UK looks to further integrate ESG in financial reporting with endorsement of sustainability, climate disclosure standards

Published 00:33 on December 24, 2024  /  Last updated at 00:33 on December 24, 2024  /  EMEA, UK ETS, Voluntary

The UK Financial Reporting Council (FRC) has recommended adopting the International Sustainability Standards Board (ISSB) reporting standards, IFRS S1 and IFRS S2, to align UK businesses with global sustainability practices.

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Euro Markets: EUAs build on recent strength amid bullish gas, auction pause

Published 12:03 on December 23, 2024  /  Last updated at 17:47 on December 23, 2024  / and /  EMEA, EU ETS, UK ETS

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.

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One-third of local authorities unaware of impact of UK ETS expansion on waste sector, finds survey

Published 13:19 on December 20, 2024  /  Last updated at 13:19 on December 20, 2024  / /  EMEA, UK ETS

Around one-third of local authorities are unaware of how the upcoming expansion of the UK carbon market will impact incineration and energy recovery of waste, a survey has found.

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Euro Markets: EUAs end marginally higher despite healthy TTF gain, as activity starts to wind down

Published 12:47 on December 20, 2024  /  Last updated at 21:26 on December 20, 2024  / /  EMEA, EU ETS, UK ETS

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.

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UK govt updates free carbon permit allocation list for 2025 with minimal drop from current year’s total

Published 18:07 on December 19, 2024  /  Last updated at 18:07 on December 19, 2024  / /  EMEA, UK ETS

The UK government has published an updated list of free carbon permit handouts by installation for the period 2021-25, which will see levels in 2025 fall by less than 100,000 tonnes compared with 2024, though annual volumes in each year are lower than the previous totals published over the summer.

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Euro Markets: EUAs rise most in 10 weeks as gas prices surge, spec buying returns

Published 17:18 on December 19, 2024  /  Last updated at 17:36 on December 19, 2024  / /  EMEA, EU ETS, UK ETS

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.

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UK to review energy regulator following string of supply failures

Published 12:15 on December 19, 2024  /  Last updated at 12:15 on December 19, 2024  / /  EMEA, UK ETS

The UK government has launched a review of energy regulator Ofgem, seeking to bolster consumer protection and speed up infrastructure approval, it formally announced Thursday.

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Euro Markets: EUAs edge higher in narrow range as link to natural gas market stretches

Published 17:13 on December 18, 2024  /  Last updated at 17:24 on December 18, 2024  / /  EMEA, EU ETS, UK ETS

European carbon allowances advanced modestly on Wednesday, loosening their correlation with natural gas prices for a second day as the market accustomed itself to the new front-December contract, while weekly positioning data from the futures exchanges showed speculative traders trimming their bullish bets.

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ETF holdings slump in 2024 as investors flee EUAs for better-performing assets

Published 14:48 on December 18, 2024  /  Last updated at 14:48 on December 18, 2024  / /  Americas, EMEA, EU ETS, UK ETS, US

Exchange-traded fund holdings of EUA futures have fallen to their lowest in more than three years as an 18-month long slump in prices has driven investors away in search of better returns in other markets, despite forecasts pointing towards a strong rally in carbon starting in 2026.

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UK govt projects bigger emissions reductions by 2050, policies ramp up

Published 19:42 on December 17, 2024  /  Last updated at 19:42 on December 17, 2024  / /  EMEA, UK ETS

The UK is on track to meet its two domestic emissions reduction targets covering 2023-32, with energy demand and greenhouse gases set to fall by nearly a quarter out to 2050, according to government data published Tuesday evening.

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