UK Carbon Gains as Starmer Speech Boosts Outlook for EU Linking

UK carbon futures jumped on Monday after Prime Minister Keir Starmer delivered a speech in which he promised closer ties with the European Union.

Movement toward a closer relationship between the UK and EU may boost the prospects for a deal to link the UK’s emissions trading system with the European mechanism that Britain left as part of the Brexit schism. The UK launched its own carbon market following the separation, which has traded at a discount to the EU equivalent.