The European Commission last week published its first 2026 status table on free allocation to industry and heat production, showing that 72.4% of the allowances listed in the latest National Allocation Tables (NATs) had been transferred as of 10 September.
On Tuesday, the European Parliament endorsed changes made last week by its Environment Committee (ENVI) to the European Commission’s proposal concerning the Market Stability Reserve (MSR) under the EU Emissions Trading System (EU ETS).
European carbon prices resumed their rally yesterday after a brief pause on Friday, with EUA Dec’26 briefly climbing to €88.53/t, their highest level since January, before settling at €87.99/t, up 2.89% on the day.
The European carbon market delivered another strong performance last week, extending its recent bullish run as prices maintained upward momentum through most of the period. The rally only lost steam at the very end of the week, when EUAs came under pressure from softer gas and oil prices.
Negotiations over the reform of the EU Emissions Trading System (EU ETS) are gathering pace following the European Commission’s long-awaited overhaul proposal unveiled earlier this year.
The latest Commitment of Traders report, published by ICE on Wednesday and covering the week ended September 4, showed that investment funds increased their net-long position—the difference between long and short positions—by 2.6% week on week.
The European carbon market has maintained a gradual but steady upward trend since the beginning of September, with buying momentum strengthening over recent sessions. Prices have recorded gains in every trading session so far this month except one.
The European carbon market had a relatively calm start to the week, with trading activity remaining subdued during the morning session before gaining momentum in the afternoon alongside strong gains across energy markets, as gas prices climbed to a three-year high.
As the EU ETS review gets underway, the governor of the National Bank of Belgium has warned that a CO₂ price of €200 per tonne could severely undermine the competitiveness of European heavy industry, adding to mounting concerns over the impact of rising carbon costs on the bloc’s industrial base.
The latest Commitment of Traders (CoT) report from ICE, published on Wednesday morning, shows that investment funds reduced their net long positions (long minus short) for the third consecutive week.