EU Commission “not working on ETS for agriculture”, top official confirms
The European Commission has no plans to propose a dedicated Emissions Trading System (ETS) to curb greenhouse gas emissions from the agriculture sector, a top official has confirmed.
Read MoreUK to end its top-up carbon tax on power emissions in 2028
The UK government intends to remove the Carbon Price Support (CPS) tax on power plant emissions in two years, because it is no longer needed, a government official confirmed on Thursday.
Read MoreMSR releases after 2030 to inflict steepest price decrease in EU ETS2 -analysts
New analysis has compared several reform options for the Market Stability Reserve (MSR2) in the EU’s upcoming carbon market for road transport and heating fuels (ETS2), finding that allowing permit releases from the supply-balancing mechanism to continue beyond 2030 stands to have the most significant bearish price impact.
Read MoreECS26: ETS2 prices seen peaking at €132 under proposed EU reforms
Prices on the EU’s upcoming Emissions Trading System for road transport and heating fuels, known as ETS2, are expected to see a slower rise under reform plans presented last year, with prices peaking at €132/tCO2 in 2035, according to new projections.
Read MoreEU ETS inclusion will not push waste back to landfill, study suggests
Including municipal waste incineration in the EU Emissions Trading System (ETS) is unlikely to trigger a shift back to landfilling because policy, infrastructure and contracts leave very little room for that to happen, according to a new report for Zero Waste Europe (ZWE) published on Thursday.
Read MoreECS26: Spanish government reiterates ETS support
A senior Spanish government official restated their continued support for the EU’s Emissions Trading System (ETS), as the bloc prepares for an upcoming review of the scheme’s design this summer.
Read MoreEU Parliament committee passes compromise to extend ETS2’s supply-control mechanism to 2035
Lawmakers in the European Parliament environment committee approved a deal on Wednesday to keep allowances in the Emissions Trading System for heating and transport (ETS2)’s Market Stability Reserve (MSR2) fully valid until 2033, with partial validity until 2035.
Read MoreECS26: Stronger price certainty, targeted support needed to unlock EU ETS industrial decarbonisation
Clear and predictable carbon price signals, alongside financial support mechanisms, will be needed to unlock industrial decarbonisation under the EU ETS, experts in Barcelona said Wednesday.
Read MoreEuro Markets: EUAs drop back after failing to establish above key resistance as funds build length
European carbon allowances gave up some of Tuesday’s price gain after failing to make a convincing break above a key psychological and technical price area, even as weekly position data showed speculative traders beginning to rebuild long positions after the steep sell-off of the first quarter, while energy markets reflected a mixed outlook of rising hopes for peace talks as well as a tightening blockade of the Strait of Hormuz.
Read MoreECS26: MSR reform to leave EU carbon prices unchanged in near term, analysts say
Proposed changes to the EU’s Market Stability Reserve (MSR) are unlikely to affect carbon prices in the near term but could leave a larger volume of allowances in the system later in the decade, analysts said on Wednesday.
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