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Euro Markets: EUAs lift to 2-wk high above €55 as energy price rally continues

Published 18:45 on August 2, 2021  /  Last updated at 19:15 on August 2, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

EUAs kicked off August on a strong note on Monday morning, climbing to their highest in more than two weeks as the energy complex continued to gain ground.

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UK sets Cost Containment Mechanism trigger at highest level yet

Published 17:57 on August 2, 2021  /  Last updated at 04:41 on August 3, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

The UK government has set the November trigger price for the UK ETS Cost Containment Mechanism at its highest level to date, raising the likelihood that no additional allowances would come into the market before the end of the year.

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Euro Markets: EUAs slide 5.4% in July amid energy rally and investor outflows

Published 18:30 on July 30, 2021  /  Last updated at 18:51 on July 30, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

EUAs ended the month of July down 5.4% as prices settled back amid investor withdrawals. A month-long rally in energy markets couldn’t reverse carbon’s decline, with front-month TTF gas setting new record highs earlier in the week

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Threat of imminent UK ETS market intervention averted after permit prices drop

Published 16:24 on July 30, 2021  /  Last updated at 16:24 on July 30, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

The UK’s carbon market Cost Containment Mechanism’s triggers for the next three months were invalidated on Friday, with July’s drop in UKA prices averting any potential near-term supply-side intervention.

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Private equity firm Bridgepoint acquires stake in carbon traders ACT

Published 13:51 on July 30, 2021  /  Last updated at 13:51 on July 30, 2021  /  Americas, Asia Pacific, Aviation/CORSIA, Canada, China, China's National ETS, China's Offset Market, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, REDD, RINs & LCFS, UK ETS, US, Voluntary Market  /  No Comments

Private equity investor Bridgepoint has bought a minority stake in Amsterdam-based environmental and energy commodities trading company ACT, which said the move will help expansion plans including more than doubling its headcount within five years.

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UK’s Drax reports 56% drop in ETS-based output as coal stockpile clears

Published 20:08 on July 29, 2021  /  Last updated at 20:08 on July 29, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

UK utility Drax notched a 56% year-on-year cut in its ETS-covered generation for H1, after the company had largely drawn down its coal stockpiles.

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Italy’s Enel joins EU utilities reporting a rebound in H1 thermal power output

Published 19:19 on July 29, 2021  /  Last updated at 19:19 on July 29, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

Italian utility Enel followed other major European generators in posting an uptick in EU ETS-covered thermal generation for H1 on Thursday, in line with an EU-wide rebound following last year’s pandemic restrictions.

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Euro Markets: Carbon edges higher as soaring gas outweighs reports of industrial sales

Published 18:30 on July 29, 2021  /  Last updated at 19:46 on July 29, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

EUAs ended the day slightly higher, drawn up by sharply higher natural gas and power prices. Participants reported healthy buying interest as prices dipped amid rumours of some industrial installations selling freely allocated EUAs.

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Brussels publishes 5-year national EUA allocation tables after months of delay

Published 20:38 on July 28, 2021  /  Last updated at 20:38 on July 28, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

The EU on Wednesday released its national allocation tables determining free carbon allowance allocations for 2021-25 after several months of delays, revealing quotas of permits to be given to emitters in most of the countries participating in the EU ETS.

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UK government consults on technical fixes to ETS legislation

Published 19:09 on July 28, 2021  /  Last updated at 01:23 on July 29, 2021  /  EMEA, UK ETS  /  No Comments

The UK government has opened a consultation into proposed amendments to its emissions trading legislation in order to correct “outstanding technical issues identified during the development and legislation of the scheme”.

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