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Britain's Drax set to win 300 mln euro EU carbon capture cash

Britain's Drax set to win 300 mln euro EU carbon capture cash

LONDON, April 17 (Reuters) - British utility Drax is likely to receive a 300 million euro ($414.19 million) grant from the European Commission for a carbon capture and storage (CCS) project after Britain this week told the Commission it would back the scheme.

Markets

EU carbon poised for 4 pct weekly gain on reduced supply

LONDON, April 17 (Reuters) - European Union carbon prices resumed an upward trend on Thursday as traders bet the market would rise further with supply from auctions drastically curbed compared with the first quarter.

Markets

EU to host industry talks ahead of setting 2030 climate goals

LONDON, April 16 (Reuters) - The European Commission will hold three meetings this summer on how to ensure the bloc's industries can compete in global markets while meeting goals to cut greenhouse gas emissions, it said on Wednesday.

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  • 16 Apr 14

    Remember to exchange your credits!

    Only EUAs are valid for compliance in phase 3 of the EU ETS, and compliance operators who intend to use credits for 2013 compliance have to exchange their credits for EUAs before the compliance deadline on 30 April. The option for such exchange will become available for all operators before that date. The final deadlines for credit conversion are set for end of March 2015 and December 2020, depending on when and where the emission reduction backing the CER or ERU took place. While providing guidelines on the timing and procedure for credit exchanges, we expect operators to optimize the CER-EUA price difference. Therefore, we expect conversions ahead of the 30 April 2014 compliance deadline to predominantly serve 2013 compliance purposes only.

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