There are no major deficiencies in how the European Union's market for carbon emissions operates, but tighter controls could improve transparency and monitoring, the EU's securities watchdog said on Monday.
The market, made up of a primary market of allowances and a secondary market of mainly derivatives based on allowances, puts a price on the carbon dioxide that companies emit and is a key tool for cutting greenhouse gas emissions.echoed conclusions from a preliminary assessment last November which followed accusations that hedge funds were speculating in the European Trading System, a market that accounted for 8.1 billion tonnes or 90% of global carbon market value in 2020.
Positions by investment funds remain limited, and principally held by funds based outside the bloc, it said. The watchdog proposed more comprehensive "management" of positions in the market for allowance derivatives and closer tracking of transactions.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
It's Official: EU Says No to Provisions Restricting BitcoinEU's heavily debated MiCA regulation is moving forward but without the provisions of the PoW ban.
Weiterlesen »
Proposed EU law could force WhatsApp and iMessage to work togetherAt the moment, if you use WhatsApp and want to chat with a friend on iMessage, you can't. A proposed EU law aims to change that, but could weaken encryption security.
Weiterlesen »
It’s Official: EU Says No to Provisions Restricting Bitcoin⬆ +13 It’s Official:EU Says No to Provisions Restricting Bitcoin $BTC bitcoin cryptocurrency XBT
Weiterlesen »
EU envoy in Tehran amid hopes to restore nuclear agreementA leading European Union diplomat was holding talks in Tehran amid hopes that an agreement to restore Iran’s tattered nuclear deal with world powers could be completed
Weiterlesen »
EU Cracking Down on Unhosted WalletsThe European Union is close to banning anonymous cryptocurrency transactions to make it easier to track down criminals
Weiterlesen »
US, EU announce new partnership to undercut Russian energyBRUSSELS (AP) — The United States and European Union on Friday announced a new partnership to reduce the continent’s reliance on Russian energy, a step top...
Weiterlesen »