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 move is viewed as slightly bullish by UKA market participants.
Notably, the amendment allows for the international use of Article 6 credits to meet up to 3% of the EU’s 1990 emissions.
This proposal includes a binding 90% net reduction in emissions by 2040 compared to 1990 levels, with some flexibilities.
IMO Member Nations approved a two-tiered carbon pricing mechanism and fuel standard, by adopting a draft amendment to Annex VI of the MARPOL Convention.
European carbon markets have remained under intense pressure following the reciprocal tariff announcements on 2 April, which triggered significant volatility across global...
On April 2, 2025, President Donald Trump announced a sweeping “reciprocal tariff” policy that turned out to be significantly tougher than many had anticipated.
An overview of EU ETS 2, including its regulatory framework, market mechanisms, projected impact, and challenges that could shape its future.