UK proceeds with technical ETS changes aimed at transparency, simplification

Published 20:46 on January 30, 2025  /  Last updated at 20:46 on January 30, 2025  / /  EMEA, EU ETS, UK ETS

The UK ETS Authority intends to move forward with proposed technical and operational changes to the market, aimed at creating more transparency, maintaining parallels with the EU ETS, and simplifying compliance, it announced on Thursday evening.

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Euro Markets: EUAs retreat after setting 15-month high, as analysts highlight retracement potential

Published 17:10 on January 30, 2025  /  Last updated at 17:18 on January 30, 2025  / /  EMEA, EU ETS, UK ETS

European carbon allowance prices reached a new 15-month high on Thursday morning, before giving back the gains as EUAs cut loose from their recent correlation with TTF natural gas and German power in the afternoon amid a pick-up in selling activity, with analysts pointing to growing potential for a price retracement.

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UK has high potential for energy-from-waste with carbon capture removals, finds paper

Published 15:58 on January 30, 2025  /  Last updated at 15:58 on January 30, 2025  / /  EMEA, UK ETS, Voluntary

Energy-from-waste (EfW), when combined with carbon capture and storage (CCS), could generate high quality removal credits in the UK, a new paper has found.

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UPDATE – UK could use ITMOs as last resort to hit ambitious climate target in 2035

Published 14:08 on January 30, 2025  /  Last updated at 17:32 on January 30, 2025  / /  Climate Talks, EMEA, International, Paris Article 6, UK ETS

The UK could use international carbon credits to meet its climate targets under the Paris Agreement, although only as a last resort if domestic mitigation policies struggle, the government announced Thursday.

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POLL: Analysts retain bearish near-term outlook for UK Allowances on policy uncertainty, oversupply

Published 04:01 on January 30, 2025  /  Last updated at 10:34 on January 30, 2025  / and /  EMEA, EU ETS, UK ETS

Analysts have kept their bearish UK Allowance outlook for the year ahead due to the policy uncertainty and oversupply that continue to hang over the market, revising down forecasts for benchmark futures prices by around 5% compared to previous polling.

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Euro Markets: EUAs maintain upward momentum to new 15-month high as investors build more length

Published 18:08 on January 29, 2025  /  Last updated at 18:18 on January 29, 2025  / /  EMEA, EU ETS, UK ETS

European carbon allowance prices rose to new 15-month highs on Wednesday, boosted by stronger power and gas prices and continued speculator buying, supported by a weekly Commitment of Traders report that showed investment funds had again increased their long position to the most in more than three years.

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EU CBAM could cost Northern Ireland up to £200 mln per year -report

Published 17:24 on January 29, 2025  /  Last updated at 17:24 on January 29, 2025  / /  Carbon Taxes, CBAM, EMEA, EU ETS, UK ETS

The EU’s Carbon Border Adjustment Mechanism (CBAM) may be costly and disruptive for Northern Ireland, requiring payments of up to £200 million a year — unless the bloc and UK decide to link their emissions trading schemes, a new report warned on Wednesday.

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UK clears Heathrow expansion for take-off, promises plans will stick to carbon budgets

Published 14:16 on January 29, 2025  /  Last updated at 14:22 on January 29, 2025  / /  Aviation/CORSIA, EMEA, International, UK ETS

The UK government threw its weight behind the controversial expansion of Heathrow Airport on Wednesday, going against recommendations from its independent advisor on how to stick to the country’s legally binding carbon budgets, with any emissions impact to fall within the scope of the country’s carbon market and operators’ CORSIA obligations.

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Euro Markets: Bulls drive late spike in EUA prices to erase early losses, defend positions ahead of auction pause

Published 17:15 on January 28, 2025  /  Last updated at 17:23 on January 28, 2025  / /  EMEA, EU ETS, UK ETS

European carbon prices jumped late in the session on Tuesday as bullish traders drove prices higher ahead of the settlement window to defend the recent rally in the face of growing bearish sentiment, while UKAs gained by the most in the market’s history after the Financial Times reported that the British government has asked for relinking to the EU ETS to be added to the agenda of an upcoming summit in Brussels.

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UPDATE – BRIEFING: Experts warn of double, triple counting in California CDR

Published 09:24 on January 28, 2025  /  Last updated at 21:41 on January 29, 2025  / /  Americas, EMEA, International, UK ETS, US, Voluntary

California’s accounting practices for emissions reductions and carbon removal claims have come under fire from experts, who point to loopholes opening the door to double and even triple counting.

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