Euro Markets: EUAs tumble to another 11-month low as market waits for news from EU leaders’ summit
European carbon prices fell for the sixth time in seven days, shrugging off a big surge across energy markets to reach a new 11-month low, as traders watched from news from an EU summit at which leaders were discussing ways to reduce the bloc’s energy costs, including measures to reduce carbon prices, while spot UKA prices continued their decline to within ÂŁ5 of the new floor price.
Read MoreECB revises down EU ETS price outlook through 2028
The European Central Bank has revised its EU Emissions Trading Scheme (ETS) price outlook lower for the 2026-28 period, despite a sharp upward change to its inflation forecast.
Read MoreInnovation Fund fails to make the grade on emissions reductions, say auditors
The Innovation Fund, which channels revenues from the EU ETS to innovative decarbonisation projects, is failing to deliver the expected level of greenhouse gas emissions reductions, concluded the European Court of Auditors (ECA) in a new report.
Read MoreRemoving gas-fired power from EU ETS would dramatically reshape power market, analysis finds
A proposal to remove natural gas power plants from the EU’s carbon market could dramatically reshape Europe’s electricity system – cutting prices in the short term but triggering wide-ranging economic and environmental consequences, according to new analysis published on Thursday.
Read MoreDraft EU summit statement calls for ETS reform proposal by July “at the latest”
War in the Middle East is dominating talks on industrial competitiveness at an EU summit opening Thursday, with a draft leaders’ statement calling for planned reform of the bloc’s Emissions Trading System (ETS) to be presented “by July 2026 at the latest”, as well as urging near-term energy price containment measures.
Read MoreEuro Markets: EUAs find robust support at day’s low as funds continue to cut net length
European carbon prices weakened modestly on Wednesday after a largely unsurprising Commitment of Traders report and the expiry of March options, with sustained bidding during the afternoon providing a floor for the market as traders awaited new from Brussels, where EU leaders are set to meet to discuss energy costs and potential reforms to the EU ETS.
Read MoreUPDATE – Group of 10 member states demand EU ETS review by May
Ten EU countries have called on the European Commission to bring forward its planned review of the EU ETS to the end of May “at the latest”, urging a package that also lowers carbon costs for industry in the near term.
Read MoreETS expansions come with big benefits, as long as challenges are tackled -report
Extending emissions trading systems to cover more sectors and types of greenhouse gases comes with significant benefits beyond emission reductions, as long as policymakers tackle challenges such as where to set the cap on pollution permits early on, according to a report.Â
Read MoreFrench carbon investment platform raises €3.6 mln to expand beyond EUAs
A Paris-based carbon investment platform has raised €3.6 million to expand its offering beyond EU carbon emission allowances (EUAs) and into a broader range of energy transition-linked assets, it announced Wednesday.
Read MoreFrance clarifies stance on EU ETS, calls for softer yearly emission cap to 2040
France has moved to clarify its position on reforming the EU Emissions Trading System (ETS), arguing that the bloc’s annual emissions cap should be softened “so it does not reach zero in 2039”, but leaves around 200-300 million allowances in the system by then.
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