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Poland to end coal-fired output “by 2050 or at latest 2060” -minister

Published 14:59 on August 3, 2020  /  Last updated at 00:52 on August 4, 2020  /  EMEA, EU ETS  /  No Comments

Polish coal-fired power generation is expected to fully shut down by 2060 at the latest as the country is forced to reconsider its coal-based assets, the country’s minister for state assets said on Monday.

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EU Market: EUAs climb ahead of auction cuts, heatwave

Published 19:35 on July 31, 2020  /  Last updated at 20:36 on July 31, 2020  /  EMEA, EU ETS  /  No Comments

EU carbon prices rose on Friday ahead of a month-long reduction in auction supply and as a heatwave started to grip much of Western Europe.

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EU carbon prices face ‘short-term bearish, medium-term bullish’ conundrum -analysts

Published 18:14 on July 31, 2020  /  Last updated at 19:15 on July 31, 2020  /  EMEA, EU ETS  /  No Comments

EU carbon prices are forecast to soar into a new upper echelon above €30 next year amid tightening supply and recovering demand, but they first must endure the second half of 2020, which is rife with bearish risk, analysts said.

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Utility Engie reports lagged hedging position, as H1 power output dips

Published 17:02 on July 31, 2020  /  Last updated at 17:02 on July 31, 2020  /  EMEA, EU ETS  /  No Comments

French utility Engie advanced its power hedging over Q2 but still lagged its position of a year earlier while overall generation slipped over the first half, it said in financial results on Friday, unveiling an asset review programme intended to allow the company to focus more strongly on renewables.

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Ireland forced to strengthen climate plan in second landmark court ruling

Published 16:31 on July 31, 2020  /  Last updated at 16:59 on July 31, 2020  /  EMEA, EU ETS  /  No Comments

The Irish government must take a more ambitious approach to achieve its climate targets, the country’s supreme court said on Friday, the world’s second citizen-led ruling to succeed in forcing more aggressive national emission cuts.

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Major EU airlines’ passenger capacity plunges in Q2 2020 despite slow summer rebound

Published 14:28 on July 31, 2020  /  Last updated at 15:47 on July 31, 2020  /  Aviation/CORSIA, EMEA, EU ETS  /  No Comments

Major EU airlines have seen their passenger capacity and traffic shrink to minimum levels in Q2 as a result of the COVID pandemic, despite signs of timid recovery amid easing restrictions and the start of the summer period.

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EU Market: EUAs slip back below €26 as economy woes loom large

Published 22:15 on July 30, 2020  /  Last updated at 23:05 on July 30, 2020  /  EMEA, EU ETS  /  No Comments

EUAs fell back below €26 on Thursday, giving back the previous day’s gains as markets sank on worse-than-expected GDP and corporate data, hitting home how badly the pandemic has struck the wider economy.

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EU utilities advance hedging over Q2 as thermal output hit hard by virus slump

Published 22:04 on July 30, 2020  /  Last updated at 00:37 on July 31, 2020  /  EMEA, EU ETS  /  No Comments

EU utilities advanced their hedging positions over the second quarter, even as their ETS-covered output slumped considerably as coronavirus restrictions took effect, according to financial results published on Thursday.

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New US-listed carbon ETF launched amid growing investor interest

Published 19:23 on July 30, 2020  /  Last updated at 01:38 on July 31, 2020  /  Africa, Americas, Asia Pacific, Bavardage, Canada, China, China's National ETS, EMEA, EU ETS, International, Kyoto Mechanisms, Mexico, New Market Mechanisms, New Zealand, Other APAC, South Korea, Switzerland, US  /  No Comments

A new US-listed exchange-traded fund (ETF) that tracks carbon prices in three markets was launched Thursday, allowing retail investors for the first time to indirectly hold cross-continental stakes in cap-and-trade schemes.

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EU industrials see recovery from COVID shutdowns, but outlook uncertain

Published 18:49 on July 30, 2020  /  Last updated at 20:57 on July 30, 2020  /  EMEA, EU ETS  /  No Comments

Some of the EU’s largest cement and steel producers have seen production rebound late in H1 following initial coronavirus lockdowns in Q1, but they say prospects of a second wave make their outlooks for the rest of the year impossible to predict.

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