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EPA chief in hot seat as lawmakers dissect carbon rule

WASHINGTON, July 23 (Reuters) - U.S. Environmental Protection Agency Administrator Gina McCarthy will field questions from lawmakers on Wednesday about the agency's plan to slash carbon pollution from power plants, even as industry groups seek to derail the proposal.

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EU Commission agrees 30 pct energy savings goal for 2030 - EU source

BRUSSELS, July 23 (Reuters) - The European Commission on Wednesday agreed to outline a 30 percent energy savings goal as part of a package of climate and energy policy for 2030, an EU source said on condition of anonymity.

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China warns against "blind" rush to build coal-to-gas plants

BEIJING, July 22 (Reuters) - China has warned operators against "blindly" developing projects to turn coal into synthetic fuel, underlining the requirements needed for regulatory approval as companies rush into investments that are costly and might harm the environment.

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EU carbon prices hold above 6 euros as analysts see more gains

LONDON, July 21 (Reuters) - European carbon held above 6 euros on Monday as analysts predicted that a reduced number of permits entering the market would help to support prices through the rest of July.

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Some Chinese offset projects to exit CDM if allowed

LONDON/BEIJING, July 21 (Reuters) - Some developers of projects to cut carbon emissions in developing nations, particularly China, are likely to pull out of the U.N. offset scheme and move to markets with higher prices, if plans to allow them to exit are implemented.

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Calif. carbon slips to $11.84/tonne as market shrugs off challenge

SAN FRANCISCO, July 18 (Reuters) - California’s benchmark carbon contract was valued at $11.84 a tonne on Friday, market sources said, down three cents from the previous day’s close as traders said they expect an effort to delay a planned expansion of the program to fail.

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EU carbon posts 5 pct weekly climb on utility buying

LONDON, July 18 (Reuters) - European carbon rose 5 percent in the week ending Friday, as strong power prices and a looming cut in supply encouraged steady buying from utilities.

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S.Korean finmin says planned carbon market flawed, wants delay -paper

July 18 (Reuters) - South Korea's finance minister has called its impending emissions trading market "flawed in many ways", hinting that he would pressure other ministries to delay the planned 2015 launch, a local newspaper reported.

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NZ carbon falls further as emitters stay away

July 18 (Reuters) - Spot permits in New Zealand's carbon market fell for the third consecutive week, dropping to NZ$4 ($3.47) on Friday, as traders remained hesitant to take significant positions ahead of the September general election.

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European energy prices jump on Ukraine plane crash

LONDON, July 17 (Reuters) - European gas and coal prices jumped on Thursday after a Malaysian Airlines passenger jet crashed over eastern Ukraine, as traders feared a sharper deterioration of relations with major energy producer Russia.

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EU carbon price retreats below 6 euros after hitting 4-mth high

LONDON, July 17 (Reuters) - European carbon prices retreated to below 6 euros on Thursday after hitting a four-month peak earlier in the day.

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FACTBOX- Carbon trading schemes around the world

July 17 (Reuters) - The goal of a global carbon market to tackle climate change hit turbulence on Thursday when Australia scrapped its planned carbon trading scheme.

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Britain urges deeper EU carbon market reforms than proposed

LONDON, July 16 (Reuters) - Britain said it wants deeper reforms to the EU Emissions Trading System than those proposed by the European Commission and Germany, favouring cancelling hundreds of millions of carbon permits over launching a tool to regulate market supply.

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EU considers energy savings goal below 30 percent

BRUSSELS, July 16 (Reuters) - The European Commission is considering an energy saving goal for 2030 of less than 30 percent, according to a document seen by Reuters, setting it at odds with designated Commission President Jean-Claude Juncker.

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EU Parliament won't start market reform talks this month - draft

LONDON, July 15 (Reuters) - The European Parliament's environment committee will not discuss reforming the bloc's carbon market at its first session next week, according to a draft agenda on Tuesday.

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