EU industries, Spain pile pressure on Brussels to stall hike in ETS benchmarks
A group of heavy industrial companies and trade lobbies, the ceramic industry’s association, and the Spanish government have all expressed concerns to the European Commission about its incoming update to the benchmarks used to determine how many free EU ETS allowances to hand out, according to documents seen by Carbon Pulse.
Read MoreBerlin floats using Article 6 units in EU carbon market to ease pressure on industry -media
Germany has proposed allowing international Article 6 carbon credits into the EU’s Market Stability Reserve as part of broader plans to retool the bloc’s Emissions Trading System (ETS) around industrial competitiveness, according to a document seen by Bloomberg.
Read MoreINTERVIEW: Lawmaker backs EU ETS price corridor to shore up green investment
French centrist MEP Pascal Canfin sees a price corridor for the EU Emissions Trading System (ETS) as a realistic way to marry market flexibility with the predictability investors need, telling Carbon Pulse it can be designed inside existing market rules without being challenged as a new tax.
Read MoreEuro Markets: EUAs post biggest weekly gain in 17 months amid surge in buying as signs of peace grow
EUAs posted their largest weekly increase since November 2024 as an early jump amid thin liquidity was followed in the afternoon by a second surge of buying amid growing signs that a peace deal between the United States and Iran could open the Strait of Hormuz to all commercial traffic.
Read MoreEU hits 40% emissions cut milestone, still short of 2030 target -EEA
EU greenhouse gas emissions dropped by 3% in 2024, pushing total net domestic reductions to 40% below 1990 levels, but still short of the bloc’s 55% target for 2030, the European Environment Agency (EEA) said in its annual submission to the UN.
Read MoreECS26: Chemical industry pitches EU ETS ‘savings account’ to finance decarbonisation
The European chemical industry has proposed creating a ‘savings account’ for revenues generated by the EU Emissions Trading System (ETS), which companies could draw on to finance decarbonisation investments when needed.
Read MorePOLL: Analysts expect UKAs to retain support on EU ETS on linkage hopes, major downside risk if talks fail
Carbon analysts from two firms see UK carbon prices averaging above £60 in 2026 as the prospects of linking the market with the EU ETS should narrow spreads to European permits, though they warned of political downside risks in the second half of the year if a mid-year EU-UK summit is delayed or talks fail to make a breakthrough.
Read MoreEuro Markets: EUAs jump to 9-week highs as UKAs surge 7.5% on surcharge cancellation
European and UK carbon allowance prices both rose to a 9-week high on Thursday after the UK announced it would discontinue its carbon surcharge for fuel combustion, with EUA prices testing a key technical level at the end of the day but failing to find enough support to extend its recent run of gains further.
Read MoreEU top court strikes down Hungary CO2 tax on free ETS allowances
The EU’s top court ruled on Thursday that Hungary cannot impose a tax on CO2 emissions from installations receiving significant free EU ETS allowances where that measure neutralises the value of those permits and undermines the bloc’s carbon market design.
Read MoreECS26: EU CBAM cost uncertainty and delayed rules complicate investment decisions, experts say
Gaps in cost calculations and delayed implementing rules are complicating investment and pricing decisions for companies under the EU’s Carbon Border Adjustment Mechanism (CBAM), experts said on Thursday at the European Climate Summit in Barcelona.
Read More