On April 15, ISDA and 41 other trade associations sent letters to UK government and the European Commission highlighting the importance of linking the new UK Emissions Trading System and the EU’s Emissions Trading System as soon as practicable. Linkage will benefit both parties, and allow both the UK and EU to reach net zero faster and more cost effectively. The advantages of linkage are clear in terms of liquidity, price discovery and the ability to attract abatement from across a larger area. It would also create a level playing field in terms of carbon pricing, avoiding competitive distortions and leading to aligned cost implications for the industry across the UK and European Economic Area.
Documents (2) for Joint Trade Associations Letter on Linkage between UK and EU Emissions Trading Systems
Latest
Joint Letter on Simplification of EU Taxonomy
On October 6, ISDA, the Association for Financial Markets in Europe (AFME), the European Fund and Asset Management Association (EFAMA), the European Association of Co-operative Banks (EACB) and the European Banking Federation (EBF) published a policy statement in support of...
Paper on Removal of SI Regime
On October 10, ISDA, the Association for Financial Markets in Europe (AFME) and the International Capital Market Association (ICMA) published a paper on the practical implications of the recent discontinuation of the systematic internalizer (SI) regime for derivatives, bonds and...
ISDA Analysis to ESMA on Reporting Costs
ISDA has submitted to the European Securities and Markets Authority (ESMA) an analysis of the costs of regulatory reporting, which proposes where savings can be made most effectively. This document supplements the recent response submitted by ISDA, the Association for...
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