UK spends £250 mln monthly on electricity imported from Europe -report
The UK is importing electricity from Europe at record levels, with the country now spending over £250 million each month, according to new analysis commissioned by power producer Drax.
Read MoreRevenue distribution boosts public acceptance of carbon pricing -report
Carbon pricing is easier to put in place with social policies backing it, according to new research.
Read MoreEuro Markets: EUAs post largest weekly drop in six months despite ending three-day losing streak
European carbon prices snapped a three-day losing streak Friday, though robust morning gains in line with gas and power were rapidly unwound in the afternoon amid strong selling interest, leaving the EU market with its largest weekly loss since the end of February.
Read MoreInvestors should start with materiality when addressing Scope 3 emissions -report
Financiers should adopt a materiality-based approach when addressing the Scope 3 emissions of assets, according to a report published this week.
Read MoreAnalysts propose carbon clearing house to support integration of carbon removals in UK ETS
In response to a recent consultation on integrating carbon removals in the UK ETS, analysts at a non-profit have called for the establishment of an intermediary institution, such as a ‘Carbon Clearing House’, to streamline the market for suppliers and buyers, and to provide greater control over the portfolio and scale of removals being developed in the country.
Read MoreHigher emissions and EU carbon prices if no CBAM solution is found for UK power exports to EU -analysts
EU emissions and carbon prices could rise as a result of the bloc’s Carbon Border Adjustment Mechanism (CBAM), causing a reduction in power flows from the UK to the EU, according to scenarios modelled by an energy analytics firm.
Read MoreEuro Markets: Early resilience crumbles as sellers return and push EUAs to six-week low
European carbon allowance prices found support during the morning session, but crumbled on Thursday afternoon amid a resumption in motivated selling, helping to curb gains in power and gas and taking the benchmark EUA contract to a new six-week low late in the session.
Read MoreS&P sees global carbon markets picking up ‘in all scenarios’
While carbon markets are helping to stem global warming, even a “very strong” energy transformation scenario would only limit global temperature rise to 2.4C, analysts said at a webinar this week.
Read MoreUK trims carbon permit auction volumes for final seven sales of 2024 on aviation changes
The UK has revised its carbon allowance auction calendar for the remainder of 2024 to take account of changes in the number of aviation operators participating in the market, according to a statement from the auction operator.
Read MoreEuro Markets: EUAs hit six-week low as selling pressure continues, UKAs slightly lower on “solid” auction
European carbon slumped to a six-week low on Wednesday, breaking through key technical levels under pressure from sellers and despite an increase in investment funds’ short positioning, as fundamentals remained gloomy and the overall market sentiment continued to worsen, while UK Allowances trimmed losses after a “solid” auction.
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