EUA rebound from last week
EUAs recovered from a dip below €25 on Friday 14.08, but remained down so far this month as wider economic worries and weaker power markets outweighed the effect of halved auction supply.
EUAs jumped 3% higher on Monday 17.08 and 1% on Tuesday 18.08 closing € 26,55, after strong support near €25 appeared to encourage bullish bets that drove prices high enough to trigger short-covering.
EU puts €13.8 mln into new ArcelorMittal steel carbon capture effort
The EU has awarded €13.8 million to a project aimed at deploying two advanced carbon capture technologies at steelmaker ArcelorMittal’s Belgium facilities and burying emissions in the North Sea.
German firms risk ‘double burden’ from EU ETS and national scheme
More than 900 EU ETS-covered installations in Germany face a liquidity squeeze following the launch of the national emissions trading system (nEHS) next year as the two schemes will impose a ‘double burden’ that may not be compensated until a year and a half later, an analysis has found.
Spain confirms closure of additional 1.2 GW of coal capacity through 2022
The Spanish government on Thursday approved the closure of three more coal-fired power plants through 2022, slashing further the country’s coal capacity that has been in steady decline over recent months.
EU and Switzerland to link emissions trading platforms from September
A planned link-up of the EU and Swiss carbon markets will be operational from September, the European Commission said, giving companies a broader pool of potential partners with which to trade emissions permits
Source: Carbon Pulse, London and Euractiv, Brussels