EU member states agree to extend CBAM to downstream sectors from 2028
EU member states agreed on Friday to extend the bloc’s Carbon Border Adjustment Mechanism (CBAM) to downstream goods from Jan. 2028, while tightening the conditions for temporarily exempting products and broadening the list of goods covered.
Read MoreEuro Markets: EUAs give up early gains to end the week flat, as gas slumps 6% on Friday
European carbon prices gave up early momentum on Friday, generated by an overnight US government statement that an agreement had nearly been reached with Iran to open the Strait of Hormuz, which pressured gas prices around 6% lower, though the supportive sentiment faded as the session went on for EUAs which ended the week flat, with several market players doubtful that the deal would be signed in the next few days.
Read MoreUK govt confirms imminent 2026 ETS auction calendar change for maritime inclusion
The 2026 UK Emissions Trading Scheme (UK ETS) auction calendar will be updated to reflect the inclusion of domestic maritime emissions once the regulation enabling the scope expansion comes into force in July, the government confirmed late on Friday.
Read MoreEU food sector seeks more ETS revenues to back 85% emissions cut potential
Europe’s food and drink industry could cut greenhouse gas emissions by 85% from 2020 levels by 2050, exceeding the reductions required under science-based guidance, but only if policymakers channel more carbon pricing revenues and targeted support into low-carbon technologies, according to a sectoral net zero roadmap presented in Brussels on Thursday.
Read MoreInvestors price carbon attention, not carbon itself, crypto study observes
Investors react sharply when an asset’s carbon footprint becomes a prominent public issue, but do not systematically price changes in underlying emissions, according to new research using cryptocurrency markets as a natural experiment.
Read MoreEU ETS could need carbon removals “safety valve” to avoid price surge if CCS, hydrogen rollout falters -report
The EU may need to integrate CO2 removals into its emissions trading system as a “safety valve” to prevent allowance prices from spiralling if deployment of carbon capture and storage (CCS) and green hydrogen infrastructure continues to lag expectations, according to a new report.
Read MoreEUAs set to end year around current level as questions remain over fragile bullish bias, says analyst
EU carbon prices are on course to end year around their current price level, with speculators maintaining a bullish view of where the market is trending despite “unprecedented” policy risk from the upcoming ETS review, an analyst at an energy consultancy said on Thursday.
Read MoreEuro Markets: EUAs ease back amid geopolitical uncertainty as market sees little near-term upside
European carbon lost ground on Thursday, reversing Wednesday’s tentative rebound, as participants noted little upside with the Strait of Hormuz closure continuing to weigh on economic fundamentals, even as energy markets ticked downwards.
Read MoreIndustry, governments renew push to freeze EU ETS benchmarks as NGOs demand transparency
Energy-intensive industries and several European governments are still urging the EU to suspend a planned tightening of benchmarks that determine how many free allowances installations receive under the EU Emissions Trading System (EU ETS), including steep cuts to key “fallback” values, while NGOs and think tanks push for more transparency in how the new rules are set.
Read MorePoland presses EU to ease carbon market pressure on cement CCS plans
The Polish government is urging the EU to dial back a planned tightening of its carbon market after 2030, warning that an “artificial scarcity” of allowances could undermine investments in carbon capture and storage (CCS) technology needed to decarbonise the country’s cement industry.
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