The CO2 Market 23.02.2021

The EU ETS Price

The price of the EUA certificate on the ICE ECX London opened this morning (23.02.2021) the EUA trade sessions at 38,30€ / tCO2, continuing its downtrend from Fiday (19.02) as nice weather conditions are coming in Europe.

The EU started the infringement procedure in Romania for the legislation on industrial emissions

The European Commission sent a letter of delay to Romania on Thursday, 18.02.2021, asking it to bring its national legislation in line with the EU Directive on industrial emissions. This letter of formal notice is, in fact, the formal opening of the infringement procedure. Romania now has two months to remedy the shortcomings identified by the Commission. Otherwise, the Commission may decide to send them a motivated warning.

“The Romanian legal system does not guarantee the implementation of key objectives of the Directive, especially that the installations can operate only if they have authorization. On the one hand, in the current form, the Romanian legal system provides very small and inadequate penalties, which do not prove the efficiency, the proportionality and the deterrence required by the Directive. On the other hand, the Romanian authorities fail to implement current legislation in a coherent administrative way, implementing the imposed sanctions “, underlines the European Commission. Profit.ro
 

Source: ICE ECX London & Profit.ro