EU carbon market update, 15 October 2018

There is no obvious reason for EU Allowance (EUA) prices to rise this week, as auction volumes increase and mild weather continues, says Louis Redshaw. But long-term hedging by utilities could boost demand.

Central banks make rallying cry for swift action on climate risk

The financial risks presented by climate change are “system-wide and potentially irreversible… and [these] risks call for action in the short-term to reduce impact in the long-term”, a group of some of the world’s most influential central banks and supervisors has warned.