ESMA Publishes Final Report on the EU Carbon Market


From Dr Mike Azlen, Founder & CEO of Carbon Cap Management, ‘ESMA released the results of their study of the integrity of the European Carbon market and I was very pleased to see the conclusion that the market is functioning as it should with a good mix of both compliance entities and financial actors. Recognition that financial actors provide crucial liquidity and price discovery to the market to allow it to operate efficiently is consistent with a wide body of empirical evidence and acadmic research that confirms this across many commodity markets.’