Europe’s emission trading system came under increasingly strong attacks from heavy industry this week. Then, on Wednesday, German Chancellor Friedrich Merz voiced support for a ‘delay’ if ETS1. The European Commission stood up in its defence, and so did French President on Thursday, when Merz also walked back on his earlier statements. Yet the support expressed by member state leaders is far from overwhelming. For champions of ETS, this was arguably the most horrible week ever, at least since the transition from the first pilot phase to the second trading period in 2008.
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.
Veyt specialises in data, analysis, and insights for all significant low-carbon markets and renewable energy.
