Speculative investors have slightly reduced their net long positions in carbon allowances for the third consecutive week as of last Friday. Bullish bets totaled 14.93 million allowances—the lowest level since early May—according to the latest Commitment of Traders report released by ICE Exchange.
The European carbon market extended its decline on Monday, marking the fourth consecutive session of losses. The EUA December 2025 contract ended the day at €69.83, its lowest close of the month so far.
On Friday, the European carbon market dipped below €70 for the first time this month, breaking through resistance after several failed attempts, in line with a broader decline in European energy-related markets.
Ten analysts surveyed by Reuters have slightly lowered their price forecast for the European carbon market in the third quarter of this year. EUAs are now expected to average €73.54, down from €76.10 projected in April.
The week opened with falling prices on the European carbon market, as EUAs initially reacted to President Trump’s announcement of new 30% tariffs on EU imports set to take effect next month. However, the market quickly recovered early losses, likely driven by increased compliance demand, before closing the day at €70.42, down just €0.13 from […]
According to Ember’s monthly electricity data, solar became the EU’s largest source of electricity for the first time in June, marking a significant milestone in the region’s transition from fossil fuels to clean energy.
In Carbon Pulse’s latest quarterly survey, analysts have raised their EU carbon price forecasts for the remainder of the decade, citing structural market tightening as a key driver.
According to the weekly Commitment of Traders (CoT) report published by ICE on Wednesday, investment funds increased their net long positions in EUAs to 18.9 million allowances as of last Friday—up nearly 21% from the previous week—suggesting growing optimism among speculators regarding the outlook for EUAs.
In April, the European Commission launched a 12-week public consultation as part of its evaluation of the EU Emissions Trading System (EU ETS) and the Market Stability Reserve (MSR), with a legislative proposal expected in the third quarter of 2026.
With compliance deadlines just around the corner, Energy Aspects, as cited by Montel News, forecasts a 10% rise in carbon prices during the third quarter of this year, with average levels expected to hover around €75 per tonne.