The EU ETS Price
The price of the EUA certificate on the ICE ECX London opened this morning (18.02.2021) the EUA trade sessions at 38,18 € / tCO2.
EUAs continued their record-breaking rally into a fifth day on Monday (15.02.2021) in the last decade, with 40,60 € / tCO2. EUAs rebound to new high above 40€ on both Monday and Tuesday (15 &16.02) after intervention panic fades, clawing back ground lost late on Thursday and Friday (11&12.02) as traders dismissed the prospects of regulators curbing speculative trade anytime soon. EUAs fell for the third straight day on Wednesday (17.02) as a falling energy complex weighed, with carbon defying prevailing bullish sentiment and data showing speculative funds have become the market’s largest segment.
Fossil fuel subsidies amount to hundreds of billions of dollars a year
Despite an agreement at the G20 in 2009 to eliminate fossil fuel subsidies, the US, China and Russia alone spent US$909 billion (£656 billion) on them in 2017, the most recent year available – that’s nearly 40% more than in 2009.
A global study of gasoline prices between 2003 and 2015 showed that net fossil fuel subsidies increased by 5% each year.
Eliminating fossil fuel subsidies is not an optional extra in the effort to decarbonize the global economy, it’s central to the entire transition. But achieving widespread support for this will take political leadership, policy innovation and far greater funding.
Pollution from fossil fuels twice as deadly as thought, scientists warn
Air pollution from burning fossil fuels is causing more than twice as many deaths as thought, a study has found.
They calculated that in 2012 fine particles were a contributory factor in 99,000 deaths in the UK, more than double the estimate published in 2016 by the Royal College of Physicians of 40,000 deaths a year from all sources of outdoor air pollution. Almost one in five deaths in the UK is linked to fine particle pollution from road traffic, power generation and other activities that involve burning petrol, diesel, coal and gas, according to scientists from Harvard University and University College London.
Source: ICE ECX, Carbon Pulse, Bloomberg, & Energy in Demand, London