EU carbon market roiled by intervention rumours
European Commission has expressed concern about speculators driving up prices in the ETS
European carbon prices were sent spinning last week by media reports that the European Commission was considering ways to limit speculative activity in the market. Prices plunged by €2.54 ($3.09), or 6pc, after an article published last Thursday by Bloomberg suggested the market regulator was mulling “introduc[ing] a limit on the number of CO2 allowances that can be held by investors in a central registry of the Emissions Trading System (EU ETS).” Prices recovered later after the European Securities and Markets Authority said it was not aware of any initiative by the Commission to impose additional position limits on EUAs—but the fall reveals nervousness in the market. Front-year EU emission
Also in this section
29 April 2024
Decarbonisation push and shifting multilateral trade policy sharpens continent’s need for carbon trading
29 April 2024
Canada’s oil sands producers need policy certainty to make the multibillion-dollar investments needed to achieve net zero, Pathways Alliance president Kendall Dilling tells Carbon Economist
25 April 2024
Carbon capture rates forecast to rise steadily from end of decade, but policy tools to drive large-scale deployment have yet to take shape, according to DNV
23 April 2024
Europe must unlock cross-border CO₂ trade if it wants to build a viable CCS sector for the long term