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EU considers financing contract-for-difference with carbon market revenues

Published 15:41 on May 11, 2021  /  Last updated at 15:41 on May 11, 2021  /  EMEA, EU ETS  /  No Comments

The European Commission is considering whether to propose financing an EU-wide carbon contracts for difference (CCfD) scheme through the ETS Innovation Fund, a senior EU official said Tuesday.

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UK to hand out 39.1 mln free carbon permits to industry during first year of ETS

Published 12:51 on May 11, 2021  /  Last updated at 00:39 on May 12, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

The UK will hand out 39.1 mln free carbon allowances in 2021 – the first year of the country’s new emissions trading scheme – the government announced Tuesday, confirming that it was slashing the allocations by a third versus what it has originally earmarked.

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UK appeals court orders retrial in £60 mln EU carbon market tax fraud case

Published 23:39 on May 10, 2021  /  Last updated at 10:27 on May 11, 2021  /  Bavardage, EMEA, EU ETS  /  No Comments

A UK court of appeal has ordered a retrial in a £60 million tax fraud case linked to the EU carbon market after it questioned the ruling judge’s findings following an “inexcusable” delay between the trial and the verdict.

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Higher EU carbon prices spur abatement efforts, competitiveness fears -survey

Published 20:37 on May 10, 2021  /  Last updated at 09:00 on May 11, 2021  /  Americas, Asia Pacific, Aviation/CORSIA, China, China's National ETS, EMEA, EU ETS, International, REDD, UK ETS, Voluntary Market  /  No Comments

The EU carbon market is an ever more important driver of emissions cuts, but soaring allowance prices are also increasing participants’ anxiety over competitiveness, according to a survey published Monday.

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UK govt slashes free carbon permit allocation to heavy industry ahead of ETS launch

Published 20:11 on May 10, 2021  /  Last updated at 11:00 on May 18, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

The UK government appears to have slashed by over 30% the number of allowances it will freely allocate to industry this year under its new emissions trading scheme.

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EU Market: EUAs climb above €52 as investor inflows help boost sentiment

Published 18:46 on May 10, 2021  /  Last updated at 00:54 on May 11, 2021  /  EMEA, EU ETS  /  No Comments

EUAs rose to a new record above €52 on Monday, amid signs of further investor buying and seemingly low prospects for market intervention.

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Netherlands supports large-scale CCS project with contract-for-difference scheme

Published 18:44 on May 10, 2021  /  Last updated at 18:44 on May 10, 2021  /  EMEA, EU ETS  /  No Comments

The Netherlands has awarded €2 bln to an offshore CCS project that public institutions say is “absolutely necessary” to reach the country’s climate goals, with the money to be channelled through a carbon contracts for difference (CCfDs) scheme.

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EU Climate Law clears another hurdle in MEP committee vote to final ratification

Published 18:39 on May 10, 2021  /  Last updated at 18:39 on May 10, 2021  /  EMEA, EU ETS  /  No Comments

Lawmakers in the European Parliament’s environment committee (ENVI) on Monday adopted the final version of European Climate Law to set the EU’s net zero objective into national legislation, the second-to-last hurdle to its final ratification.

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COMMENT: The next ETS arriving at Platform 4…

Published 11:34 on May 10, 2021  /  Last updated at 11:34 on May 10, 2021  /  Conversations, EMEA, EU ETS, UK ETS, Views  /  No Comments

Now that EU ETS compliance is over with for another year, the market can metaphorically wash its hands and move on to the next course of this never-ending feast of carbon: the start of the UK ETS. The world’s newest carbon market is set to kick off, with both the inaugural free allocation and first auctions imminent. But where will UKAs price?

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EU Market: EUAs jump to new high above €51 as EC climate chief allays intervention fears, flags need for higher prices

Published 18:01 on May 7, 2021  /  Last updated at 23:43 on May 7, 2021  /  EMEA, EU ETS  /  No Comments

EU carbon hit a record above €51 on Friday amid signs of continued investor inflows and as Europe’s climate chief played down prospects of market intervention over soaring EUAs, while calling for even higher prices.

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