European citizens have a diminished perception of the EU’s Emissions Trading System (ETS). A recent survey carried out by CAPABLE, an EU-funded initiative, together with the Institute of Environmental Science and Technology at the Universitat Autònoma de Barcelona (ICTA-UAB), reveals that Europeans hold mixed views on 15 climate change policies.
In Tuesday’s session, the European carbon market rose to its highest level since mid-February, with gas prices struggling to keep pace. EUA Dec ’25 settled at €77.51, gaining nearly €2 in just three days.
After reaching a new eight-month high of €77.58 on Wednesday, the European carbon market failed to sustain its gains. EUAs closed Friday’s session at €75.77, recording a modest daily increase of €0.23 but ending the week down 0.36%, their first weekly loss since mid-August.
The European carbon market rally lost momentum on Thursday, with EUAs closing at €75.54 after a 2.02% drop — the steepest in six weeks — wiping out all of last week’s gains.
Bloomberg reports that the International Energy Agency (IEA) expects global LNG production to rise by 7% next year — the largest increase since 2019 — driven mainly by new U.S. facilities nearing completion.
The latest Commitment of Traders (CoT) report from the ICE platform reveals that, at the end of last week, investment funds expanded their net long positions to a massive 54.2 million allowances, leading to an impressive 70% weekly rise.
The upward momentum from last week, which delivered a 4.2% weekly gain, carried into Monday on the European carbon market. EUAs climbed as high as €77.32 before settling with a 1.49% daily increase.
According to a new report from the environmental think tank Sandbag, supported by the Konrad-Adenauer Foundation, the EU’s Carbon Border Adjustment Mechanism (CBAM) in its current form would remove 246 million free allowances per year compared to 2023.
The European carbon market ended lower on Friday but still posted a weekly gain of 2.6% in what was described by Carbon Pulse as a very calm session, with EUAs trading “in the narrowest daily range in four years.”
On the European carbon market, prices edged higher on Wednesday, supported by stronger gas. The EUA Dec’25 contract touched an intraday high of €71.54 before closing at €71.29, a modest daily gain of €0.13.