ETS2.
Read MoreEuro Markets: EUAs cut loose from TTF gas link and rise to three-week high as macro, demand optimism grow
European carbon prices advanced for a sixth day, disconnecting from a weaker natural gas market as a holiday across many parts of Europe robbed the EUA market of liquidity and handed the initiative to the bulls, with traders eyeing US-China trade talks this week, as well as the prospect of lower renewables output and increased cooling demand.
Read MoreEXCLUSIVE: Romania to explore simplifying EU methane rules in new Omnibus
Romania is exploring potential simplifications to the EU’s methane regulation, targeting administrative obligations for countries with extensive oil and gas infrastructure, Carbon Pulse has learned.
Read MoreEuropean EV charging industry urges EU to preserve cars’ CO2 target
Business leaders from the European electric vehicle charging sector said rolling back the bloc’s 2035 combustion engine phaseout would be disastrous for their sector, as carmakers increase pressure on the European Commission to relax the target.
Read MoreEuro Markets: EUAs secure 4% weekly gain on gas strength, UKAs slip as market takes stock of uncertainty
European carbon prices moved in a thin range across Friday, boosted by another strong auction and tracking supportive energy prices for much of the day, as the benchmark EUA secured a 4% weekly gain, while UKAs eased marginally lower within participants continuing to react to a lack of clarity on timeline for linkage of the market to the EU ETS.
Read MoreEU countries’ climate plans “lack credible policies”, campaigners warn
A review of National Energy and Climate Plans (NECPs) submitted by EU countries so far shows significant gaps and lack of detail in a wide range of areas, casting doubt over the bloc’s ability to meet its 2030 climate goals, according to analysis published on Friday.
Read MoreEU’s 2040 climate target plan now confirmed for July 2
The European Commission will put forward its 2040 climate target proposal on July 2, a crucial step that officials said will “inform” the EU’s updated Nationally Determined Contribution (NDC) to the Paris Agreement.
Read MoreEuro Markets: EUAs struggle for direction as flat market breaks from gas correlation
European carbon allowance prices rose as high as 2% on Thursday morning, initially following gas and boosted by a strong auction, before easing back across the afternoon and breaking their TTF correlation to settle flat on the day, in what sources described as directionless movements driven mainly by some profit taking.
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