EU’s power emissions hit historic low last year, industrial electricity demand barely rises -data
Emissions from European electricity generation hit a historic low in 2024 due to a higher proportion of renewables, while electricity demand did not pick up, the bloc’s industry association reported on Thursday.
Read MoreEuro Markets: EUAs ease lower on thin volume as market settles in for holiday period
European carbon prices traded lower in the final, holiday-shortened session ahead of the break, stretching the correlation with natural gas with some other markets already closed.
Read MoreNew Danish carbon tax legislation to enter into force from 2025
Denmark is introducing a new tax on CO2 emitted by enterprises already covered in the EU Emissions Trading System (ETS), with an Emission Tax Act set to enter into force on Jan. 1, 2025.
Read MoreEuro Markets: EUAs build on recent strength amid bullish gas, auction pause
European carbon prices gathered strength on Monday on low volume, rising over 2.5% as they tracked strength in TTF natural gas, with the few active buyers encountering little resistance amid the quiet market.
Read MoreOslo court quashes NOK 400 mln EU ETS fine against Norwegian Air
An Oslo court has ruled that Norwegian Air Shuttle ASA was not obligated to fulfil its obligations under the EU ETS for 2020 during its reconstruction process, and that a NOK 400 million (€33.8 mln) penalty imposed on the carrier by the country’s Environment Agency was unlawful.
Read MoreEuro Markets: EUAs end marginally higher despite healthy TTF gain, as activity starts to wind down
Volatility and trading volume in European carbon allowances diminished on Friday, while prices were marginally higher at the close despite a healthy gain in TTF gas, leaving EUAs with a 5.9% weekly gain as market participants started to clear their desks ahead of the holiday break.
Read MoreFinnish carbon project developer expands into green steel with biochar solution
A Helsinki-headquartered project developer has unveiled plans to decarbonise heavy industry by introducing biochar as a biogenic alternative to fossil-based products in steelmaking.
Read MoreEuro Markets: EUAs rise most in 10 weeks as gas prices surge, spec buying returns
European carbon jumped by the most in 10 weeks after breaking through key technical resistances, as speculative buyers returned and natural gas prices appeared to reassert their influence over the EU ETS amid speculation over whether and how the bloc will source additional supplies next year.
Read MoreFEATURE: Social acceptance of the Green Deal at a minimum endangers EU ETS2
The second chapter of the EU’s Emissions Trading System risks being delayed and watered down if governments leverage certain clauses aimed at protecting vulnerable people, as political clashes within the bloc continue to undermine the reputation and very existence of the European Green Deal.
Read MoreEU ETS-financed Modernisation Fund doles out €2.7 bln to eight countries
The EU disbursed €2.7 billion from the EU ETS-financed Modernisation Fund for decarbonisation measures in eight member states, the European Commission announced, at the same time it approved billions of euros of state aid for clean energy projects.
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