Report

ESMA EU carbon markets report 2024

– 7 October 2024

Description

The revision of the EU Directive governing the EU ETS mandates the European Securities and Markets Authority (ESMA) to ensure the integrity and transparency of the European carbon market.

This includes monitoring market volatility, price trends, auction operations, trading activities in emission allowances and derivatives (including over-the-counter trades), as well as assessing liquidity, trading volumes, and the behavior of market participants, including financial intermediaries’ positions.

To fulfill this responsibility, ESMA publishes an annual EU carbon market report with comprehensive insights and analysis. The report is structured as follows:

  • Section 1: Focus on carbon prices and market volatility.
  • Section 2: Examination of auction processes.
  • Section 3: Analysis of secondary market trading.
  • Section 4: Insights into derivatives market positions.

By highlighting key areas such as carbon market trends, regulatory oversight, and trading behavior, this document offers valuable insights for stakeholders and policymakers navigating the evolving European carbon market landscape.

Download the full report

Latest news

expensive gas News

Germany’s CO2 Price for 2027 Could be Higher Than Expected

March 24, 2026

Germany’s national CO₂ pricing system (nEHS) was a true pioneer, tackling emissions from road transport and heating. Its success helped inspire the EU’s expansio.....

Podcast

Carbon at the Border: Strategy in the CBAM Era

March 2, 2026

In this episode of Carbon Trading Chronicles, we explore how CBAM works in practice, with insights from Sarah Hay (Norsk Hydro) and Bjorn Bojessen (Vertis).

News

Europe’s Emissions Trading System in the Spotlight: Its Future Hinges on Industry Pressure

February 18, 2026

As the 2026 review of the EU ETS approaches, policy uncertainty is resurfacing, putting the equilibrium between market discipline and political discretion under renewe.....

Switching to