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Scottish environmental regulator still cut off from comms, emissions MRV systems after hack

Published 20:59 on February 18, 2021  /  Last updated at 21:01 on February 18, 2021  /  Bavardage, EMEA, EU ETS, UK ETS  /  No Comments

The Scottish Environment Protection Agency (SEPA) remains unable to access Britain’s carbon market MRV system or receive correspondence from big emitters after a major cyberattack targeted the regulator almost two months ago.

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UK raises ETS auction floor by 50%, updates price cap rules

Published 18:13 on February 11, 2021  /  Last updated at 23:15 on February 11, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

The UK government has increased the reserve price in its upcoming carbon allowance auctions by almost 50%, and has updated the rules governing the market’s cost containment mechanism, it announced late Thursday.

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Exchange ICE to relocate EU carbon trading to Netherlands over Brexit limitations

Published 12:00 on February 8, 2021  /  Last updated at 15:34 on February 8, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

Exchange operator ICE will relocate its EU carbon allowance trading from its London-based hub to the Netherlands in Q2 of this year due to Brexit-related limitations, it announced Monday.

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Macquarie carbon and power boss to join Goldman Sachs

Published 18:22 on February 5, 2021  /  Last updated at 20:55 on February 5, 2021  /  Bavardage, EMEA, EU ETS, UK ETS, Voluntary Market  /  No Comments

Investment bank Macquarie’s head of environmental products and continental power in London has been hired by rival Goldman Sachs, Carbon Pulse has learned.

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Absence of EU carbon market link “biggest risk” facing UK energy sector

Published 23:33 on February 4, 2021  /  Last updated at 02:03 on February 5, 2021  /  Carbon Taxes, CBAM, EMEA, EU ETS, UK ETS  /  No Comments

Linking the UK’s new emissions trading scheme to the EU carbon market is the single most important issue facing Britain’s energy industry, sector representatives told lawmakers, warning that it presents the largest threat in terms of raising costs for consumers and preventing utilities from managing risk.

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ANALYSIS: SSE’s hedging pause highlights uncertainty, differing strategies for emitters under new UK ETS

Published 17:29 on February 2, 2021  /  Last updated at 17:29 on February 2, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

UK utility SSE expects to pause its forward hedging of thermal generation until the UK carbon market starts issuing units, it said on Tuesday, in contrast to other British operators continuing to use EU Allowances to hedge their post-Brexit production.

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World’s compliance carbon markets increased 19% in value to $279 bln in 2020 -report

Published 22:29 on January 26, 2021  /  Last updated at 23:32 on January 26, 2021  /  Americas, Asia Pacific, Aviation/CORSIA, Canada, China, China's National ETS, China's Offset Market, China's Pilot Markets, EMEA, EU ETS, International, Mexico, New Zealand, Other APAC, South Korea, Switzerland, UK ETS, US  /  No Comments

Global compliance-based carbon markets increased in value by nearly a fifth in 2020 to €229 billion ($279 bln), according to analysts at Refinitiv, flagging a fourth consecutive annual rise and a fivefold jump within three years as the programmes shrugged off the effects of the COVID-19 pandemic.

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After Brexit ‘divorce’, UK-EU carbon market linkage will take time -academic

Published 19:39 on January 20, 2021  /  Last updated at 21:40 on January 20, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

Linking the UK’s recently established carbon market with the EU ETS will take time, with post-Brexit politics rather than technical or design issues likely to stand in the way, an environmental economics professor has told Carbon Pulse.

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UK government reshuffles climate ministers with an eye on COP26 summit

Published 18:36 on January 8, 2021  /  Last updated at 08:33 on January 11, 2021  /  Climate Talks, EMEA, EU ETS, International, UK ETS  /  No Comments

The UK government shuffled its climate ministers on Friday, with Business Secretary Alok Sharma stepping down from that post to focus full time on his role as president of the upcoming UN climate summit.

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EU carbon prices hit new record of €33.50 after Brexit trade deal clinched

Published 15:22 on December 28, 2020  /  Last updated at 22:55 on December 28, 2020  /  EMEA, EU ETS, UK ETS  /  No Comments

European carbon prices rose to a new all-time high on Monday after the EU and UK reached a post-Brexit trade deal late last week, and as colder weather and limited allowance supply provided support.

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