EMEA > Compliance Markets & Taxes > Gradual ‘exchange rate’ could smooth path to ETS1 and ETS2 linkage, study says

Gradual ‘exchange rate’ could smooth path to ETS1 and ETS2 linkage, study says

Published 11:05 on May 28, 2026 / Last updated at 11:08 on May 28, 2026 / / EMEA (Compliance Markets & Taxes, Europe), Net Zero Transition (Power/Electrification, Transport & Heating Fuels)

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The European Union could link its two emissions trading systems over time by introducing an explicit “exchange rate” for allowances, helping to avoid sudden price shocks, according to a new academic study on gradual market integration.
The European Union could link its two emissions trading systems over time by introducing an explicit “exchange rate” for allowances, helping to avoid sudden price shocks, according to a new academic study on gradual market integration.


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