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Environmental Markets & Commodities

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

Guarantees of Origin to be launched on 6 June: EEX

LOndon, 25 April 2013

On 6 June 2013, the European Energy Exchange (EEX) will launch trading in Guarantees of Origin for Green Power, and in doing so, will offer its trading participants a standardised and secure market platform. Guarantees of Origin are certificates, which prove that a given megawatt hour of power was generated from renewable resources. Used exclusively for disclosure and transparency purposes only, they are then cancelled after use.

Read more: Guarantees of Origin to be launched on 6 June: EEX

Backloading voted down, EU ETS in disarray

Oslo, 16 April 2013

In a surprise turn of events, the European Parliament today rejected the Commission’s legal right to intervene in the EU’s carbon market by backloading allowances by a narrow majority (315 in favour; 334 against, with 60 abstentions), leaving the EU Emissions Trading Scheme (ETS) in disarray, 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: Backloading voted down, EU ETS in disarray

EU carbon hits new record low after backloading vote

Strasbourg, 16 April 2013

The European Parliament rejected an emergency fix to support the EU carbon market in a make-or-break vote on Tuesday, sending carbon prices plunging and German power prices to eight-year lows. Lawmakers voted 334-315 to drop a measure known as backloading, with over 60 abstentions.

Read more: EU carbon hits new record low after backloading vote

EU efforts mount to save carbon market

London, 12 April 2013

Ministers and lawmakers have ramped up pressure on MEPs in a last ditch attempt to persuade them to back a plan to rescue the EU’s carbon market, claiming if they vote down the Commission’s so-called backloading bill they would tear up European climate policy and damage industry. Ministers from Germany, Britain, France, Italy, Sweden and Denmark have written to MEPs urging them to pass a bill on April 16 that will delay or backload the sale of hundreds of millions of carbon permits in the EU Emissions Trading Scheme (ETS).

Read more: EU efforts mount to save carbon market