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Leading European Industrial Companies Urge EU Executive to Extend Free Allocation Beyond 2034
Nearly 80 industrial companies “across all sizes and sectors,” representing around half a million employees in Europe, are lobbying for an extension of free allocation under the EU Emissions Trading System (ETS) beyond the current phase-out date, amid the gradual implementation of the Carbon Border Adjustment Mechanism (CBAM).
Speculators Continue to Build Net Long Positions, Nearing Record Highs
According to the latest Commitment of Traders report just released by ICE, investment funds participating in the European carbon market raised their net long positions to 94.7 million allowances in the week ending October 17, marking a 4.3% increase compared with the previous week.
Leading European Industrial Companies Urge EU Executive to Extend Free Allocation Beyond 2034
Nearly 80 industrial companies “across all sizes and sectors,” representing around half a million employees in Europe, are lobbying for an extension of free allocation under the EU Emissions Trading System (ETS) beyond the current phase-out date, amid the gradual implementation of the Carbon Border Adjustment Mechanism (CBAM).
Speculators Continue to Build Net Long Positions, Nearing Record Highs
According to the latest Commitment of Traders report just released by ICE, investment funds participating in the European carbon market raised their net long positions to 94.7 million allowances in the week ending October 17, marking a 4.3% increase compared with the previous week.