ESMA's Preliminary Report on EUAs and Related Derivatives

On 15 November 2021, ESMA published a Preliminary Report on Emission Allowances and derivatives thereof. This was requested by the Commission as part of a push to step up market surveillance of energy markets following the rise in global energy prices.

Although this is only a preliminary report and so doesn’t contain any concrete proposals for legislative change, it does set out a useful summary of the relevant regulation and recent market developments.

Read more in our summary of the ESMA Carbon Market Preliminary Report below.