The European carbon market saw a modest rise in Friday’s trading, ending the session at €68.80 with a daily gain of €0.26. However, the week closed with a 3.7% decline, largely driven by significant losses on Thursday. As Carbon Pulse pointed out, this marked “the sixth weekly loss in eight weeks.”

The biggest news last week was France’s calls for the EU to introduce a “price corridor within the emissions trading system defined in accordance with the Union’s objective and to review the functioning of the market stability reserve in order to correct its imperfections.” The proposal was discussed during the Environment Council meeting on Thursday.

Additional remarks from Paulina Hennig-Kloska, Poland’s Minister for Climate and Environment and chair of the closed-door session, indicate that a coalition of countries is forming in support of adjustments to climate policy.

“One thing is certain, and that is that today’s meeting clearly showed that there is a will on the part of the Member States to work on solutions that will make the ETS less invasive towards price” said the Polish official, speaking to the reporters. 

Early Monday, the EUAs Dec’25 are trading comfortably below €68, despite rising gas prices, suggesting that the market’s attention remains on the increasing consensus among Member States supporting changes to the EU ETS design. However, with no clear timeline in sight, the discussion about introducing a price corridor remains nothing more than talk, at least for now,  as the review of the EU ETS is scheduled for 2026.