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‘More stable’ EU ETS prices under lower MSR rate
Lowering the intake rate of the EU emissions trading system's (ETS) market stability reserve (MSR) as planned in the coming years will lead to less volatility in the carbon market than if the current rate is retained under higher emission cut scenarios, according to a report published this week.
read more... 04/05/2021
Daily (29.04.2021): Carbon EUAs climbed by 1% on Wednesday supported by a bullish energy complex
Oil prices strengthened on Wednesday, supported by positive consumption data for black gold in the United States. Despite a slight increase in US crude inventories, according to the EIA’s weekly report, Brent oil gained 1.3% to $67.27 a barrel and WTI crude rose by 1.5% to $63.86 a barrel.
read more... 29/04/2021
Daily (23.04.2021): Front-year European power prices at multi-year record highs as carbon topped 47 EUR/t on Thursday
Oil prices saw a neutral session on Thursday, but optimism about oil demand recovery amid easing European lockdowns offset a growing number of Covid-19 cases in major consumers such as India. Hence, Brent crude ended rather flat at $65.40 a barrel. Meanwhile, U.S. WTI crude steadied at $61.43 a barrel.
read more... 23/04/2021
UK’S CARBON BUDGET WINS GREEN NGO’S APPROVAL
Transport & Environment (T&E) says the decision by the UK government to include the country’s share of international aviation and shipping emissions in its Carbon Budget is ‘a very positive step’ towards reducing carbon pollution from maritime and aviation transport.
read more... 22/04/2021
UK saw the ‘fifth largest’ fall in electricity sector carbon emissions since the start of lockdown
Energy-related emissions in the UK fell by 8%, the fifth largest drop, among the ten largest European economies since the start of national lockdowns.
read more... 13/04/2021