Euro Markets: EUAs post 7.6% weekly gain despite abrupt about-turn and daily loss as profit-taking emerges
European carbon allowances posted a weekly gain of 7.6% despite a volatile session on Friday, in which prices reached a 13-day high but unwound all their gains as the short squeeze of the last three sessions gave way to profit-taking after Thursday’s 6.9% jump.
Read MorePOLL: MSR to remove fewest permits to date in 2024-25 amid marginal decrease in EU ETS surplus -analysts
The annual reduction in EU carbon allowances for 2024-25 through the Market Stability Reserve will be the smallest yet, reflecting a slight decrease in the market’s overall supply in 2023, according to a poll of analysts.
Read MoreUK government loses second ruling over inadequate climate plan
The UK government has lost a second case brought by environmental campaigners for not doing enough to meet its targets for cutting greenhouse gas emissions.
Read MoreEuro Markets: EUAs post second-biggest daily increase of the year as buyers return in force
European carbon prices jumped sharply on Thursday to post their second-biggest one-day gain of the year as speculative traders were said to be further reducing their short positions after Wednesday’s Commitment of Traders data showed investment funds had trimmed their overall bearish bets for a third week in a row.
Read MoreEuro Markets: EUAs drop in quiet trade as COT data shows third straight cut in funds’ net short
European carbon allowance prices fell in light trading on Wednesday amid a European bank holiday, while weekly Commitment of Traders data that showed a third successive drop in investment funds’ net short positioning triggered some speculation that prices may have reached a short-term floor.
Read MoreRWE fossil generation slump continues with 20% drop in Q1
RWE’s fossil power generation covered by the EU ETS fell a further 20% year-on-year in the first three months of 2024, according to preliminary data published by the utility, even after its annual output dropped over one-quarter in 2023.
Read MoreUK waste-to-energy operator announces delivery plan for millions of carbon removals
A UK-based waste-to-energy operator has announced plans to deliver 1.2 million tonnes of carbon removals across the UK by 2039, helping the country on its path to net zero by mid-century.
Read MoreEuro Markets: EUAs unwind two days of losses as sellers retreat and natural gas prices jump
European carbon allowance prices rose steadily on Tuesday, wiping out the last two days of losses and surging by more than €1 in the final hour, as the selling activity that dominated Monday’s session was largely absent and gas prices rallied as the new benchmark TTF contract month began.
Read MoreBRIEFING: UK regional airports take first steps to develop hydrogen infrastructure
Regional airports in the UK are taking steps to develop the infrastructure behind hydrogen-powered flight, as they seek to support the decarbonisation pathway best suited to their short-haul customer base, participants heard on a webinar on Tuesday.
Read MoreINTERVIEW: UK waste-to-energy operator builds case as carbon removals business
The UK’s second-largest operator of waste-to-energy facilities is eying opportunities as a removals provider as it looks to roll out carbon capture across its portfolio and it receives an increasing proportion of biogenic waste.
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