Italian lawmakers warned ETS is ‘wrong target’ for energy costs
The EU Emissions Trading System (ETS) has become “the wrong target” in the debate over Europe’s high energy costs, an Italian parliamentary vice-president said on Wednesday, as speakers at a Rome event urged the government to stop blaming the carbon market and focus instead on fossil fuel dependence.
Read MoreEuro Markets: EUAs, UKAs consolidate gains to end week above key levels
EUAs and UKAs both consolidated gains on Friday accrued earlier in the week to end the session above €80 and £60 respectively, with energy prices also charting solid gains as a heatwave across Western Europe loomed into view as analysts anticipated a significant ramping up of cooling demand, coupled with lower nuclear output in France.
Read MoreEU leaders back ETS review plan, discuss carbon market’s role in next budget
EU leaders on Friday endorsed the European Commission’s plan to review the EU Emissions Trading System (ETS) next month, with proposals on free allowances and industrial emissions benchmarks due in July, as talks continue on how to use ETS revenues in the next EU budget.
Read MoreEU urged to expand ETS to international flights as kerosene shock reignites aviation climate debate
The EU should resist calls to weaken aviation climate policies in response to the recent kerosene price shock and instead extend its ETS to cover all flights departing the bloc from 2027, according to a policy paper published this week.
Read MoreEuro Markets: EU, UK carbon lock in position above €80, as market awaits reform clarity, Hormuz reopening
A late burst of selling pushed EUAs back to the €80 mark, leaving the benchmark contract only marginally higher for the day, as European equities fell late, while traders anticipated that exports would soon start to ramp up from Middle Eastern energy hubs.
Read MoreTop EU Parliament group seeks “breathing space” for industry in upcoming EU carbon market reform -media
The European Parliament’s largest political group is weighing changes to the EU carbon market aimed at shielding industry and limiting price volatility, according to a draft internal document seen by Bloomberg.
Read MoreFEATURE: Brussels “seriously considering” free EU ETS permits for shipping firms using clean fuels
The European Commission is “seriously considering” granting free CO2 permits to shipping companies that use clean fuels as part of the upcoming reform of the EU Emissions Trading System (EU ETS) due to be presented in July.
Read MoreClean aviation firms urge Brussels to extend EU ETS to long‑haul flights
A coalition of European clean aviation technology firms has urged the European Commission to extend the EU’s Emissions Trading System (ETS) to international flights, directly challenging an earlier push by major airlines and six EU governments to curb or delay higher carbon charges on the sector.
Read MoreFragmented carbon credit rules could let developers “shop around” for weaker safeguards, report warns
Divergent rules for managing carbon reversal risks could weaken market integrity and encourage project developers to choose less demanding standards, according to a report released Thursday.
Read MoreEuropean power sector urges predictable EU carbon price ahead of post-2030 ETS review
The EU should avoid ad hoc interventions in its Emissions Trading System (ETS), strengthen price-stability tools, and direct carbon market revenues into industrial decarbonisation as it prepares for the post-2030 period, the European power sector association said on Thursday.
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