Merz urges EU to hold line on carbon market reforms amid growing opposition
German Chancellor Friedrich Merz has urged Brussels not to reopen the European Union's carbon market compromise, in a move that underlines growing political tension over the bloc's climate policy. In a letter seen by Euronews, Merz called for the EU to stand firm on reforms to the Emissions Trading System and to avoid further changes to its second phase. He said investment certainty was essential and warned that uncertainty could damage long-term planning in Europe's energy and industrial sectors.The intervention comes as the European Parliament and EU governments negotiate the European Commission's July 17 proposal to align the Emissions Trading... [Continue Reading]
360LiveNews | 12 Nov 2026 10:29 LONDON
As an Amazon Associate we earn from qualifying purchases.
COP31 to launch Global Carbon Market Network in Antalya on 12 November
A new global network will launch at the UN climate summit COP31 on 12 November in Antalya, Türkiye, with the stated aim of tackling fragmentation in carbon markets and channeling more investment into climate projects, particularly in developing countries. The Global Carbon Market Network is being convened by UN Trade and Development (UNCTAD). UNCTAD says the network will seek to strengthen links between carbon and capital markets, improve transparency and credibility, and facilitate cross-border transactions. UNCTAD said carbon markets remain fragmented across different standards, registries and trading systems. It added that concerns over credit quality, transparency and double counting have... [Continue Reading]
Breaking-360LiveNews | 11 Nov 2026 01:00 LONDON
