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Daily (07.06.2022): EUAs slumped by 6% on Monday as traders eye ETS reform vote
Oil prices fell slightly on Monday as increased supplies of Russian crude headed for Asia counterbalanced the optimism sparked by Saudi Arabia's larger-than-expected price hike for Far East exports. Hence, Brent crude lost 21 cents, or 0.2%, to settle at $119.51 a barrel. U.S. WTI crude slipped by 37 cents, or 0.3%, to settle at $118.50 a barrel.
read more... 07/06/2022
EU lawmakers to pull back on ETS reform ambitions
EU lawmakers are set to push for a 63% cut in industry and power sector emissions by 2030 in a full European Parliament vote next week, down from the 67% cut backed by its environment committee.
read more... 02/06/2022
Daily (24.05.2022): European carbon prices extended losses to 5-week low on Monday amid weak auctions, uncertainty over reform
Oil prices settled marginally higher on Monday as fears of a future recession competed with the prospect of stronger fuel demand due to the forthcoming summer driving season in the United States and Shanghai's preparations to reopen after a two-month coronavirus quarantine. Hence, Brent crude rose by 87 cents, or 0.7%, to $113.42 a barrel. U.S. WTI crude steadied at $110.29 per barrel.
read more... 24/05/2022
EU lawmakers vote for more ambitious carbon market overhaul
Lawmakers on the European Parliament's environment committee voted on Tuesday for a more ambitious overhaul of the EU carbon market than previously proposed, as they prepare to negotiate reforms to the bloc's core emissions-cutting policy.
read more... 19/05/2022
Europe edging closer to withdrawal from Energy Charter Treaty
More European Union countries have shown signs of impatience with the ongoing reform of the Energy Charter Treaty (ECT), which critics say impedes international efforts to phase out fossil fuels, according to leaked diplomatic cables seen by EURACTIV.
read more... 18/05/2022