Euro Markets: EUAs drop to week’s low and trade in narrow range for second day as gas weakens
European carbon prices traded in a narrow range for a second day on Thursday, as the benchmark fell back to its lowest levels of the week so far amid fading buying interest, while declining TTF natural gas also weighed on the EUA market.
Read MoreUK opens public consultation on carbon border tariff design
The UK has opened a public consultation Thursday on proposals for the design and administration of its Carbon Border Adjustment Mechanism (CBAM), including on how carbon pricing will be integrated within the new mechanism.
Read MoreEU power association calls for anticipatory investments in grids
More investment is needed to ready Europe’s power infrastructure for net zero emissions by 2050, the power sector association said in a position paper on Thursday.
Read MoreAsian steelmakers seek to weaken EU’s CBAM, lobbying study finds
Japanese and Korean steel industries appear to be actively lobbying the EU and other institutions to weaken the carbon border adjustment mechanism’s ambition, according to analysis by a think-tank.
Read MoreEuro Markets: “Rangebound” EUA market eases lower after COT data shows funds trim shorts again
European carbon prices were little changed for a second day on Wednesday, ending the day down by 0.4% after moving in their narrowest range in more than a month amid a marked decrease in trading activity, as the weekly Commitment of Traders data showed a third successive decrease in investment funds’ net short position.
Read MoreTransport to make ‘almost half’ of Europe’s emissions in 2030 -report
Transport alone is set to make up nearly half of Europe’s total greenhouse gas (GHG) emissions in 2030, according to fresh data published on Wednesday.
Read MoreFEATURE: Oslo incinerator plans to raise up to €50 mln from voluntary market to fund carbon capture facility
A waste-to-energy plant in the Norwegian capital is planning to sell an initial 50,000 removal credits on the voluntary carbon market by the summer in a bid to raise capital for the construction of a carbon capture and storage (CCS) facility.
Read MoreEuropean Commission to publish EU ETS verified emissions data for 2023 on Apr. 3
The European Commission will publish preliminary 2023 verified emissions figures for the EU ETS on Apr. 3, it announced late Tuesday.
Read MoreEU lawmakers divided over new agri policy proposals
Members of the European Parliament appeared divided as they discussed a set of potential new rules for the agri sector in a double meeting with the Commission on Tuesday.
Read MoreEU must be open to CBAM changes, says senior lawmaker
The chair of the European Parliament’s international trade committee has called on the EU to be “flexible” with the Carbon Border Adjustment Mechanism (CBAM), saying legislators should be ready to amend the regulation if needed at the end of the transitional period.
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