Tag: Carbon Allowances

EU lawmakers kept the MSR invalidation mechanism but raised its threshold from 400m to 650m allowances from March 2027. Implications for EUA supply and prices.

Germany opposes the Commission's plan to halve the MSR intake rate to 12% as the EU ETS overhaul heads to a December Parliament vote. What it means for EUA prices.

California's OAL approved the Cap-and-Invest overhaul on Aug. 31. With Quebec's rule already gazetted, both WCI anchors now operate under locked regulations.

Japan has proposed the market design for GX-ETS allowance trading, opening access beyond covered emitters ahead of a fall 2027 trading launch.

Turkey's ETS regulation entered into force on August 27, 2026, fixing allowance design, benchmark-based free allocation, offset use and penalty levels.

The UK ETS Authority has dropped the 2028 start date for bringing waste incineration into carbon pricing, with a new timeline still to come.

China has approved its 2025-26 allowance allocation plan, fixing benchmarks for power and the first full-year rules for steel, cement and aluminum.

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.

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.

The European Commission's EU ETS Phase 5 proposal could add over 1.9 billion allowances by 2040, an environmental think tank estimates. What drives the surplus and what it means for EUA buyers.