Shipping: The EU ETS and the Energy Complex
European Union Allowance prices strengthened in August as energy market volatility and industrial recovery bolstered demand for carbon credits within the maritime and power sectors.
Carbon prices in the European Union Emissions Trading System maintained an upward trajectory through August, according to a report from shipbroker Intermodal published by Hellenic Shipping News. Despite typical holiday liquidity drops, the December 2026 contract averaged over 82 euros per ton. This price stability is largely attributed to volatility in the natural gas market, where geopolitical tensions and competition for LNG shipments have driven up fuel costs and shifted utility demand toward carbon-intensive energy sources.
Intermodal Senior Analyst Nikos Tagoulis noted that improving economic indicators are further supporting demand for allowances. The manufacturing sector in the eurozone recently recorded its strongest performance in four years, marked by rising export numbers and increased factory employment. These industrial gains, combined with fuel-switching economics where coal becomes more competitive than expensive gas, have prompted utilities and manufacturers to secure more carbon permits to cover their projected emissions output.
The shipping industry faces growing compliance pressure as the maritime sector's integration into the carbon market continues to phase in. By 2026, vessel operators must surrender allowances for 70% of their verified emissions from the previous year, moving to full coverage by 2027. While investment funds have recently scaled back speculative positions, commercial entities are increasing their forward exposure to hedge against the rising costs of voyages governed by the environmental regulatory framework.
Future price directions will also be influenced by potential regulatory shifts and the possible linkage between the European and British carbon markets. A July proposal by the European Commission could potentially slow the reduction of the emissions cap after 2030, which might ease supply constraints. Additionally, a future connection with the UK trading system could expand the available pool of allowances, though the timeline for such an agreement remains uncertain following political changes in the United Kingdom.
Helena Marsh — Energy Markets Editor. Helena covers crude, refined products and the trading houses that move them, with a focus on price formation in the Mediterranean and Black Sea.
Articoli correlati
Elison della FMCSA torna a parlare di Motus, ancora nessuna data per la riparazione completa
Chattanooga–Non è passato molto tempo–meno di un mese–da quando Jesse Elison ha parlato a un evento del settore affrontando la questione del travagliato nuovo sistema di registrazione Motus. Il vice amministratore della Federal Motor Carrier Safety Administration (FMCSA) ha parlato lunedì al Broker Compliance Symposium di FreightWaves, una delle due sessioni giornaliere che fungono da preludio al più ampio Future of Freight Festival che inizia qui martedì. La notizia più importante della sua presentazione in realtà non è stata una notizia: dopo aver dichiarato alla National Motor Freight Traff
Gli autotrasportatori messicani avviano uno sciopero nazionale contro l'insicurezza stradale e l'aumento dei costi
Le aziende di autotrasporto messicane hanno lanciato lunedì uno sciopero nazionale a tempo indeterminato per protestare contro l'insicurezza sulle autostrade, il furto di merci, l'estorsione e l'aumento dei costi operativi, con manifestazioni previste nei principali centri logistici lungo il confine tra Stati Uniti e Messico. Lo sciopero, organizzato dalla National Chamber of Freight Transportation (CANACAR) e da altre organizzazioni di categoria, richiede manifestazioni in tutto il Messico, inclusi Nuevo Laredo, Reynosa, Monterrey, Tijuana e Città del Messico. Le proteste potrebbero interromp
L'amministrazione Trump presenta una strategia per il settore ittico per potenziare la flotta peschereccia statunitense e la produzione nazionale
L'amministrazione Trump ha presentato venerdì la sua America First Seafood Strategy, delineando i piani per rafforzare l'industria della pesca commerciale statunitense attraverso riforme normative, investimenti in pescherecci e infrastrutture a terra...