COMMENT: A Q&A on EU ETS2
Stefan Feuchtinger, Head of Market Research and Analysis at Vertis Environmental Finance (VEF), answers all the questions you’ve ever wanted to ask about the upcoming EU ETS2.
Read MoreEU industries exposed to ‘full loss of export markets’ due to climate policies -report
While the EU’s Carbon Border Adjustment Mechanism (CBAM) provides an effective protection against imports of cheaper CO2-intensive products into Europe, it omits a crucial export dimension, with potentially devastating consequences for sectors like steelmaking and fertilisers, according to a new report.
Read MoreEuro Markets: EUAs fluctuate after early steep drop as energy markets gyrate on geopolitical gusts
European carbon prices fell sharply in line with energy at the open on Monday, before fluctuating across the session as tensions in the Middle East appeared to lessen after Iran’s weekend drone strikes against Israel were largely defeated, with participants reporting a slight relaxation in market risk.
Read MoreGreater transparency, predictability needed for future EU ETS intervention, says think tank
There needs to be a more transparent and predictable approach to regulatory interventions in the EU ETS, a report from a think tank said Monday.
Read More‘Anecdotal evidence’ that CBAM is spurring carbon pricing initiatives worldwide, EU official says
The EU’s Carbon Border Adjustment Mechanism (CBAM), which came into force last year, is spurring new carbon pricing initiatives in countries around the world as they seek to avoid the CO2 tariff, an official has said, adding however, that not all of these schemes are comparable to the bloc’s ETS.
Read MoreThird carbon market ETF to close this year
Another carbon market ETF will start to liquidate its holdings this month, the third such fund to close this year.
Read MoreEuro Markets: EUAs reach 3-month high, post 18% weekly gain as short covering continues amid energy strength
European carbon prices jumped to their highest in three months late on Friday, extending Thursday’s 8% gain and posting an 18% weekly increase, as short-covering continued to drive the market, while also helping boost energy prices to their strongest in more than two months.
Read MoreEU nations give final nod to energy-efficiency law for buildings
The Council of EU member states gave the final go-ahead on Friday to a new EU directive aimed at reducing the energy consumption of buildings, in an attempt to decarbonise the sector before it enters the EU’s Emissions Trading System (ETS) in 2027.
Read MoreINTERVIEW: Meet the Pirate lawmaker fighting for the world’s first carbon removal Bill of Rights
A lawmaker from the libertarian Pirate Party in tiny Luxembourg is fighting to have a groundbreaking regulation approved that would be the first in the world to provide an incentive scheme for carbon removal (CDR) technologies.
Read MoreTop German steelmaker to cut production citing energy costs, climate policies
Germany’s largest steelmaker has announced plans to reduce output by around 20% because of consistent high energy costs “owing to climate policy objectives” and pressure from Asian competitors, the company’s executive board said Thursday evening.
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