Summary of the articles by Carbon Pulse

In case you weren’t able to attend our 2nd annual Carbon Forward conference and training day in London last week, below is a summary of the articles Carbon Pulse wrote based on the event and its stellar line-up of speakers.

EU ETS & BREXIT

EU Presidency warns major work needed to complete ETS reforms

EU institutions remain at odds on several key elements of the post-2020 EU ETS reform bill, piling pressure on negotiators to cement an agreement at the next closed-door trilogue meeting.

EU ETS Brexit risks are vast, including lost UK revenue of £1 billion/year

A British exit from the EU ETS carries a myriad of huge risks, including lost revenue of up to £1 billion annually for the UK by 2030.

All new UK-issued carbon allowances could be invalid from next year, regardless of Brexit talks -expert

EU carbon allowances issued or sold by the UK next year may be invalidated for ETS compliance starting Jan. 1, 2018 due to the lack of a Brexit divorce agreement by that date, rather than following the failure to agree such a deal, according to an expert.

EU ETS analyst views diverge over time as market enters uncharted short territory

EU carbon analysts are plotting vastly different courses for EUA prices next decade as they grapple with the unfamiliar situation of the market becoming under-supplied for the first time since 2008.

Renewables, efficiency measures to cut EUA demand by nearly 1 bln tonnes by 2030

Energy efficiency and renewable energy targets set by the EU will sap demand for EU carbon permits by almost 1 billion tonnes over 2021-2030, a utility executive said Wednesday.

EUAs to spike above €15 by 2019-20 as MSR spurs hedging -Barclays

EU carbon prices are set to more than double to €15-20 by 2019-20 as utilities up their hedging, curbing supply just as the MSR starts sucking up hundreds of millions of allowances, a Barclays analyst said Thursday.

AVIATION

EU pushing for 2016 offset vintage limit as CORSIA rules start to take shape

The EU is pushing for the UN’s aviation offsetting scheme to accept only carbon credits generated from emissions reductions achieved after 2016, according to a senior European Commission official involved in the negotiations.

INTERNATIONAL

Nations face GHG trade headaches as pledges, views differ

Negotiators face huge challenges to track emission cuts under the Paris Agreement because national pledges are so different and views vary over how to treat pre-2020 carbon credits.

VOLUNTARY MARKETS

Voluntary demand steady but prices fall as market confronts Paris-era doubts

The voluntary carbon market is maintaining demand from corporate buyers but average prices are falling as developers work out the best way to secure their future under a global climate regime that may otherwise squeeze them out.

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