EMISSIONS: EU-UK ETS Link Will Most Benefit the UK’s Iron, Steel, Power Industry
Mar-12 16:26
The EU-UK ETS linkage will benefit the UK’s iron, steel and electricity sectors the most, as they are most exposed to EU CBAM, according to UK trade statistics.
- EU CBAM charges would be the difference between EU ETS price and UK ETS price. Therefore, a linkage between both systems will have an impact to the UK companies’ carbon costs.
- From 1 January 2027, direct emissions and indirect emissions from imported steel, aluminium, cement, hydrogen and fertilizers will face costs under the EU CBAM – if domestic costs for emissions are below the UK’s ETS.
- Indirect emissions will face an additional £18/ton CO2e on top of the UK’s carbon price.
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
FED: US TSY 13W AUCTION: NON-COMP BIDS $2.291 BLN FROM $84.000 BLN TOTAL
Feb-10 16:15
- US TSY 13W AUCTION: NON-COMP BIDS $2.291 BLN FROM $84.000 BLN TOTAL
FED: US TSY 26W AUCTION: NON-COMP BIDS $1.838 BLN FROM $72.000 BLN TOTAL
Feb-10 16:15
- US TSY 26W AUCTION: NON-COMP BIDS $1.838 BLN FROM $72.000 BLN TOTAL
US DATA: NY Fed Near-Term Inflation Expectations Bely U.Mich Jump
Feb-10 16:13
- The NY Fed consumer survey saw 1Y and 3Y inflation expectations unchanged in January at 3.0% although the 5Y bounced three tenths after a two tenth decline to 3.0% for its highest since May.
- 1Y inflation expectations have been particularly steady in recent months, averaging 3.0% since June in a 2.9-3.0% range.
- That’s in contrast to the U.Mich equivalent which has ramped up to 4.3% as of last week’s preliminary February release after 3.3% in July, but does have a pronounced issue with partisanship. It was 2.8% prior to Trump’s inauguration and 2.7% prior to the November presidential election.
- That said, the NY Fed’s 5Y metric is likely to be watched from here, with the 3.0% at joint highs for the limited history back to Jun 2022.
