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Financial regulators, carbon pricing key to achieving net zero emissions -panel

Published 21:21 on April 15, 2021  /  Last updated at 21:53 on April 15, 2021  /  Americas, Asia Pacific, Canada, EMEA, International, UK ETS, US  /  No Comments

US financial regulators universally agree on the need for carbon pricing and a clear mandate to address climate change as a systemic financial risk, though data availability remains a challenge, participants said at a virtual panel on Thursday.

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Business groups urge UK, EU to link their carbon markets

Published 10:36 on April 15, 2021  /  Last updated at 18:11 on April 15, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

Over 40 UK and EU industry bodies are urging their respective governments to link the new British carbon market to its EU counterpart, seeking more efficient emissions cuts and lower carbon leakage risks in post-Brexit Europe.

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More shipbrokers charting their own course to trade carbon

Published 22:27 on April 13, 2021  /  Last updated at 03:32 on April 14, 2021  /  Asia Pacific, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, Shipping, Switzerland, UK ETS, Voluntary Market  /  No Comments

Shipbrokers are launching dedicated carbon trading desks or forging ties with market experts ahead of looming regulation and amid rising interest in mitigating the climate impact of their voyages.

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POLL: Big boost for EU carbon price forecasts as several analysts see EUAs topping €100 this decade

Published 23:45 on April 7, 2021  /  Last updated at 08:53 on April 8, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

Analysts have significantly raised their forecasts for EU carbon allowances, with several now predicting prices will average around €100 for an entire year later this decade, as EUAs set all-time highs ahead of the release of major proposals to tighten the ETS and as new investors continue to pile into the market.

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By the numbers: Utilities, airlines lead record drop in EU ETS emissions in 2020

Published 23:21 on April 6, 2021  /  Last updated at 14:27 on April 7, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

Utilities and airlines accounted for more than 80% of the record drop in verified EU ETS emissions in 2020, according to near complete data published by the European Commission on Tuesday.

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Stricken steelmaker Liberty faces €100 mln EU carbon bill -FT

Published 15:00 on April 6, 2021  /  Last updated at 15:00 on April 6, 2021  /  Bavardage, EMEA, EU ETS, UK ETS  /  No Comments

Beleaguered UK-based Liberty Steel faces paying more than €100 million to buy enough EU carbon allowances to cover its 2020 compliance, the FT reported on Tuesday, citing anonymous sources.

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Value of US carbon allowance ETFs tops $100 mln as investor interest heats up

Published 17:46 on April 1, 2021  /  Last updated at 21:21 on April 1, 2021  /  Americas, Aviation/CORSIA, Bavardage, Canada, China, EMEA, EU ETS, International, Kyoto Mechanisms, Switzerland, UK ETS, US  /  No Comments

The combined value of the two US-listed carbon allowance ETFs has topped $100 million while daily trading volumes surge, as investors continue to swarm into the fast-growing asset class.

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Pandemic triggers huge fall in EU ETS emissions last year -analysts

Published 12:39 on April 1, 2021  /  Last updated at 20:59 on April 1, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

Verified emissions in the EU ETS excluding aviation dropped by between 11.2% and 12.6% in 2020, according to incomplete and preliminary like-for-like data examined by analysts, confirming estimates that the coronavirus and related lockdowns may have caused the largest ever fall in greenhouse gas output under the 16-year old scheme.

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UK should not use foreign credits to meet near-term climate goal, say advisors

Published 17:52 on March 26, 2021  /  Last updated at 17:52 on March 26, 2021  /  Climate Talks, EMEA, International, New Market Mechanisms, UK ETS  /  No Comments

The UK should not use foreign carbon credits to help meet its binding 2023-2027 emissions budget, but the country could consider purchases to help spur international action, the government’s climate advisory body said on Friday.

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Pandemic slashes Britain’s GHG emissions by 9% in 2020

Published 17:27 on March 25, 2021  /  Last updated at 23:33 on March 25, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

The UK’s greenhouse gas emissions fell a massive 8.9% in 2019, according to provisional government data released Thursday, with drops in almost every sector due to reduced activity caused by the coronavirus pandemic.

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