EU considers financing contract-for-difference with carbon market revenues
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.
Read MoreUK to hand out 39.1 mln free carbon permits to industry during first year of ETS
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.
Read MoreUK appeals court orders retrial in £60 mln EU carbon market tax fraud case
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.
Read MoreHigher EU carbon prices spur abatement efforts, competitiveness fears -survey
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.
Read MoreUK govt slashes free carbon permit allocation to heavy industry ahead of ETS launch
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.
Read MoreEU Market: EUAs climb above €52 as investor inflows help boost sentiment
EUAs rose to a new record above €52 on Monday, amid signs of further investor buying and seemingly low prospects for market intervention.
Read MoreNetherlands supports large-scale CCS project with contract-for-difference scheme
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.
Read MoreEU Climate Law clears another hurdle in MEP committee vote to final ratification
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.
Read MoreCOMMENT: The next ETS arriving at Platform 4…
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?
Read MoreEU Market: EUAs jump to new high above €51 as EC climate chief allays intervention fears, flags need for higher prices
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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