More far right and eurosceptic MEPs voted into the European parliament last week means change could be in store for the EU’s carbon markets.
That’s according to analysts from Thomson Reuters Point Carbon who suggest energy and climate decisions will be “significantly influenced” by the election results.
Marcus Ferdinand, Head of EU Carbon Analysis said: “With the increased share of eurosceptic Parliamentarians, the majority in favour of tighter energy and climate policy – as well as a more ambitious EU ETS – is likely to become more unstable.”
Partly this could be down to new faces taking on energy roles, added Senior Policy Analyst Hæge Fjellheim.
She said: “The new composition of the Parliament will also lead to a shift of responsibilities of high profile MEPs, with influential MEPs leaving carbon market related topics to lesser-known colleagues, opening the possibility for new coalitions and compromises.”