The European carbon market saw a modest rise in Friday’s trading, ending the session at €68.80 with a daily gain of €0.26. However, the week closed with a 3.7% decline, largely driven by significant losses on Thursday. As Carbon Pulse pointed out, this marked “the sixth weekly loss in eight weeks.”
According to Carbon Pulse, during Thursday’s closed doors meeting of EU environment ministers, France “added a last-minute item to the agenda,” calling for the introduction of a price corridor, with a minimum and a maximum level, to help stabilize the market.
The most recent Commitment of Traders (CoT) report published by the ICE platform this week, revealed that investment funds have increased their net long positions (long term-short term) to 33,3 million allowances from 31 million allowances in the previous week.
Ahead of the European Commission’s publication of preliminary emissions data for 2024, analysts predict a modest decline compared to the previous year. In 2023, emissions declined by a massive 15,5% driven mainly by the reductions recorded in the power generation sectors.
The European carbon price jumped by almost €1 at the opening on Friday, tracking similar development in gas prices. Meanwhile, TTF front month traded briefly at €45,495/MWh,its highest level in three weeks and almost 6,2% higher compared to the previous settlement.
On Wednesday, carbon prices jumped to their highest in almost a month, tracking massive gains in gas prices. EUA Dec’25 traded as high as €74,23 before closing at €73,44, posting a daily increase of 3%, the biggest since late January.
Both carbon and gas prices rose in early trading on Wednesday driven mainly by the “disappointing lack of progress for the Trump administration on its plan to end the war,” as stated by BBC News describing the phone call negotiation between the US President and Putin which ended after market close yesterday.
The agenda of the EU Energy Council meeting held on Monday in Brussels included issues such as high prices and security of supply. During the meeting, the director of the EU Agency for the Cooperation of Energy Regulators (ACER) presented key insights into the EU energy markets, highlighting major challenges and making recommendations to address […]
Last week ended with a modest uptrend on the European carbon market, with EUA Dec’25 closing the day at €70,99, just €0,39 above the previous settlement. However, carbon recorded its third consecutive daily gain on Friday, up around 3,5% from a week earlier, “the first weekly rise since January” as stated by Carbon Pulse.
The European carbon market experienced yet another volatile trading day with EUAs trading briefly at € 71,82 in the afternoon. However, carbon struggled to hold onto the gains, with Dec’25 contract settling at €70,60, more than €1 below the intra-day high, still posting a 1,41% increase compared to the previous session.