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Daily (17.02.2023): European carbon prices hit a six-month high on Thursday as traders shrugged off the impact of REPowerEU auction vote.
Oil prices fell on Thursday amid fears of further interest rate hikes by the Federal Reserve following the release of Producer Price Index (PPI) report showing an increase of 0.5% in inflation on a monthly basis in January. Thus, Brent crude oil slipped by 0.3% to $85.14 a barrel.
read more... 17/02/2023
MEPs sign off plan to raise EUR 20bn from EUA sales
The European Parliament approved raising EUR 20bn from EU carbon allowance sales to help fund its REPowerEU plan to cut the bloc’s dependence on Russian gas and oil quickly in a vote on Tuesday.
read more... 15/02/2023
UK delays planning decision on Orsted's Hornsea 4 windfarm
Britain has delayed until mid July a decision on whether to grant permission for Orsted's giant Hornsea Four offshore windfarm, whose footprint on the sea floor partially overlaps that of a BP-led carbon capture project.
read more... 14/02/2023
Draft ETS reforms gain key approval from EU ambassadors
Draft carbon market reforms with more ambitious emission cuts have gained a formal approval from EU ambassadors in a key step towards making them binding, the Swedish EU presidency said on Wednesday.
read more... 09/02/2023
Global carbon markets value hit record $909 bln last year
The value of traded global markets for carbon dioxide (CO2) permits reached a record 850 billion euros ($909 billion) last year, analysts at Refinitiv said on Tuesday.
read more... 08/02/2023