EU to withdraw another 330 mln carbon allowances from ETS after supply glut drops 16%

Published 17:57 on May 8, 2020  /  Last updated at 18:02 on May 12, 2021  /  EMEA, EU ETS  /  No Comments

More than 330 million more carbon allowances will be withdrawn from the EU ETS through next summer and inserted into the MSR, the European Commission announced late Friday in its annual 'TNAC' update, with the market's oversupply falling by over 16% from 2018 levels.

More than 330 million more carbon allowances will be withdrawn from the EU ETS through next summer and inserted into the MSR, the European Commission announced late Friday in its annual ‘TNAC’ update, with the market’s oversupply falling by over 16% from 2018 levels.

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