EU lawmakers agree position on Market Stability Reserve for ETS2
The European Parliament’s environment committee endorsed on Monday a provisional agreement to strengthen the Market Stability Reserve (MSR) for the EU’s new emissions trading system covering buildings and road transport (ETS2), paving the way for final approval in plenary.
Read MoreEU lawmakers vote to extend CBAM to more than 400 downstream products
Lawmakers in the European Parliament’s environment committee (ENVI) voted to extend the EU’s Carbon Border Adjustment Mechanism (CBAM) to more than 400 product codes on Monday, as well as for tougher anti-circumvention measures.
Read MoreEU lawmakers agree to widen carbon leakage fund to downstream sectors, restrict aid to exports
Lawmakers in the European Parliament’s environment committee (ENVI) voted on Monday to extend carbon leakage financial support to downstream sectors, cement, cereals, and more fertilisers, while they limited support to the exported share of production.
Read MoreEuro Markets: EUAs race up to test technical resistance after strong buying wipes out early decline
European carbon prices broke out of their recent range and raced to a seven-day high as a burst of aggressive buying in the afternoon clawed back the morning’s losses and drove the market to a key technical resistance level.
Read MoreVCM REPORT: CORSIA edges back to $10/t ahead of EU assessment, analysts revise down demand outlook
Benchmark ICE CORSIA futures bounced back towards $10/t last week, climbing from two-year lows, as the European Commission’s assessment of the international aviation offsetting scheme that will affect the participation of EU carriers inches closer.
Read MoreICAO attempts to ward off criticism of CORSIA, urges member state cooperation
The International Civil Aviation Organization (ICAO) is warning against fragmenting carbon regulation for the global aviation industry ahead of the EU assessment of CORSIA due for publication this month.
Read MoreUK needs national cooling plan to avoid carbon lock-in, report says
The UK risks locking in higher emissions unless it develops a national cooling strategy that limits demand for air conditioning, a London-based non-profit warned on Monday.
Read MoreEU ETS maritime CO2 emissions slip in 2025 despite rise in overall sectoral output
CO2 emissions from ships covered by the EU’s monitoring, reporting, and verification (MRV) system rose modestly in 2025 year-on-year, according to preliminary data, but the share falling within the scope of the Emissions Trading System (EU ETS) edged lower compared to 2024 levels.
Read MoreEV sales in UK surge in June, but fall short of target needed for UK climate goals
New electric vehicle car sales in the UK surged in June to take 30% of the market, but still fell short of the government’s Zero Emission Vehicle (ZEV) mandate, data showed Monday.
Read MorePartial ecosystem collapse could increase sovereign debt payments by $162 bln/year -study
Under a partial ecosystem collapse scenario, biodiversity loss and deforestation decrease GDP and sovereign credit ratings across 23 countries, resulting in at least $162 billion per year in excess sovereign debt payments by 2030, according to a peer-reviewed study.
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