FEATURE: Airlines more concerned by compliance carbon than CORSIA credit supply
Airlines are more worried about the proliferation and expansion of compliance carbon requirements across different regulatory bodies than over the current tight supply of CORSIA-eligible credits, senior industry figures told Carbon Pulse.
Read MoreEuro Markets: EUAs advance as much as 3.3% before energy-wide sell-off caps gains
European carbon prices set a new 12-week high on Monday, as the strong correlation with bullish natural gas initially dragged EUA prices higher, before news of a possible ceasefire in Lebanon triggered a general sell-off across all energy markets.
Read MoreEuro Markets: EUAs post 1.9% weekly gain despite Friday’s gas-fuelled sell-off, as coal takes pole position
European carbon prices posted a 1.9% weekly gain despite a steady decline on Friday amid some end-of-week profit taking that also pushed natural gas prices down, and shrugging off an ongoing shift in plant economics that analysts said puts coal ahead of gas for power generation over the next three months.
Read MoreBRIEFING: UK could face hefty export tax on electricity under EU’s CBAM
The UK risks facing a tax on electricity exports to the EU in the range of £40-50 (€43-55) per megawatt-hour under the bloc’s Carbon Border Adjustment Mechanism (CBAM), experts told a webinar Friday about the UK’s need for electricity market reform.
Read MoreBRIEFING: GB Energy will be open to risk-taking and innovation – but other aspects remain unclear
Great British Energy, the UK government-owned company being set up to spearhead the country’s energy transition, will make investments in risky technologies that governments usually avoid, a conference heard this week.
Read More‘Real change’ in UK energy policy under new Labour government, says renewables advocacy group
There has been a “real change” in UK energy policy under the new Labour government, the director of a UK renewables advocacy told an industry conference on Monday.
Read MoreEuro Markets: Carbon rides to 12-week high on gas’ coattails, sets up camp above key level
EU carbon prices were pulled to their highest in 12 weeks, above a key level, on Thursday by growing concerns over rising geopolitical tensions in Ukraine and a short unplanned North Sea outage, which encouraged natural gas traders to buy, helping carbon to breach an important psychological level for the second time this week.
Read MoreIndonesia vows to phase out coal-based power plants by 2040
Indonesian President Prabowo Subianto has pledged to phase out all of the country’s coal-fired and fossil fuel-based power plants over the next 15 years.
Read MoreEuro Markets: Carbon edges higher but fails to take strength from 2.5% rally in gas, as funds flip to length
EU carbon allowances edged higher on Wednesday, posting a modest gain but failing to take strength from a 2.5% climb in front-month gas prices, while weekly positioning data showed investment funds held their first net long position in 15 months.
Read MoreStartups urge govt to turn UK into a voluntary carbon hub
The UK could become a global hub for carbon market startups, building on the £790 million the sector has already raised — if the British government gets behind to boost the voluntary carbon market’s growth, according to a report published on Wednesday.
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