News

An EU ETS for Political Survival: A Critical Analysis of the Upcoming 2026 Directive Revision

– 17 February 2026

Description

With the 2026 EU ETS revision on the horizon, regulatory risk is back in focus, and the balance between market discipline and political intervention is once again being tested.

Europe’s carbon market is heading into another defining moment. Less than four years after its last overhaul, the EU Emissions Trading System (EU ETS) is once again under review, this time framed not just around climate ambition, but around competitiveness and strategic autonomy.

For a market that has grown into an €800bn+ cornerstone of European climate policy, the stakes extend far beyond emissions targets. Regulatory signals are already shaping expectations, volatility, and positioning. In this article, we examine what the 2026 revision could mean for market stability, pricing dynamics, and the long-term credibility of Europe’s flagship decarbonisation tool.

Read the full article

Latest news

News

Carbon Quotas Under Pressure

May 4, 2026

The connection between Hormuz and the carbon market is indirect but clear: an energy shock raises gas prices, changes the energy mix, and limits economic activity, lea.....

Report

ICAP Emissions Trading Worldwide Report 2026

April 16, 2026

Every year, the ICAP Emissions Trading Worldwide Status Report lands as one of the most anticipated publications in the carbon markets space. It’s the kind of docume.....

Blog

UK ETS: Volatility, Linkage & the Price Question

March 31, 2026

On 15 January 2026, ICE Dec-26 UKA futures hit an intraday high of £75.45, closing at £72.88. The sterling-equivalent spread to Dec-26 EUAs had compressed to around.....

Switching to