With the announcement of UK elections, the Conservative government is expected to be replaced by Labour. Labour’s agenda is expected to be more ambitious on climate and more EU-friendly. For the UK ETS, this news is bullish as linking with the EU ETS is viewed as more likely under a new government, encouraging price convergence and eliminating CBAM risk.
General election announced: Yesterday (22 May), UK Prime Minister Rishi Sunak announced that a snap election would be held on 4 July, 2024. Though UK law requires an election be called before the end of January 2025, the announcement of an election so ear…
A weekly cap of what moved EUA prices and a clear view of the week ahead. We set out the drivers, their directional impact, and what matters next.
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