The European carbon market traded lower for most of yesterday’s session before staging a sharp late-day rebound. The EUA Dec ’25 contract settled at €75.39—more than €2 above its intraday low—marking its highest close since mid-February.
According to a poll released Wednesday by Montel News, the EUA December 2025 contract is now expected to average around €77 this year. This marks a significant rise from the 2024 average of €66.5, as reported by Veyt.
The European carbon market closed lower on Tuesday, ending a six-day winning streak during which EUAs gained around €4. The price declined by a substantial 2.12%, tracking similar losses in the gas market. The TTF front-month contract dropped by 2.72% following news of a new gas supply deal with Azerbaijan.
The European carbon market extended its positive momentum for a sixth consecutive day on Monday, as investors continued to take advantage of the holiday period when the market tends to be less liquid, creating opportunities for larger price movements.
The most recent weekly report of the Commitment of Traders (CoT), published by the ICE platform on Wednesday, revealed that investment funds have reduced their net long positions (long term positions – short term positions ) to 16,9 million allowances, down by nearly 5% compared to the previous report, primarily due to an increase in […]
U.S. President Donald Trump returned to focus on Friday with new tariff threats, causing declines across commodity and financial markets. His latest move was to double tariffs on imported steel and aluminum from 25% to 50%, effective June 4.
According to the weekly Commitment of Traders (CoT) report published by ICE, investment funds increased their net long positions in EUAs to 17.8 million allowances as of last Friday—up nearly 6% from the previous week.
The European Commission announced on Wednesday its annual estimate of the Total Number of Allowances in Circulation (TNAC) for 2024, a key indicator for determining the volume of EU Emissions Trading System (EU ETS) allowances to be placed in the Market Stability Reserve (MSR).
The European Commission’s assessment of National Energy and Climate Plans (NECPs) shows that Member States are on track to reduce net emissions by 54% by 2030, compared to 1990 levels. However, the Commission emphasized that reaching this milestone depends on the full implementation of both national and EU-level measures.
A bullish turn in the European carbon market on Monday came as no surprise following news that President Trump had once again reversed course on tariff threats, postponing them until July 9.