MNI: Market Reaction of EU Environment Council Meeting

Download Full Report Here:

Executive Summary:

• The European Environment Council on 5 November agreed on the 2040 Climate Target and the 2035 NDC, as well as the EU ETS2 delay by one year.
• Reactions from market participants have been mixed especially on the delay of ETS2, with sharp criticism from pro-environmental groups, while some European parties are even pushing for further delays.