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Environmental Markets & Commodities

European carbon market oversupplied until 2027

Oslo, 19 September 2013

The European carbon market (EU ETS) is likely to remain oversupplied with allowances until 2027, according to analysis by Thomson Reuters Point Carbon, the leading provider of market intelligence, news, analysis and forecasting for the energy and environmental markets.

Read more: European carbon market oversupplied until 2027

Australia plans to bring forward carbon trading

LOndon, 16 Juy 2013

On 15 July, Australia’s new Prime Minister Kevin Rudd announced his intention to switch to an Emission Trading Scheme (ETS) earlier than July 2015, the current start date of the floating price period in Australia. This early switch to a cap-and-trade scheme is expected to start in July 2014. drastically lowering the price of carbon, with Australian Carbon Units expected to start trading at AUD 9/t (EUR 6.5/t), a decrease of 65 percent compared to the fixed price of AUD 25.40/t (EUR 17.7/t) in July 2014, 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: Australia plans to bring forward carbon trading

Clean energy investments rise 22% to $53.1 bn, Q2 2013

London, 11 July 2013

A new study conducted by Bloomberg New Energy Finance (BNEF) finds that global investment in clean energy was $53.1bn in the second quarter of 2013, up 22% from the first quarter thanks to an upturn in the financing of wind and solar projects and a 170% surge in equity funding for specialist companies on public markets.

Read more: Clean energy investments rise 22% to $53.1 bn, Q2 2013

Backloading given green light from EU Parliament

Oslo, 3 July 2013

In the latest round of voting on the backloading proposal in the EU Emissions Trading Scheme (ETS), MEPs rejected amendments that would have watered down the impact of backloading and approved a version that does not rule out a possible cancellation at a later stage. However, the adopted proposal is only expected to have a minor bullish impact on carbon prices, according to analysis by Thomson Reuters Point Carbon.

Read more: Backloading given green light from EU Parliament

Carbon Tax could be possible after Obama climate plan

London, 24 June 2013

Platts Energy Week – The most vocal proponent of climate change action in the U.S. Senate believes that a carbon tax, currently seen as a political impossibility, will become much more feasible if President Barack Obama’s much-anticipated climate action goes farther than the energy industry wants. “There’s no chance [of a carbon tax] right now, but that chance can change dramatically if the president takes strong action,” Senator Sheldon Whitehouse, a Rhode Island Democrat, said on Platts Energy Week, an all-energy news and talk show program.

Read more: Carbon Tax could be possible after Obama climate plan

EU members confirm EEX as Permanent German Auction Platform for Emission Allowances

Leipzig, 20 June 2013

The European Energy Exchange (EEX) has successfully passed the European Commission’s assessment process as the permanent German auction platform. The relevant body of the EU Member States, the Climate Change Committee, approved the nomination on Tuesday.

Read more: EU members confirm EEX as Permanent German Auction Platform for Emission Allowances

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