The 2023 TNAC for EU ETS was largely in line with market expectations, JP Morgan said in a note.

  • The European Commission announced the TNAC on the European carbon market on 1 June, with a total of 266,816,768 allowances to be placed in the MSR over a 12-month period from 1 September 2024 to 31 August 2025. The 2023 TNAC stood at 1,1111,736, 535.
  • EUA prices continue to take direction from TTF prices, the note said.

EMISSIONS: TNAC in Line With Market Expectations: JP Morgan

Last updated at:Jun-04 12:45By: Felicia Grosse

The 2023 TNAC for EU ETS was largely in line with market expectations, JP Morgan said in a note.

  • The European Commission announced the TNAC on the European carbon market on 1 June, with a total of 266,816,768 allowances to be placed in the MSR over a 12-month period from 1 September 2024 to 31 August 2025. The 2023 TNAC stood at 1,1111,736, 535.
  • EUA prices continue to take direction from TTF prices, the note said.

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