Biggest EU Parliament party split over CBAM suspension crisis clause
The conservative European People’s Party (EPP), the Parliament’s largest group, is divided over whether to restrict, delete, or broaden a tool that would allow the European Commission to temporarily suspend the EU’s Carbon Border Adjustment Mechanism (CBAM).
Read MoreSweden urges EU to maintain 4.4% ETS emission reduction rate through 2035
Sweden’s Environmental Protection Agency has called for the EU Emissions Trading System (EU ETS) to maintain a strong and predictable carbon reduction pathway after 2030, warning that excessive flexibility could weaken incentives for industry to invest in the green transition.
Read MoreEU’s Market Stability Reserve to withdraw another 190.5 mln allowances from ETS starting Sep. 2026
A shrinking surplus of EU Allowances will see the bloc’s Market Stability Reserve (MSR) absorb 85 million fewer permits over the next year, according to figures published by the European Commission late Friday that showed the market surplus dropping below a key threshold for the first time.
Read MoreEuro Markets: EUAs end week nearly 5% higher, bolstered by cooling demand
European carbon posted further gains on Friday, after a week that saw the benchmark contract increase by nearly 5%, with UK carbon prices up nearly 10% for the week, as news emerged that the US and Iran have reached a preliminary agreement to extend the ceasefire by 60 days, bringing hope that blockade of the Strait of Hormuz would come to an end, which led to European gas prices sliding marginally.
Read MoreBulgaria, Romania seek €342 mln in EU ETS cash to expand gas network
Bulgaria and Romania are seeking €342 million from the EU’s Modernisation Fund to finance seven gas pipeline projects, an NGO analysis has found.
Read MoreFour EU states urge revision of ETS fallback benchmarks before 2027
Germany, France, Spain, and Estonia have urged the European Commission to address concerns about fallback benchmark values that determine the volume of free CO2 permits distributed under the EU Emissions Trading System (ETS), warning that current plans could push some factories to shut down and relocate abroad.
Read MoreEuropean ports urge EU to address maritime ETS leakage risks in upcoming review
A European ports association has called on the European Commission to address business and carbon leakage risks in its upcoming revision of the EU Emissions Trading System (ETS), warning that the carbon market’s maritime rules are weakening EU ports and short-sea shipping.
Read MoreMore countries call for freezing or softening EU ETS benchmarks
Slovakia and Estonia have joined a group of four EU member states calling for freezing the benchmarks that determine the number of free allowances under the EU Emissions Trading System (ETS), while France and Spain voiced disappointment with the European Commission’s draft during an EU ministerial meeting on Thursday.
Read MoreItalian regulator steps cautiously towards compensating gas power plants for their ETS costs
The Italian energy regulator appears to be limiting the extent to which gas-fired power operators will be able to recoup compliance costs from the EU’s Emissions Trading System (ETS), likely in an effort to quell concerns from Brussels, according to new analysis.
Read MoreEuro Markets: EUAs surpass €80 as energy prices seesaw on US-Iran deal
European carbon prices surpassed €80 for the first time since February while oil and gas futures seesawed as markets continued to wait for an expected agreement between Tehran and Washington to reopen the Straight of Hormuz.Â
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