Yann Andreassen — 1310 GMT: Overall, the new post-2020 EU ETS rules — through an increase of the linear reduction factor (LRF) to 2.2 % together with more stringent
post-2020 free allocation rules — will translate into reduced long positions alongside more and higher short positions.
Europe's heavy industries fear the European Commission's
post-2020 ETS reform proposal will bring increasing costs for them, as it cuts their
free allocation of CO2 allowances by a quarter while potentially trebling the market price of any additional units they will need to buy.