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EU Carbon Rally Triggers Greensâ Call for Curbs on Speculation
May 20 2021, 10:35 PM
May 20 2021, 5:08 PM
May 20 2021, 10:35 PM
(Bloomberg) The Greens in the European Union want to bolster the regionâs carbon market so that the price on pollution triples by the end of the decade while limiting the role of financial investors in the cap-and-trade program.
(Bloomberg) The Greens in the European Union want to bolster the regionâs carbon market so that the price on pollution triples by the end of the decade while limiting the role of financial investors in the cap-and-trade program.
The permits to discharge carbon dioxide in the EU Emissions Trading System soared 140% over the past year to more than 50 euros per metric ton as the bloc moved ahead with its bold climate strategy. Investment funds, flocking into the worldâs biggest greenhouse-gas market on the Green Deal, have helped accelerate the rally and some of them expect prices to rise to around 100 euro
Singapore
This report is part of the S&P Global Platts Metals Trade Review series, where we dig through datasets and digest some of the key trends in steel, iron ore, metallurgical coal, scrap and alumina. We also explore what the next few months could bring, from supply and demand shifts, to new arbitrages, and to quality spread fluctuations.
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Asia s seaborne metallurgical coal market may face a tumultuous second quarter as the low-priced environment looks set to stay given China s continued absence from Australian coals, which has had a profound impact in the physical market. Norms have been disrupted amid the onslaught of cargoes changing hands as non-Chinese steelmakers swap existing term cargoes for cheaper counterparts in the spot market.
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The great bond bull market of the past 40 years has made millionaires out of many, so has the rise of blockchain, cryptocurrencies and the digitalization of the financial system. Another such paradigm shift upon us is the worlds unified move to decarbonize and green the economy.
What we are witnessing is a worldwide push for industries to move away from excessive greenhouse gas (GHG) emissions. Such unification around a common goal is perhaps unlike anything we have witnessed in the entire history of humanity. With governments and companies worldwide fully committing to the green transition and most aiming for net-zero emissions by the middle of this century, many are taking several significant steps to achieve this goal.