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Euro Markets: EUAs plunge most in three weeks amid short-selling as equities and energy slide

Published 17:55 on January 10, 2022  /  Last updated at 00:31 on January 11, 2022  /  EMEA, EU ETS, UK ETS  /  No Comments

EU Allowance prices slumped as much as 6.6% on Monday as short sellers entered the market after a weak first daily auction of the year and as equities and energy prices retreated.

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Only political intervention can stop EU carbon allowances from moving higher, analyst warns

Published 23:31 on January 7, 2022  /  Last updated at 23:31 on January 7, 2022  /  EMEA, EU ETS  /  No Comments

Only political intervention can stop EU carbon allowances from moving higher, an analyst warned Friday, predicting that prices would average €100 over the next two years.

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EU lawmakers pick up pace on ETS reforms in new year

Published 19:37 on January 7, 2022  /  Last updated at 01:00 on January 8, 2022  /  CBAM, EMEA, EU ETS  /  No Comments

EU Parliamentarians are set to table key ideas for ETS reforms in the coming weeks, with a senior MEP this week recommending sticking to plans to maintain the supply-regulating MSR current 24% annual absorption rate.

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Euro Markets: EUAs drift late in day amid energy sell-off

Published 17:50 on January 7, 2022  /  Last updated at 21:44 on January 7, 2022  /  EMEA, EU ETS, UK ETS  /  No Comments

EUAs drifted on Friday afternoon amid mixed energy prices, as participants geared up for the resumption of allowance auctions on Monday.

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New Czech government vows 2033 coal phaseout

Published 14:33 on January 7, 2022  /  Last updated at 14:33 on January 7, 2022  /  EMEA, EU ETS  /  No Comments

Czechia’s new government has pledged to phaseout coal power by 2033, a date five years earlier than the previous administration had planned but still beyond the end-date that the UN says is needed to stave off climate change.

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PetroChina hires Statkraft origination boss to lead new global carbon team

Published 13:37 on January 7, 2022  /  Last updated at 13:37 on January 7, 2022  /  Americas, Bavardage, China, China's National ETS, China's Offset Market, China's Pilot Markets, EMEA, EU ETS, International, US, Voluntary Market  /  No Comments

PetroChina has hired Statkraft’s head of environmental markets origination to build and lead a new global carbon trading division, Carbon Pulse has learned.

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Lead MEP urges EU to sharply boost its carbon sink by 2030

Published 18:30 on January 6, 2022  /  Last updated at 19:56 on January 6, 2022  /  EMEA, EU ETS  /  No Comments

The EU should target a carbon sink of at least 490 MtCO2e by 2030 under its land use, land-use change and forestry (LULUCF) regulation, a key European Parliament member said in a draft report published this week, a tougher goal than the 310 MtCO2e level proposed by the Commission.

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Euro Markets: EUAs drift in light holiday-affected trade despite stronger energy markets

Published 17:42 on January 6, 2022  /  Last updated at 19:48 on January 6, 2022  /  EMEA, EU ETS, UK ETS  /  No Comments

EUAs dipped in very thin trade on Thursday, as many markets across Europe were closed for public holidays, while natural gas prices climbed amid social unrest in Kazakhstan and a halt to exports from neighbouring Uzbekistan.

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MARC(U) MY WORD: Key issues in EU ETS review

Published 18:06 on January 5, 2022  /  Last updated at 01:12 on January 6, 2022  /  Carbon Taxes, CBAM, Conversations, EMEA, EU ETS, Views  /  No Comments

Observers and stakeholders generally agree that the revision to the EU ETS needs to ensure that the transition results in a prosperous and decarbonised, but not deindustrialised Europe.

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Euro Markets: EUAs continue to make gains as energy markets lift

Published 18:02 on January 5, 2022  /  Last updated at 02:19 on January 6, 2022  /  EMEA, EU ETS, UK ETS  /  No Comments

EU carbon prices maintained this week’s upward trajectory on Wednesday, gaining as much as 4.3% in relatively light trading as energy markets rallied in the afternoon.

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