EMEA > Compliance Markets & Taxes > Leaked EU ETS benchmarks update shows softening for chemicals and refinery, no reduction for ‘fallback’ values

Leaked EU ETS benchmarks update shows softening for chemicals and refinery, no reduction for ‘fallback’ values

Published 16:06 on April 2, 2026 / Last updated at 19:34 on April 2, 2026 / / EMEA (Compliance Markets & Taxes, Europe), Net Zero Transition (Industrial Decarbonisation, Power/Electrification, Transport & Heating Fuels)

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A leaked draft of benchmark values that determine how many free allowances industries receive under the EU Emissions Trading System (ETS) suggests softer cuts for certain sectors, such as some chemicals and refinery products, but retains a steep reduction for the ‘fallback’ benchmarks, which analysts say could be bullish for EUA prices.
A leaked draft of benchmark values that determine how many free allowances industries receive under the EU Emissions Trading System (ETS) suggests softer cuts for certain sectors, such as some chemicals and refinery products, but retains a steep reduction for the ‘fallback’ benchmarks, which analysts say could be bullish for EUA prices.


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