Euro Markets: EUAs, UKAs rise 5% as market rebounds following EU ETS reform package
European carbon prices broke higher on Monday after a multi-week resistance target snapped and the market appeared to confirm that the European Commission’s EU ETS reform proposals had been broadly priced in ahead of the announcement, with UK carbon also up by over 5%, while gas locked in gains despite falling back from a three-month high seen in overnight trading as Iran and the US continued strikes.
Read MoreDATA DIVE: EU gas storage levels drop 10% YoY, injection rates also down
Gas storage levels in Europe are 10% lower year-on-year, with levels only hitting 50% in early July, as injection rates over the last three months are 15% lower than over the same period in 2025, according to statistics published by a European gas association.
Read MoreGerman ETS tweaks could push national CO2 price above €65, utilities warn
Germany’s planned reform of its national emissions trading system (nEHS) risks pushing carbon prices above the government’s intended €65 per tonne, with utilities and energy industry groups warning that higher-priced supplementary allowances will encourage speculative bidding and raise compliance costs.
Read MoreUK’s new PM faces battle over North Sea oil and gas drilling
The North Sea is set to become a new battleground for the UK’s net zero commitment, after the new prime minister’s team signalled plans to allow further oil and gas drilling.
Read MoreGlobal livestock dataset launched to improve dynamic environmental monitoring
Researchers have released a set of global annual maps of livestock distribution to help monitor environmental change, assess land-use impacts, and improve climate and biodiversity analyses, as part of a broader pasture data suite.
Read MoreFEATURE: Continued EU ETS exemption for most long-haul flights brings short-haul relief for CORSIA
The European Commission proposal to hold off on extending the Emissions Trading System (ETS) to all international flights is a welcome sign of certainty for the UN’s carbon offsetting scheme CORSIA – although ICAO, and market participants, worry the relief will be short-lived.
Read MoreEU Commission greenlights Latvia’s €617 mln plan to shield citizens from ETS2 impacts
The European Commission approved on Monday Latvia’s Social Climate Plan, which is designed to soften the impact of the bloc’s new carbon market for buildings and road transport.
Read MoreBrussels prepares ‘shopping proposal’ for removals and international credits going into EU ETS
The European Commission plans to set up an EU facility to centralise purchases of international carbon credits and domestic removal units that will enter the bloc’s Emissions Trading System (ETS) in the 2030s, officials told Carbon Pulse.
Read MoreBrussels clears Italian scheme that boosts indirect carbon cost compensation for heavy industry
Italy will more than double the amount it spends reimbursing energy‑intensive companies for higher power prices linked to carbon costs, after Brussels signed off on an expanded state aid scheme on Monday.
Read MoreBrussels ask EU states to delay methane penalties amid war-driven energy crisis
The European Commission has recommended that the EU 27 member states suspend penalties under the bloc’s landmark methane rules for three years, assuming that the current energy crisis requires a more flexible approach while leaving all compliance obligations intact.
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