Average temperatures this year are on the verge to breach the 1,50C limit outlined in the Paris Agreement

Ahead of this week’s UN climate conference COP29, the European Union’s Copernicus Climate Change Service (C3S) published its climate bulletin, reporting on the changes observed in air and sea temperatures.

Pretul carbonului s-a redresat pe fondul cresterii cotatiilor la gaz

Piata europeana de carbon s-a redresat joi, dupa minimul ultimelor doua saptamani atins in sedinta anterioara, pe fundalul cresterii cotatiilor la gaz. Contractele EUA Dec’24 s-au tranzactionat ultima data la 66,04 euro, in crestere cu 3,6% fata de inchiderea de miercuri, atunci cand preturile au reactionat intr-un mod negativ la realegerea lui Donald Trump.

Carbon prices rebounded in line with related gas

The European carbon market rebounded on Thursday from the previous sessions’ two-week low, in line with related gas. The EUA Dec’24 contract last traded at €66,04, up 3,6% from Wednesday’s settlement when prices reacted to the negative sentiment triggered by Donald Trump’s reelection.

Last week, speculative traders reduced their bets on falling carbon prices

According to yesterday’s latest Commitment of Traders (CoT) data, investment funds cut their short position last week by almost 13%, from 56,5 million allowances to 49,7 million allowances. Meanwhile, speculators have reduced their long positions as well,  from 41,4 million allowances to 39,3 million.

Saptamana trecuta, traderii speculatori si-au redus pariurile pe scaderea pretului la carbon

Potrivit datelor din ultimul raport Commitment of Traders (CoT), saptamana trecuta fondurile de investitii si-au redus pozitiile pe termen scurt cu aproape 13%, de la 56,5 milioane de certificate la 49,7 milioane de certificate. In acelasi timp, speculatorii si-au redus pozitiile pe termen lung de la 41,4 milioane de certificate la 39,3 milioane de certificate.

European carbon market weakens as Trump claims victory

The European carbon market dropped to its two weeks low early Wednesday in response to Donald Trump’s victory in the US Presidential election. The market is factoring in Trump’s promises to pursue a radical shift for the US on climate policies put in place under the Biden Administration.