China ETS: What the Approved 2025-26 Allocation Plan Locks In Aug 25, 2026 China has approved its 2025-26 allowance allocation plan, fixing benchmarks for power and the first full-year rules for steel, cement and aluminum. China ETS carbon allowances +2
Sept. 1 or Bust: California's Cap-and-Invest Rule Update Enters Its Final Review Window Aug 22, 2026 California's ARB resubmitted its Cap-and-Invest updates after a procedural issue, and the OAL still targets a Sept. 1 effective date. Positioning data shows the market is already moving. California Cap-and-Invest compliance market +2
China's Carbon Market Enters Statute: Fines and Suspensions for Non-Compliance Aug 18, 2026 China's new Ecological and Environmental Code, in force since 15 August, elevates the national ETS into statutory law with fines and suspension of operations. China ETS regulation +3
1.9 Billion Extra Allowances by 2040: The Supply Math of the EU ETS Phase 5 Proposal Aug 11, 2026 The European Commission's EU ETS Phase 5 proposal could add over 1.9 billion allowances by 2040. What drives the surplus and what it means for EUA buyers. EU ETS carbon allowances +2
