Below is a summary of Carbon Pulse’s coverage of the Argus Emissions Markets 2016 conference.
The European Commission will not propose further measures to address low carbon prices or the oversupply in the EU ETS before 2020, a senior Commission official said Wednesday.
EU carbon prices must return to levels near €30 in order to fix the bloc’s ETS, according to UK MEP Ian Duncan, though he admitted lawmakers were unlikely to alter the main price-boosting reforms currently on the table.
A global carbon market mechanism for aviation is being tipped to shape international emissions trade as governments are likely to move more slowly in crafting new measures under the Paris Agreement, a conference heard on Wednesday.
The recent 40% collapse in EU carbon prices was triggered by worsening macroeconomic conditions, and exacerbated by speculative selling and changes in utility hedging strategies.
A second emissions trader has joined the London office of Hartree Partners LP after leaving Mercuria.