In case you weren’t able to attend our 3rd annual Carbon Forward conference and training day in London on 16-18 October 2018, below is a summary of the articles Carbon Pulse wrote based on the event and its stellar line-up of speakers.
**Free read** – The UK will be excluded from participating in the EU ETS under a ‘no deal’ Brexit scenario, the government announced late on Friday.
The UK will exit the EU carbon market in late March 2019 if Brexit negotiators fail to strike a divorce deal, the British government said in a notice late Friday, while also suggesting UK entities consider opening registry accounts on the continent to retain access to their emission unit holdings.
It will be “utterly impossible” for the UK to remain in the EU ETS post-Brexit, a senior European legislator said Wednesday, arguing that the relinquishment of control involved by British government in such an option makes it politically unfeasible.
Analysts expect EU carbon prices to soar over the next decade, but they differ vastly by how much as they factor in this year’s faster-than-expected tripling of EUA values and the impact of a cadre of new speculators.
EU lawmakers are expected to resist Poland’s call to intervene to dampen soaring carbon prices, but may step in if prices surge again or more member states complain, a conference heard on Wednesday.
Switzerland will start buying its first international credits next year to help meet its emission goal under the Paris Agreement, marking one of the first trades under the pact, an official said Thursday at the Carbon Forward 2018 conference in London.
Data showing record open interest on EU carbon allowance futures and options this year is misleading, Carbon Pulse has learned, with the potential volume to be delivered later this year far below what one exchange is currently reporting, leading to anger amongst some market participants.