Euro Markets: EUAs plunge most in three weeks amid short-selling as equities and energy slide
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.
Read MoreOnly political intervention can stop EU carbon allowances from moving higher, analyst warns
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.
Read MoreEU lawmakers pick up pace on ETS reforms in new year
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.
Read MoreEuro Markets: EUAs drift late in day amid energy sell-off
EUAs drifted on Friday afternoon amid mixed energy prices, as participants geared up for the resumption of allowance auctions on Monday.
Read MoreNew Czech government vows 2033 coal phaseout
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.
Read MorePetroChina hires Statkraft origination boss to lead new global carbon team
PetroChina has hired Statkraft’s head of environmental markets origination to build and lead a new global carbon trading division, Carbon Pulse has learned.
Read MoreLead MEP urges EU to sharply boost its carbon sink by 2030
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.
Read MoreEuro Markets: EUAs drift in light holiday-affected trade despite stronger energy markets
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.
Read MoreMARC(U) MY WORD: Key issues in EU ETS review
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.
Read MoreEuro Markets: EUAs continue to make gains as energy markets lift
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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