On 4 December, the UK ETS authority published responses to two key consultations concerning the design of ETS.
A draft document outlining preliminary benchmarks for the EU CBAM was circulated among market participants.
The UK Allowance (UKA) market reacted positively to the news.
Following intense debate and several last-minute amendments, MEPs seemed to have endorsed the compromise text adopted by the ENVI Committee earlier in the week.
The European Parliament has adopted the compromise text on the CBAM simplification framework laid out in the "Omnibus I" package.
These three consultations aim to provide much-needed clarity for businesses and stakeholders as the compliance period approaches on 1 January 2026
The UK ETS Authority published government’s responses to three consultations: the integration of Greenhouse Gas Removals in the UK ETS as well as the scope expansion to...
This proposal includes a binding 90% net reduction in emissions by 2040 compared to 1990 levels, with some flexibilities.
This linkage would exempt goods traded between the two regions from the Carbon Border Adjustment Mechanism (CBAM).