Euro Markets: EUAs post third modest gain in a row as energy prices plunge on ceasefire news
European carbon allowances rallied on Tuesday along with equities, posting a third modest daily gain while gas and crude oil markets plunged after a ceasefire between Iran and Israel reduced risks to energy supply and shipping, as EUAs rose within reach of a key upside price target and options traders eyed Wednesday’s expiry of the June contract.
Read MoreEU urged to include international flights in ETS, despite US pressure
The EU must resist expected US opposition and regulate emissions from international flights under its Emissions Trading Scheme (ETS), environmental groups said in a letter to European Commission President Ursula von der Leyen on Tuesday.
Read MoreCalls mount for waste inclusion in EU ETS as groups send letter to Commission
More than 20 organisations have written to the European Commission calling for the waste incineration sector to be included in the EU Emissions Trading Scheme (EU ETS).
Read MoreCOMMENT: Striking the Right Balance – How the EU Could Integrate Permanent Carbon Removals into the EU ETS
Integrating permanent carbon removals into the EU Emissions Trading System (EU ETS) poses both benefits and risks and will require policymakers to introduce safeguards and well-targeted complementary policies.
Read MoreEU use of Article 6 credits acceptable under conditions, experts say
With the inclusion of international carbon credits in the European Union’s 2040 climate target becoming more likely, experts underlined the need for stringent quality controls and a cautious approach to avoid past mistakes.
Read MoreCOMMENT: The Cost of Getting CBAM Wrong for Aluminium – and How to Get it Right
The competitiveness of Europe’s low-carbon aluminium industry is under serious threat from CBAM. Here’s how European policymakers can fix it.
Read MoreLCAW25: BRIEFING – “We need a bigger stick” to scale up carbon removals market
Financial risk management tools like insurance, policies based on behavioural economics, and clearer long-term demand signals are needed to drive investments and scale carbon removals (CDR), experts told a panel on Monday in London.
Read MoreEuro Markets: EUAs advance modestly even as gas gives up early jump on geopolitical turmoil
European carbon prices unexpectedly ended the day slightly firmer on Monday as commodity markets reacted calmly to the US airstrikes in Iran over the weekend, with expectations of steep falls in equities and EUAs – and sharp jumps in energy – confounded by a growing sense that Iran was unlikely to retaliate in a way to trigger significant volatility in global markets.
Read MoreMajor EU emitter to spend €55 bln to replace coal with clean, flexible energy
One of the biggest emitters in the EU Emissions Trading System intends to spend about €55 billion over the next decade to roll out flexible gas power plants, renewables, energy storage systems, and modern heating in Poland – while phasing out a heavy production of coal-fired electricity, the company announced on Monday.
Read MoreUK plans to reduce industrial power prices through higher carbon pricing, ETS linkage
The UK government announced plans in its Industrial Strategy on Monday to significantly curb electricity prices for key sectors, paying for it in part by strengthening UK carbon pricing, including by a possible link-up between its domestic market and the EU’s emissions trading system.
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