Following a 1.87% decline on Monday—the largest one-day loss in two months—EUA prices staged a recovery in Tuesday’s trading session. The rebound came after a senior lawmaker on climate policies dismissed the false reports that had triggered Monday’s sell-off.
Despite a brief rebound at the beginning of the week, the European carbon market failed to sustain upward momentum, trading sideways for the remainder of the week and closing on Friday at €80.28, down a marginal 0.37% on the week.
As a heatwave grips France, with temperatures reaching exceptional levels, EDF, the French state-owned utility that operates 57 reactors across 19 nuclear power plants—has been forced to reduce nuclear output by almost 10%.
Polish utility PGE (Polska Grupa Energetyczna) remained the largest corporate emitter under the EU Emissions Trading System (EU ETS) last year, according to the latest Carbon Market Data rankings. The company has held the top spot for the past three years and has consistently ranked among the three largest corporate emitters covered by the EU […]
According to the latest Commitment of Traders (CoT) report published by ICE on Wednesday, investment funds sharply expanded their net long position (long positions minus short positions) in European carbon allowances (EUAs) during the previous week, signalling growing confidence in higher carbon prices.
The European carbon market continued to strengthen on Monday, with EUA Dec-26 prices settling at €81.57, up €0.99 from the previous session. Prices accelerated higher in late trading, reaching their highest closing level since February 10.
European carbon prices ended Friday’s session at €80.58, their strongest settlement in three weeks, posting a 4.4% weekly gain as the market consolidated after the sharp upside move seen earlier in the week.
Three of Europe’s largest steel producers—ArcelorMittal Europe, Thyssenkrupp Steel, and Voestalpine, which together account for around 60% of Europe’s integrated steel production—are calling for what they describe as an “urgent and pragmatic reform” of the EU ETS.
Investment funds trimmed their net long positions, the difference between bullish and bearish bets, for a second consecutive week, according to the latest Commitment of Traders (CoT) report released by ICE on Wednesday morning.
While most climate-related coverage of the FIFA World Cup centers on the tournament’s carbon footprint, BBVA analysts have highlighted a lesser-known trend in the European carbon market that has emerged during past competitions.