EU to limit use of carbon credits from industrial gas projects
EU plans to limit the use of carbon credits from industrial gas projects in response to the HFC23 issue.
EU plans to limit the use of carbon credits from industrial gas projects in response to the HFC23 issue.
Crude up on strong Euro, traders await US GDP data. Natural gas injection into storage lower than normal for the time of year. EUAs buoyed up by positive energy complex, rising EU sentiment. NTPC Ltd looks to import 14.5Mt of thermal coal for year end March 2012.
Crude prices hit by surprise 7.3mbbl US oil inventory build, recover on weaker dollar. NYMEX natural gas prices rise on hot weather, August expiry. Richards Bay coal sheds US¢50 to US$89.50/t. NDRC releases half year Chinese coal data. EUAs rise slightly on positive energy complex.
US crude unchanged, analysts expect EIA to report crude inventory draw down, Australia’s Newcastle port reports higher thermal coal shipments, EUAs and CERs hit by weak German power and natural gas prices.
IFandP’s Dr Samuel Fenwick takes a look at the latest developments for European carbon trading, including the new momentum towards a tightening of the EU emissions target to 30 per cent by 2020 and the release of detailed rules governing the auctioning of carbon credits in Phase III of the EU ETS
Proposals fiercely resisted by UK industry
Poland, Germany and Slovakia will be posting their EU renewable energy plans after the deadline which passed June 30.
WTI hit by new US jobless claims, American natural gas climbs on smaller than expected injection into storage, EUAs and CERs buoyed by positive European energy complex.
Proposals include a 300 per cent increase in solar power capacity and a near doubling of wind power
Unless otherwise stated, all prices are for the close of May 28.
German power: €51.64/MWh, down 0.50 per cent
Coal: €97.50/t, up 0.78 per cent
Natural gas: GB36.65p/therm, down 0.14 per cent
EUAs for December 2010 delivery: €15.11/t, down 2.45 per cent
CERs for December 2010 delivery: €12.42/t, down 2.05 per cent
Brent crude oil futures for front-month 2010 delivery: US$72.97/bbl, …
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