Top

Euro Markets: EU carbon posts 7.5% weekly gain after brief foray above €80

Published 17:48 on December 3, 2021  /  Last updated at 19:40 on December 3, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

EUAs broke through the €80 barrier for the first time on Friday but failed to hold on to the new level as some profit taking emerged, while energy prices were mixed for a second day.

Read More
Top

Euro Markets: EUA rally stops short of €80 as options hedging picks up pace

Published 18:10 on December 2, 2021  /  Last updated at 20:36 on December 2, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

EU allowances set their 12th record in the last 15 days on Thursday as speculative buyers dominated the market, while a fund manager predicted prices would reach €100 before the end of the year.

Read More
Top

UK utility Drax aims for 12 Mt a year of carbon removals by 2030

Published 21:38 on December 1, 2021  /  Last updated at 21:46 on December 1, 2021  /  EMEA, UK ETS  /  No Comments

British utility Drax is aiming to generate some 12 Mt of carbon removals a year by 2030, with 8 Mt within the UK and 4 Mt abroad, it said as part of its capital markets day on Wednesday.

Read More
Top

Euro Markets: EUAs slip back from record high amid renewed calls for intervention

Published 17:50 on December 1, 2021  /  Last updated at 20:01 on December 1, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

EUAs gave up some gains on Wednesday after shooting to a new record for the tenth time in 13 days, a move largely attributed to speculators amid another high-level call for intervention. 

Read More
Top

UK industrial innovation funding shows modest signs of driving abatement

Published 20:36 on November 30, 2021  /  Last updated at 22:18 on November 30, 2021  /  EMEA, UK ETS  /  No Comments

A UK government fund to award clean industry innovation could have a modest impact in driving down emissions in ETS-covered sectors if all companies adopted the technologies, programme data results released on Tuesday suggested.

Read More
Top

UK ETS regulator to announce intervention decision within 2 weeks after cost containment triggered

Published 18:41 on November 30, 2021  /  Last updated at 19:11 on November 30, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

The UK ETS Authority will announce by Dec. 14 how it will respond to a three-month rise in UK Allowance prices that has taken the market above the threshold for possible intervention, the regulator said late Tuesday.

Read More
Top

Euro Markets: EUAs climb to record settlement price as UKAs leap on fund buying

Published 17:40 on November 30, 2021  /  Last updated at 22:33 on November 30, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

EUAs set a new record settlement on Tuesday amid supportive fundamentals even as gas prices dropped after Russia vowed to increase flows into Europe, while UK Allowance futures jumped as the leading exchange-traded fund was said to have begun accumulating a position in the contract.

Read More
Top

ICE to launch index-based carbon futures as UK permits make their debut

Published 13:00 on November 30, 2021  /  Last updated at 13:04 on November 30, 2021  /  Canada, EMEA, EU ETS, UK ETS, US  /  No Comments

ICE is set to revamp its carbon price index to include UK emissions allowances, and will offer a new futures contract to track it.

Read More
Top

Position adjustments ahead for top carbon ETF after tracked index rebalances

Published 01:38 on November 30, 2021  /  Last updated at 10:42 on November 30, 2021  /  Americas, Bavardage, Canada, Conversations, EMEA, EU ETS, International, UK ETS, US  /  No Comments

The world’s largest carbon allowance ETF is expected to adjust its holdings – currently valued at almost $1.4 billion – in the coming days after the index it tracks announced a major rebalancing with new market weightings.

Read More
Top

Euro Markets: EUAs stabilise after early rally as coal power profitability grows

Published 17:45 on November 29, 2021  /  Last updated at 21:06 on November 29, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

EUAs rallied sharply at the start of trading on Monday, setting a new record high before stabilising, as price moves in energy markets increased the profitability of coal-fired power at the expense of gas.

Read More