Cement News tagged under: carbon price
CARBON: New records – now targeting €100 following increased physical and financial demand21 December 2021, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark Before its expiry day, the EUA December 2021 contract reached a stunning EUR91.50 all-time high, less than 10 per cent from EUR100, a number only joked about three months ago. An increased demand due to coal being by far the cheapest fossil fuel and speculators pouring in, as mentioned in previous reports, cut through resistance points at EUR75 and EUR80. Speculators have been looking towards EUR80-100 and a 10 per cent profit taking too... |
Carbon market falling back as energy complex goes lower, reflects COP26 disappointment22 November 2021, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark For once there were no new record highs. The carbon market was in the shadow of coal and gas markets, and reflected speculators liquidating long positions and seeing a fall below support at €60. In addition, it is also reflecting a lack of specific carbon news and an overall disappointment in terms of the pledges made at COP26. EUA front-year contract, January 2019-January 2022 No new issues were tabled, and the market fell to a l... |
Carbon at new steady high, but European prices turmoil drive new debate of intervention in power markets25 October 2021, Published under Cement NewsBy Frank O. Brannvoll, Brannvoll ApS, Denmark As usual, the carbon market set a new all-time high at EUR66 before falling 10 per cent to the current EUR60, five per cent lower than reported in ICR’s previous issue. EUA front-year contract, January 2020-September 2021 A fundamental demand for EUA was seen as several coal-powered plants were put online, driven by higher gas prices. The dark spread was 2x better for coal-fired power production than with gas, setting a true deman... |
Dalmia Cement (Bharat) Ltd CEO to represent CPLC02 June 2021, Published under Cement NewsMahendra Singhi, managing director and CEO of Dalmia Cement (Bharat) Ltd has been invited to represent the prestigious Carbon Pricing Leadership Coalition (CPLC) as Carbon Pricing Champion. CPLC is a voluntary initiative aimed at accelerating climate change by securing the place of carbon pricing on the global agenda . The international group consisting of influential torchbearers of climate change appreciated Mr Singhi for demonstrating leadership and a high level of commitment t... |
CemProspects considers important energy markets07 October 2020, Published under Cement NewsAfter moving online this year, CemProspects 2020 began yesterday by looking at energy markets of importance to the cement sector. The first day of the session provided a considerable overview of the coal market. Carlos Alvarez Fernandez, International Energy Agency (IEA), considered the fundamentals and delivered an outlook that noted the considerable effects of the COVID-19 pandemic. Global energy demand is expected to drop six per cent in 2020, which will be the largest fall in 70 years.... |
Canada: CAC joins CPLC18 July 2016, Published under Cement NewsThe Cement Association of Canada (CAC) has become a member of the Carbon Pricing Leadership Coalition (CPLC) as a strategic partner and to join other leading Canadian companies. The CPLC is a voluntary initiative that supports and encourages the successful implementation of carbon pricing around the world. It was initiated but the World Bank at the 2014 UN Climate Change Summit and officially launched in 2015 at COP21 in Paris, France. President and CEO of CAC, Michael McSweeney, said, “... |
MPA: Cement Sustainability Report confirms carbon costs ‘harming the industry’01 December 2014, Published under Cement NewsThe Mineral Products Association (MPA) Cement on Friday published its 2013 Sustainable Development report which highlights the challenges the industry faces in remaining competitive and contributing to a sustainable UK economy. It identifies UK specific carbon costs being applied to the sector as a major burden and potential threat to the future of the industry and calls on the UK Government to continue to fight for a level playing field, that will allow the sector to compete against oversea... |
First EU ETS report expected in June as carbon prices fall08 May 2012, Published under Cement NewsEU CO2 allowance (EUA) prices could fall below €5/t if the EU cannot agree on the set-aside proposal, according to Deutsche Bank analysts. At the start of the month, prices fell to €6.14, with Members of the European Parliament calling for the EU to intervene and reduce the supply of carbon allowances. In addition, EU Energy Commissioner Gunther Oettinger announced that the European Commission needs to prepare a proposal to encourage investment and drive EUA prices up. On 19 April, t... |