In a preliminary report published on Thursday (19 November), the European Securities and Markets Authority (ESMA) found no proof of illegal market speculation in the EU's carbon trading market (the emissions trading system, ETS).
In October, the European Commission asked ESMA to track any possible market manipulation, after accusations hedge fund speculators drove up pri...
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Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.