Wednesday, 09 November 2022
Summary
Today and tomorrow the Parliament will debate and then vote on REPowerEU. EU ETS market participants will be closely watching the amendments on funding drawn from EUA sales, however the vote is expected to confirm the plan opined by the ENVI committee. The trilogue negotiations, expected to begin late November/early December, will hinge on the source of EUAs to be monetized to fund the plan. Regardless of which option or compromise is ultimately adopted, prices are expected to be depressed by oversupply early in phase 4 and buoyed later in the decade by MSR intake.
Context
On 9 November at 15:00 CET, the European Parliament will take up debate on the REPowerEU plan. On 10 November beginning at 11:00 CET,
Interested in Green Certificate pricing, insights and analytics?
Contact us to get a free trial.