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Daily (15.12.2022): European carbon prices extended losses on Wednesday amid expiring contracts
Crude oil prices rebounded on Wednesday following forecasts from OPEC and the International Energy Agency (IEA) of a rebound in demand over the next year, and as US interest rate hikes are expected to ease further alongside slowing inflation. Brent crude increased by $2.02, or 2.4%, to $82.70 per barrel, while U.S. WTI crude rose by $1.94 to $77.28 a barrel.
read more... 15/12/2022
EU agrees €20 bln boost for energy funding to quit Russian gas
The European Union will raise an extra 20 billion euros from its carbon market for investments to help end more swiftly the bloc's reliance on Russian fossil fuels, under a political deal reached on Wednesday.
read more... 15/12/2022
New Danish government eyes carbon neutrality by 2045
Denmark will be carbon neutral by 2045, five years earlier than a previous target, prime minister Mette Frederiksen said on Wednesday.
read more... 15/12/2022
Daily (13.12.2022): European carbon prices jumped to a 3.5-month high as traders await trilogue outcomes and position for options expiry
Crude oil prices rebounded on Monday amid the uncertainty about the restart of the Keystone Pipeline in North America following a leak and as the market prepares for possible curbs in Russian oil production. Hence, Brent crude increased by 2.5% to $77.99 a barrel. U.S. WTI crude settled at $73.17 a barrel, rising by 3%.
read more... 13/12/2022
EU seals agreement on world’s first carbon tariff
EU negotiators reached an agreement early on Tuesday morning (13 December) that will pave the way for Europe to set up the world’s first levy on carbon-intensive goods entering its market.
read more... 13/12/2022