EMISSIONS: UKAs Rally on Relinking ETS Scheme Talks

The EU and the UK are giving “serious consideration” to linking the two carbon markets, Spencer Livermore, financial secretary to the Treasury, said, cited by Bloomberg. 

• The UK continues to explore all options to improve trade and investment with the EU, Livermore added.
• The news spurred a rally in UKAs with allowances surging above £40/ton CO2e the first time since 5 March.
• ICE UKA Dec25 up 5.5% at 40.6 GBP/MT