In a ‘non-paper’ released yesterday, the German government has put forward their priorities for the upcoming EU ETS review. Germany reiterates their support for the ETS as a system for decarbonising industry, while also emphasising the need for industrial support and planning certainty. Notably, the paper suggests willingness to consider limited international credit usage within the system, a softer LRF from 2036, and more lenient benchmarks.
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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