Portugal reinstates carbon tax as it seeks EU-recommended emission cuts -media
The Portuguese government has unfrozen a tax on CO2, previously suspended, in an attempt to reduce its greenhouse gas emissions and obey recommendations by the European Commission, national media reported on Monday.
Read MoreEuro Markets: EUAs little changed as dip-buying meets continued selling interest
European carbon prices fluctuated in line with natural gas prices on Monday, ending the session almost unchanged as selling interest in the afternoon capped earlier gains, though participants reported an uptick in dip-buying.
Read MoreVCM Report: Voluntary carbon market stalls, ICVCM board fails to meet at the end of August
Thin liquidity continued to plague the voluntary carbon market last week although news of some big ticket tenders brightened the outlook.
Read MoreUK 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 MoreCarbon Trader, ExxonMobil – London
Working within ExxonMobil’s global Biofuels & Carbon trading team, the successful applicant will play a substantial role in trading our European carbon portfolio, and particularly focusing on the European and UK Emissions Trading Systems. They will work closely with the rest of the Biofuels & Carbon team and with the wider ExxonMobil Trading and Analytics teams. This role also requires the development of strong relationships both internally across the ExxonMobil ‘system’ as well as externally with many trading counterparties and brokers.
Read MoreLEAK: Poland wants immediate access to free EU ETS allowances for district heating
Poland is asking the European Commission for 30% more free EU ETS allowances for district heating networks, and that they be allocated while implementing climate investments rather than at the end of the period, as stated in EU regulation.
Read MoreDraghi report calls for more ‘coherent’ EU climate agenda, focus on energy prices
The EU needs to bring down energy prices for industry and ramp up investments to meet its climate goals, Mario Draghi recommended in a widely awaited report on the future of the Union’s competitiveness.
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 MoreLATAM Roundup: Biodiversity and carbon markets intertwine, Panama revives climate committee
Carbon Pulse rounds up developments in Latin American and Caribbean carbon markets for the week ending Sep. 8, characterised by a surge of biodiversity pricing news intimately connected to Amazon rainforest carbon projects.
Read MoreANALYSIS: Legal issues around Japan’s proposed mandatory carbon market await more clarification
As Japan has begun preparation work for the design of a compliance carbon market, the government should clarify some key legal issues to remove doubts when embedding the concept of emissions trading in the domestic legal framework, according to experts.
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