Euro Markets: EUAs post 0.6% gain and remain tightly bound in €1 trading range
European carbon prices bounced back to the upper end of their recent range and posted a 0.6% gain on Wednesday but the market remained steadfastly unimpressed by the continued rangebound trading.
Read MoreEU ETS loses prominent supporter as Greens’ Eickhout resigns from European Parliament
Bas Eickhout, the co-chair of the Greens group in the European Parliament, has resigned as an MEP with immediate effect after acknowledging that he had engaged in relationships that he said were incompatible with his role.
Read MoreEurope’s industrial crisis now at core of EU ETS debate, think tank says
Industrial competitiveness has moved to the centre of the European climate debate, with the EU’s Emissions Trading System (ETS) now judged as much by its impact on energy‑intensive industry as by its emissions cuts, according to this year’s State of the EU ETS Report, published on Wednesday by a Brussels think tank.
Read MoreCORSIA fails on EU’s two thresholds for keeping international flights out of ETS -analysts
The UN’s aviation offsetting scheme CORSIA does not meet the EU’s conditions for keeping its Emissions Trading System (ETS) exemption for international flights, according to an analysis of EU legislation and market conditions.
Read MoreEuropean Commission confirms additional 2026 auction volumes will be deducted from free allocation budget
The additional 40 million EUAs to be auctioned this year from June through to December will come from volumes that would otherwise have been allocated for free, a European Commission official has confirmed to Carbon Pulse.
Read MoreEuro Markets: EUAs slide back to important psychological level after recent push higher fizzles
European carbon prices slid by 0.8% on Tuesday but held close to an important psychological level, as the market recoiled from Monday’s initial surge towards the upper end of the current well-defined price channel, while energy markets recovered slightly from the previous session’s drop as traders waited for signs of progress over the stand-off in the Strait of Hormuz.
Read MoreMajor risk of EU ETS oversupply as reform narrative focuses on loosening market -report
Europe’s carbon market risks drifting into dangerous oversupply territory if policymakers weaken emissions trading rules by releasing more allowances into the system, according to new analysis that warns the EU may be on the cusp of undermining its own 2040 climate target.
Read MoreUK stands to gain from extending ETS to international maritime trips, smaller ships -think tank
The UK ETS Authority should expand the scope of the UK’s cap-and-trade scheme to cover more maritime voyages and a greater share of vessels, a think tank said in a blog post published on Tuesday.
Read MoreEuro Markets: EUAs post marginal loss after early strength as energy whipsaws on ceasefire headlines
European carbon prices marginally lower on Monday despite steady demand, as positive – if not yet bullish – sentiment on the EU ETS price outlook was overcome by a noticeable increase in geopolitical tensions after the US and Iran rejected each other’s proposals for peace negotiations.
Read MoreEU Parliament chooses lead negotiator for MSR adjustment, rejects fast-track procedure
The European Parliament has appointed a Socialists and Democrats (S&D) lawmaker to steer a proposal to adjust the Market Stability Reserve (MSR), a key tool governing allowance supply in the EU carbon market, and has opted against accelerating the usual legislative process.
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