The most recent Commitment of Traders (CoT) report, published by ICE this morning, revealed that investment funds cut their net long positions (longs minus shorts) to 20.2 million allowances, down from 28.8 million the week before.
According to a recent Eurostat report, emissions in the European Union rose by 3.4% in the first quarter of this year compared with the same period in 2024. This marks the second consecutive quarter of rising emissions, following a 2.2% increase in the final quarter of 2024.
Ahead of the Trump-Putin summit and following sharp declines in energy-related markets, the European carbon market also moved lower, though at a more moderate pace. On Friday, EUA Dec’25 closed at €70.68, its lowest in three weeks, recording a daily drop of €0.28 and a weekly decline of 3.46%.
According to the International Energy Agency (IEA), gas-fired power generation in the European Union rose by roughly 20% in the first half of this year compared with the same period in 2024. Coal-fired generation also increased, though more modestly, by about 3%.
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 17 million allowances, up from 14.95 million the previous week.
Yesterday, the European carbon market experienced a strong rebound, with the EUA Dec’25 contract climbing 3.44% to settle at €73.08—the highest closing level since June 24. Trading activity also saw a notable increase, with 32 million allowances exchanged, a volume not seen in the past five weeks.
On Monday, the European Energy Exchange (EEX) published the revised 2025 auction calendar along with the newly introduced 2026 schedule. The update reflects adjusted volumes due to reductions by the Market Stability Reserve (MSR), based on the 2024 Total Number of Allowances in Circulation (TNAC), released by the European Commission in May.
The European carbon market rose for a third consecutive day on Friday, with the EUA Dec ’25 contract closing at €71.34, marking an impressive weekly gain of 2.07% as trade tensions showed signs of easing. Trading activity was subdued, with only 17.4 million allowances exchanged—the lowest volume since the U.S. Independence Day holiday on July […]
The European carbon market had a strong start on Thursday morning, responding bullishly to news that the EU is making progress in trade negotiations with the US. However, as ClearBlue Markets noted, “the morning rally on tariff deal optimism was proven to be short-lived,” with EUAs slipping back below €70” in the afternoon.
After five straight days of losses, the European carbon market rebounded on Wednesday, driven by news late Tuesday of a trade agreement between the US and Japan, followed by reports suggesting a similar deal with the EU is in progress.