Skip to main content

European Commission maintains EU ETS deadline despite delay calls

The European Commission has decided to maintain the 30 April 2020 deadline for European companies to surrender emissions trading system (ETS) carbon allowances, considering that the existing rules provide enough flexibility for companies to submit verified emissions reports around that date.

Under the EU ETS, power utilities, large industrials and airlines active in Europe have to report their annual ETS emissions by 31 March and have to surrender permits to cover emissions by 30 April. Some industrial lobbies have asked for delays in a context of shut factories - the Polish government also proposed to stop the entire ETS due to the coronavirus epidemic - while environmental groups fear delays might disrupt the carbon market.

EU ETS prices are plummeting due to the global economic shutdown; in March 2020, the average price fell by close to 40% from €25/tCO2 to €15/tCO2, a near two-year low. Such a low price may improve the profitability of coal- and lignite-fired power plants, which had to limit their operations against high carbon prices in 2019.

Global energy reports

Interested in Global Energy Research?

Enerdata's premium online information service provides up-to-date market reports on 110+ countries. The reports include valuable market data and analysis as well as a daily newsfeed, curated by our energy analysts, on the oil, gas, coal and power markets.

This user-friendly tool gives you the essentials about the domestic markets of your concern, including market structure, organisation, actors, projects and business perspectives.

Request a free trial Contact us