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EMISSIONS: EU ETS Needs Adjustment to Account for Residual Emissions

EMISSIONS
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The EU ETS needs adjustment to account for residual emissions after 2040, when allowance supply is expected to reach zero, a former European Commission official said at CCS Europe’s Webinar, cited by Montel.

  • That issue needs revisiting, as it's unlikely all ETS sectors, like aviation, will be fully decarbonised by then, according to former head of cabinet under climate action commissioner Connie Hedegaard Peter Vis.
  • Additionally, other speakers highlighted issues with the investment in CCS due to present carbon prices making it unviable.
  • EUA DEC 24 up 0.1% at 64.14 EUR/MT

 

 

 

 

 

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The EU ETS needs adjustment to account for residual emissions after 2040, when allowance supply is expected to reach zero, a former European Commission official said at CCS Europe’s Webinar, cited by Montel.

  • That issue needs revisiting, as it's unlikely all ETS sectors, like aviation, will be fully decarbonised by then, according to former head of cabinet under climate action commissioner Connie Hedegaard Peter Vis.
  • Additionally, other speakers highlighted issues with the investment in CCS due to present carbon prices making it unviable.
  • EUA DEC 24 up 0.1% at 64.14 EUR/MT