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Environmental Markets & Commodities

Backloading "an unnecessary intervention"; EUROFER

London, 19 June 2013

Despite the compromise found today in the European Parliament’s ENVI Committee, EUROFER still regards backloading as unnecessary intervention into a functioning market for carbon allowances. “The EU Emissions Trading Scheme is working as it should and Europe is well on track to meet its 2020 reduction targets,” says Gordon Moffat, Director General of the European Steel Association. “Instead of artificially raising carbon costs the Commission must address the competitive disadvantages for industry resulting from European climate and energy policies.”

Read more: Backloading "an unnecessary intervention"; EUROFER

Backloading passes the ENVI, market impact very limited

Brussels, 19 June 2013

The Parliament Environment Committee (ENVI) today voted in favour of the Commission’s proposal to allow for backloading in the EU's Emissions Trading Scheme (ETS), increasing the likelihood of a positive vote in Plenary on July 3, according to analysis by Thomson Reuters Point Carbon, the leading provider of market intelligence, news, analysis, forecasting and advisory services for the energy and environmental markets.

Read more: Backloading passes the ENVI, market impact very limited

EU politicians back weakened rescue plan for carbon market

Brussels, 19 June 2013

European politicians, meeting in committee, on Wednesday gave their backing to a compromise plan to boost the price of allowances on the European Union's carbon market. However, the proposal still needs to get backing from a plenary session at the start of July and from EU member states if it is to become law.

Read more: EU politicians back weakened rescue plan for carbon market

China launches first regional carbon trading scheme

Oslo, 14 June 2013

On Tuesday 18 June, the city of Shenzhen will launch as the first pilot emissions trading scheme (ETS) in China, but without modifications to the program design it is likely the scheme will be over-allocated, according to analysis by Thomson Reuters Point Carbon, the leading provider of market intelligence, news, analysis, forecasting and advisory services for the energy and environmental markets.

Read more: China launches first regional carbon trading scheme

EU carbon extends 7-wk high, posts 4th weekly gain

London, 8 June 2013

EU allowances rose 5 percent during trade on Friday to hit 4.23 euros, extending a seven-week high and leaving the bellwether contract in the black for the fourth consecutive week. Allowances opened the day 5 cents lower at 3.95 euros, but follow-through buying from Thursday, when carbon settled above 4 euros for the first time since April 16, eventually took the December 2013 contract through resistance levels.

Read more: EU carbon extends 7-wk high, posts 4th weekly gain

38.7m CO2 allowances sold at 20th RGGI Auction

New York, 7 June 2013

The nine Northeastern and Mid-Atlantic states participating in the Regional Greenhouse Gas Initiative (RGGI), the nation’s first market-based regulatory program to reduce greenhouse gas pollution, today announced the results of their 20th auction of carbon dioxide (CO2) allowances. 38,782,076 CO2 allowances were sold at the auction, held Wednesday, June 5, 2013, at a clearing price of $3.21. The auction generated $124.4 million for reinvestment by the RGGI states in a variety of consumer benefit initiatives, including energy efficiency, renewable energy, direct bill assistance, greenhouse gas abatement, and climate change adaptation programs.

Read more: 38.7m CO2 allowances sold at 20th RGGI Auction

CME Group's first trade of Ethanol RINs Futures

London, 18 May 2013

CME Group has announced thst the first Ethanol Renewable Identification Number (RINs) futures contract was cleared yesterday over CME ClearPort. This trade was brokered by StarFuels Inc.

Read more: CME Group's first trade of Ethanol RINs Futures

EU planning tariffs on Chinese solar panel imports

London, 9 May 2013

IHS Global Insight perspective: The European Commission is planning to impose tariffs on Chinese solar photovoltaic components, despite the fact that the Chinese government is already seeking to reduce state aid to domestic manufacturers.

Read more: EU planning tariffs on Chinese solar panel imports

EU Ministers set timetable for EU ETS reform

London, 7 May 2013

Energy and Environment Ministers from nine European member states, including the UK, France and Germany, have today set out action they want to see this year to reform the EU’s Emissions Trading System (ETS) to ensure it remains at the forefront of EU policies to combat climate change and drive low carbon investments.

Read more: EU Ministers set timetable for EU ETS reform

Slim prospect that backloading will be implemented

London, 29 April 2013

Although the three main EU legislative bodies concerned with the backloading proposals; the Commission, the Parliament, and the Irish Presidency, are still considering the backloading file, the likelihood of a successful outcome of this process is slim, according to Thomson Reuters Point Carbon, the leading provider of market intelligence, news, analysis, forecasting and advisory services for the energy and environmental markets.

Read more: Slim prospect that backloading will be implemented