Cap-and-trade preferred, but “dereliction of duty” for UK to not consider options outside ‘insufficient’ EU ETS -minister
While the UK prefers cap-and-trade as a carbon pricing tool, it would be a “dereliction of duty” for the UK to not look at other, more ambitious opportunities outside the EU ETS when it leaves the bloc, the country’s climate minister said Wednesday.
Read MoreSwiss carbon prices continue to climb in latest auction
Swiss carbon allowances climbed to a two-year high in the country’s latest auction, continuing to reverse the downtrend that had gripped the market for much of its first decade.
Read MoreREPORT: Emissions Trading Worldwide – ICAP Status Report 2018
The International Carbon Action Partnership’s new report finds 2017 marks a key step forward for emissions trading. The adoption of ETSs in emerging economies, structural reforms and new cooperation initiatives have boosted confidence in carbon markets and help establish emissions trading as an important tool in reaching the goals of the Paris Agreement.
Read MoreDavos Digest: Macron gets minimal, but it’s Merkel that’s facing heat
French President Emmanuel Macron this week announced at the World Economic Forum in Switzerland that he will accelerate his country’s coal phaseout a year earlier than previously planned, while reiterating his call for an EU-wide minimum carbon price.
Read MoreEU-Swiss ETS link expected in 2020 as parties sign deal but await rule adjustments
The EU and Switzerland signed a formal agreement on Wednesday to connect their carbon markets, keeping the process on track to link the two schemes in 2020.
Read MoreSwiss CO2 allowances rebound in latest auction, halting 3-year price drop
Swiss carbon allowances rebounded slightly in the country’s latest auction, reversing a declining price trend that had been in place since the bi-annual sales started in 2014.
Read MoreCOP23: International emissions trade talks lag as nations inch towards first Paris-era deals
Negotiations on global carbon trade under the Paris Agreement are lagging other strands of the UN climate talks in Bonn, with the slow pace prompting some countries to line up deals ahead of finalised rules.
Read MoreEU Parliament votes to put CORSIA aviation offset scheme under closer watch
The European Parliament on Wednesday voted to extend the suspension of extra-European flights from the EU ETS, but called for a review of the UN’s CORSIA scheme that could see those routes become regulated under the bloc’s carbon market again in the future.
Read MoreTwo carbon traders on gardening leave after parting ways with employers
Two carbon traders have started gardening leave after parting ways with their respective companies, Carbon Pulse has learned.
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