Traders interpreted the comments as a political risk to the integrity of the EU ETS, triggering a sell-off at the open.
The European Commission seeks to protect the agricultural sector from the potential economic impacts of (CBAM).
CBAM will charge fees on the embodied carbon found in imports of cement, aluminum, electricity, hydrogen, fertilizers, and iron and steel.
The European Commission has published long-awaited detailed rules for CBAM implementation ahead of the official start of the definitive phase on 1 January
The revised EU Default Values and provisional benchmarks are the hot topic across the CBAM community this week
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.
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.