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13. October, 2026

Council debate on ETS show positions are wide apart

EU member states remain far apart on several core elements of the ETS reform, from the Linear Reduction Factor and free allocation to international credits and the future of ETS2.

The first formal ministerial debate has reinforced the divide between countries pushing for stronger climate ambition and those prioritising competitiveness and cost protection, complicating the path towards a Council position in December.

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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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