With the July review of the EU Emissions Trading System and the Market Stability Reserve approaching, several Member States are putting forward their own visions for how the carbon market should look like, reflecting differing priorities on the pace of decarbonisation.
The upward trend in the European carbon market that began on Thursday extended into Friday, with EUA Dec’25 briefly rising above €78 for the first time since mid-February before settling at €77.46, marking a daily gain of 3.29%.
The latest Commitment of Traders (CoT) report from the ICE platform, released Wednesday morning, indicates that investment funds have continued to increase their net long positions (the difference between long and short positions) for the second consecutive week.
The European Parliamentary Research Service (EPRS), which provides in-depth research and analytical support to Members of the European Parliament, published a paper on Tuesday outlining Member States’ positions on key issues related to the upcoming review of ETS1 and the Market Stability Reserve (MSR).
The European Commission published preliminary verified emissions data for sectors covered by the EU ETS on Friday, based on reports submitted by Member States by the 31 March deadline. The release, which typically takes place in early April, was delayed this year due to bank holidays.
The latest Commitment of Traders (CoT) report from the ICE platform, published on Wednesday shows that investment funds have reduced their net long holdings (long positions minus short positions) for ten consecutive weeks.
European carbon prices moved higher in Wednesday’s session after the European Commission presented its proposal to reform the Market Stability Reserve (MSR), confirming earlier media reports that only limited adjustments would be made.
The European carbon market recorded another positive session on Tuesday, extending its winning streak to four consecutive days as bullish sentiment persisted. EUA Dec’26 futures settled at €72.51, marking their highest closing level in three weeks.
The European carbon market saw another headline-driven and volatile session yesterday. EUA Dec’26 surged 3.2% after an article published by Bloomberg indicated that the EU may take a less aggressive approach to easing costs.
The European carbon market showed signs of stabilization heading into the weekend, with the Dec’26 EUA contract settling on Friday at €71.67. The contract posted only a marginal increase of €0.02 from the previous close, with a daily range of just €1.36, the lowest in three weeks.