UK Allowance (UKA) prices rallied sharply after a POLITICO report that the UK and the EU have reached an agreement to link their emissions trading systems
It's theme is a balancing act: aligning the EU ETS with a 90% greenhouse gas reduction target for 2040, while providing essential relief to ensure Europe’s industrial …
UKA Dec-26 fell as much as 2.23% to a session low as the market weighed the risk of a delay to the July 22 UK-EU summit in Brussels.
This result paves the way for the start of free allocation by national ETS authorities from late July.
The draft rules clarify how carbon prices paid in third countries can reduce CBAM obligations, including formulas, default values, and carbon credit limits
This follows a series of escalating interventions across member states.
Traders interpreted the comments as a political risk to the integrity of the EU ETS, triggering a sell-off at the open.
The proposal to amend the Market Stability Reserve (MSR) introduces several targeted adjustments aimed at ensuring a smoother, more predictable start to the market.
A draft document outlining preliminary benchmarks for the EU CBAM was circulated among market participants.