EU ETS intervention debate intensifies and weighs on prices

Speculation is rife about possible changes to the ETS ahead of next week’s European summit. A draft conclusion text, leaked on 10 March, highlights the need for “targeted solutions to ensure affordable energy”, while explicitly calling to “preserve the essential role of the EU ETS”. Some member states, most notably Italy and Germany, want concrete and immediate action on ETS. A news story today suggests the European Commission is warming up to the idea.