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 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.
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 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.
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.
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.
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.
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.
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.