EU strikes overnight deal to reinforce ETS2 price-stability mechanism
The European Union’s legislators reached a provisional agreement early Thursday morning to strengthen the Market Stability Reserve (MSR) of the bloc’s new carbon market for buildings and road transport, in a move aimed at reducing the risk of price shocks ahead of the system’s launch.
Read MorePoor communication on CCS is becoming a “political problem”, Danish MEP warns
Carbon capture and storage risks turning into a political liability in Europe because most people – including many politicians – have never seen it in action, Danish lawmaker Niels Flemming Hansen has warned, urging reforms to the EU carbon market to better support industrial decarbonisation and carbon dioxide removals (CDR).
Read More€13-trillion investor group urges EU leaders to shield ETS from pressure to weaken price
Institutional investors managing more than €13 trillion in assets have urged EU leaders to resist pressure to dilute the bloc’s carbon market as governments prepare a politically sensitive review of the EU Emissions Trading System (ETS) next month.
Read MoreEuro Markets: EUAs rebound as energy ticks up following US strikes on Iran
European carbon prices posted modest daily gains as they tentatively rebounded in the wake of recent losses, while energy markets rose following reports of retaliatory US strikes on Iran.
Read MoreLoosening of EU carbon market could derail climate goals, generate major surplus, finds analysis
Proposed reforms to the European Union’s carbon market could significantly weaken the bloc’s emission reduction trajectory, flood the market with surplus permits, and undermine the pathway to climate neutrality, according to a new technical assessment by climate policy think tank.
Read MoreUkraine publishes draft ETS law, plans to create decarbonisation fund
Ukraine has published a draft law outlining the framework for its planned domestic emissions trading system (ETS), which would seek to cover power, industrial, aviation, and maritime sectors exceeding specified thresholds.
Read MoreFEATURE: EPP divisions cast shadow over bid to lead EU carbon market reform talks
Veteran EU Parliament lawmaker Peter Liese appears the obvious choice to lead negotiations on the reform of the Emissions Trading System (ETS) later this year, but divisions within his centre-right European People’s Party (EPP) over the future of the EU carbon market could yet block his appointment.
Read MoreLEAK: EU Commission weighs extended free allocation, aviation changes in EU ETS review
The European Commission is weighing an extension of free carbon allowances and a review of aviation rules to ensure “an effective carbon price” on international flights, according to a leaked internal paper seen by Carbon Pulse.
Read MoreEU carbon market volatility spills into emerging European equities during periods of stress, study finds
Volatility shocks from the EU’s carbon market are transmitted far more strongly to emerging European stock markets during periods of heightened market stress than under normal conditions, with Greece, Poland, and Hungary particularly exposed, according to a new study.
Read MoreEuro Markets: Calm energy markets leave EUAs, UKAs drifting
EU carbon allowances fell back towards the €76 mark on Tuesday in a muted session that drew thin trade with the benchmark generally following gas and power movements, as participants pointed towards a broadly neutral configuration across the continent’s energy markets.
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