The European market for CO₂ emission allowances is increasingly at the centre of the debate on industrial competitiveness and the energy transition.
In an article published by Moneta Settimanale, Valeria Panigada examines some of the main critical issues surrounding the European Emissions Trading System (ETS), also featuring comments from our Angelo Messore.
Angelo focused in particular on the role of financial intermediaries in the emissions allowance market. In 2022, the European Parliament had proposed banning their operations in order to limit potential speculative dynamics, but the measure was ultimately not included in the final version of the directive.
As Angelo notes, “the risk is that restricting the role of intermediaries could reduce liquidity and undermine the proper functioning of the market.”
European authorities are therefore considering alternative solutions, including possible measures affecting the rules governing the supply of allowances.
Read the full article on Moneta >
