Market Chatter: EU, UK Reportedly Close to Finalizing Carbon Market Link Deal

11:52 PM EST, 11/08/2026 (MT Newswires) -- The European Union and the UK are said to be finalizing a deal to link their carbon trading systems and enable cross-border permit trading to improve liquidity and reduce carbon border tax burdens, Bloomberg News reported Sunday. Citing people familiar with the matter, the news outlet said the deal, expected to be announced at a November summit, would also allow mutual permit recognition for compliance. Sources told Bloomberg that negotiators agreed on terms related to emissions caps, supply controls and free permits, while financial derivatives remain the sole outstanding issue. The European Commission did not immediately respond to a request for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)