The agreement that has resulted from today's UK/EU summit(see here) includes several items that are relevant to energy Market Participants. These include: A commitment to explore connecting GB and UK…
The European Commission DG Energy has presented the REPowerEU plan, which is intended to reduce dependency on Russian fossil fuels and to accelerate other parts of the "Fit for 55"…
ESMA has released this final report on emissions allowances and associated derivatives. The report looks at the Emissions Trading Scheme (ETS) in Europe and how the process and markets in…
The UK’s Department of Business, Energy, and Industrial Strategy (BEIS) has announced that a standalone Emissions Trading Scheme (ETS) will run in the UK after Brexit, replacing the European ETS…
In 5 months' time, the UK will no longer be part of the European Union. With no deal agreed at this stage, many are now preparing for a "hard Brexit"…
While Brexit has been making general political headlines (for example see The Telegraph here), more sector specific issues are of key importance, if planning for March 2019 is to be…
MiFID II brings in some important changes to the applicability of financial regulation to Emissions Allowances under the ETS. In particular actual allowances are brought into scope with Annex I…
There have been a few developments and articles since our last post on the Emissions Trading Scheme: It has been reported that emissions capped by the ETS in 2014 have…
This week saw the launch of the EU Energy Union. This initiative sets out several objectives in order to further integrate the governance and running of the EU's energy strategy.…
The IETA (International Emissions Trading Association) have issued this useful presentation on the consequences of the change in treatment of emissions and instruments under the ETS in terms of MiFID II…