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UPDATE – ICE resumes EU carbon trade, cancels deals after Endex migration hit by “technical issues”

Published 08:22 on June 7, 2021  /  Last updated at 10:43 on June 7, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

Exchange operator ICE resumed its EU carbon trading Monday morning after “technical issues” linked to the migration of the contracts to its Endex platform from its London-based hub forced it to temporarily suspend the market and cancel any deals done up to that point.

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Euro Markets: EUAs drop below €50 for 2.1% weekly loss

Published 18:30 on June 4, 2021  /  Last updated at 19:13 on June 4, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

EUAs slipped below €50 on Friday as the previous session’s technical breakout continued to encourage selling, though much of the market remains bullish, with many eyeing a rapid recovery.

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Euro Markets: EUAs slip towards €50 after technical breakout

Published 19:41 on June 3, 2021  /  Last updated at 19:41 on June 3, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

EUAs fell towards €50 on Thursday, with prices breaking out of a technical range and continuing their retreat from last month’s record levels.

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Euro Markets: EUAs, UKAs slip as British auction weighs

Published 20:01 on June 2, 2021  /  Last updated at 18:09 on June 9, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

EUAs lost nearly 2% on Wednesday as the market again struggled to absorb the day’s two auctions, though they avoided the sharp sell-off triggered by the UK’s inaugural sale two weeks earlier, while trading data on UKA holdings was published for the first time ever.

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Euro Markets: EUAs lift above €52 as energy prices rise, free allocations seen far off

Published 19:54 on June 1, 2021  /  Last updated at 23:31 on June 1, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

EUA prices lifted above €52 in thin trade on Tuesday amid higher prices in energy and equity markets and as traders said Brussels appears to have made limited progress in handing out this year’s free allocations.

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Brussels applies EU ETS free allocation factor for industries through 2025

Published 22:47 on May 31, 2021  /  Last updated at 15:33 on June 1, 2021  /  Carbon Taxes, CBAM, EMEA, EU ETS, UK ETS  /  No Comments

The European Commission has applied a cross-sectoral correction factor (CSCF) for industry’s free carbon market allocations through 2025, a move that paves the way for 2021 EUA handouts later this summer.

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COMMENT: Growing Pains in the UK ETS

Published 12:22 on May 31, 2021  /  Last updated at 12:22 on May 31, 2021  /  Conversations, EMEA, EU ETS, UK ETS, Views  /  No Comments

The UK ETS has been up and running for more than a week now, and while it might be stretching things to say that we can already see a few trends, there are nonetheless a few interesting developments worth noting.

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Euro Markets: EUAs slump to week-low near €50, UK units slip to narrow premium

Published 20:31 on May 28, 2021  /  Last updated at 20:31 on May 28, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

EUAs slumped to a one-week low just above €50 on Friday to notch a 1.4% weekly loss, while UKAs also sank as it emerged Britain was considering boosting this year’s auction supply.

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Analysts raise EUA price forecasts for 2021-22 as €50 seen as “new norm”

Published 18:24 on May 28, 2021  /  Last updated at 12:49 on June 1, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

EU carbon will average €50 for the remainder of this year, analysts predict, with a number of bullish factors leading them to raise their forecasts for both 2021 and 2022.

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UK govt mulling increase to 2021 ETS auction supply

Published 15:56 on May 28, 2021  /  Last updated at 16:15 on May 28, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

The UK government may significantly increase the amount of carbon allowances to be sold under the country’s new emissions trading scheme this year, Carbon Pulse has learned.

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