Entries by embapoweradmin

EU carbon price reverses course amid weakest auction in years

According to EEX, the common auction platform for EU Member States, today’s sale ranked among the weakest in the past four years, underscoring subdued bidding interest. A total of 3.27 million allowances cleared at €75.56, below the prevailing secondary market price, with a bid-to-cover ratio of just 1.08 compared with this year’s average of 1.68.

Airlines Awarded 1.3 Million EUAs for 2024 Operations

The European Commission announced this week that 53 airline operators will receive around 1.3 million allowances, worth approximately €100 million, for the use of sustainable aviation fuels (SAF) in their 2024 operations.