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ANALYSIS: UK likely to boost auction ETS volumes in 2022 as prices trigger CCM, but timeline, supply source unclear

Published 17:50 on November 26, 2021  /  Last updated at 00:56 on November 27, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

The UK ETS will face its first regulatory test at the start of December as the market’s Cost Containment Mechanism (CCM) will be triggered this month, though sources are fairly divided as to if and how the government will ultimately intervene.

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Euro Markets: EUAs claw back half their early losses to post 4.9% weekly gain amid macro gloom

Published 17:40 on November 26, 2021  /  Last updated at 20:19 on November 26, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

EUAs plunged 5.5% in a hectic opening hour of trading on Friday as markets were shaken by reports of a new Covid-19 variant emerging in South Africa. Carbon eventually clawed back half of those losses. 

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Euro Markets: EUAs set record price for eighth day in nine amid options hedging flurry

Published 17:45 on November 25, 2021  /  Last updated at 18:26 on November 25, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

EUAs reached their eighth record in nine days on Thursday as the market broke above €75.00 for the first time, amid continued speculative buying and options traders hedging open call positions.

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Euro Markets: EUAs leap more than 5% after new German govt eyes €60 price floor

Published 19:30 on November 24, 2021  /  Last updated at 00:03 on November 25, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

EUA prices leaped by more than 5% to a new record on Wednesday after Germany’s incoming coalition government agreed a deal to take action to ensure the carbon price applied to its emitters under the EU ETS will not fall below €60 in the long term.

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Euro Markets: EUAs have biggest daily drop since Nov. 1 as energy markets post gains

Published 18:10 on November 23, 2021  /  Last updated at 19:05 on November 23, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

EUAs consolidated around the previous day’s settlement price on Tuesday morning as energy markets posted strong gains amid news of additional US sanctions against the Nord Stream 2 pipeline.

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Euro Markets: EUAs rise to new high above €70 despite second day of gas declines

Published 18:20 on November 22, 2021  /  Last updated at 18:41 on November 22, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

EUAs rose to a new record for an unprecedented sixth consecutive day on Monday, ignoring weaker gas and power markets that reacted to growing concern over rising Covid-19 infection numbers and growing social unrest over renewed public restrictions in a number of countries.

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Euro Markets: Late rally despite weaker energy sets EUAs up to test €70 mark next week

Published 18:00 on November 19, 2021  /  Last updated at 22:39 on November 19, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

EUAs posted their fifth successive intraday record on Friday and look poised to test €70 on Monday after a late rally, even as energy prices slipped back amid growing concerns about the economy as more EU countries reimposed social restrictions to tackle a surge in new cases of COVID-19.

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Euro Markets: EUAs set another record despite mixed energy markets

Published 18:05 on November 18, 2021  /  Last updated at 18:12 on November 18, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

European carbon prices set their fourth consecutive record on Thursday as sustained buying in the afternoon drove the market above €69 for the first time despite lacklustre energy markets.

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Euro Markets: EUAs slump after setting third record in a row as gas wipes out early gains

Published 18:50 on November 17, 2021  /  Last updated at 19:59 on November 17, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

EUAs fell away late on Wednesday after setting a record high for the third consecutive day, as energy prices first extended gains amid continuing uncertainty over gas flows, and then slumped after Germany’s grid operator said winter supplies would be sufficient.

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Burial at sea: Europe’s industry queues up for North Sea CO2 storage

Published 18:26 on November 16, 2021  /  Last updated at 22:23 on November 16, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

Europe’s industries are clamouring to use North Sea CO2 storage facilities, with more than half of carbon-cutting projects awarded public funding on Tuesday seeking to bury their emissions there.

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