Italian industry presses Brussels for ETS overhaul, CBAM free allowances, further ETS2 delay
Italian industry is calling for a fundamental overhaul of the EU Emissions Trading System (ETS), along with a softening of the whole carbon market structure, warning that the market risks accelerating deindustrialisation unless major reforms are adopted.
Read MoreEU-commissioned study recommends broader carbon border charges on imported goods’ electricity emissions
The European Commission has published a technical study recommending new approaches to account for electricity-related emissions in imported goods under the bloc’s Carbon Border Adjustment Mechanism (CBAM), potentially paving the way for broader carbon charges on imports from third countries.
Read MoreEuropean Commission preparing proposal to expand EU ETS to international flights -Bloomberg
The European Union is preparing a proposal to expand its carbon pricing system to cover international flights, according to an internal Commission document seen by Bloomberg, a move aimed at strengthening climate action but likely to trigger opposition from international airlines and governments.
Read MorePREVIEW: EU states, Parliament set to clash over ETS2 MSR’s invalidation clause
EU member states are set to resist the European Parliament’s push to start cancelling carbon allowances held in the reserve of the bloc’s new Emissions Trading System for buildings and transport (ETS2) from 2034, as well as the Parliament’s calls for stronger social safeguards.
Read MoreStrong ETS “indispensable” for Europe, says banking federation
A strong and predictable EU Emissions Trading System (ETS) is essential to achieve Europe’s climate targets and support investment, the European Banking Federation (EBF) said in a public statement Tuesday.
Read MoreAviation group warns EU against wider ETS scope in 2026 review
A European aviation alliance has warned the European Commission against expanding the EU ETS beyond flights within the European Economic Area (EEA), arguing that such a move could hurt European carriers and airports without delivering clear climate gains.
Read MoreUK will need to subsidise carbon removal prices to bring them down to ETS levels -research
The UK government will need to subsidise a fixed price for carbon removal credits when it integrates them into the country’s Emissions Trading Scheme (ETS), at a cost of around £147 million per year, and more in the future, according to new research.
Read MoreKey Parliament lawmaker seeks broad majority behind EU ETS reform
Peter Liese, a senior German lawmaker tipped to lead the forthcoming revision of the EU Emissions Trading System (EU ETS) in the European Parliament, said he aims to forge a broad majority for the next reform of the bloc’s carbon market, ranging from the conservative right to the radical left.
Read MoreEuro Markets: EUAs shrug off early weakness to end day flat, UKAs consolidate
European carbon prices recovered to end the day flat on Monday, after trading started with bearish pressure, following on from last week’s selloff, with some sources noting that EUAs appeared to be drifting back again towards €75, which has acted like a magnet for much of the last two months.
Read MoreUPDATE – Six EU countries oppose plan to extend carbon market to departing flights
Six EU countries have urged Brussels to prioritise strengthening the international aviation sector’s carbon offsetting scheme CORSIA rather than extending the bloc’s carbon market to international flights.
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