The war in Iran has delivered another shock to the EU’s energy system, highlighting the region’s vulnerability during geopolitical crises, even though member states do not purchase significant amounts of gas and oil from Middle Eastern countries.
The European carbon market fell on Thursday afternoon after Bloomberg reported that the European Commission is considering relaxing regulations. The Dec-26 EUA contract briefly dropped to €67.82, its lowest intraday level since late April, before closing at €68.73, marking a sharp daily loss of 4.36%.
The latest Commitment of Traders (CoT) report from the ICE platform, released on Wednesday, indicates that investment funds trimmed their net long positions (the difference between long and short positions) for the seventh consecutive week.
Amid mounting political pressure to ease the burden of emissions allowances and even temporarily suspend the EU ETS pending a review, European Commission Executive Vice-President Teresa Ribera on Tuesday defended the bloc’s carbon market.
Italian Industry Minister Adolfo Urso has once again called for a temporary and immediate suspension of the EU ETS, citing the surge in energy prices amid the escalating Middle East conflict. “The suspension of the ETS should be considered precisely as an emergency response to the conflict, pending its revision,” Urso told a local newspaper […]
The European carbon market remained relatively stable last week, showing little reaction to the intense volatility affecting surrounding markets as tensions escalated in the Middle East.
The latest Commitment of Traders (CoT) report published by ICE shows that investment funds continued to reduce their net long exposure, which fell to 63.2 million allowances, extending the six-month low reached in the previous week.
The European carbon market briefly climbed to a two-week high during Wednesday’s session, recovering from weaker levels seen in the early hours of trading, before closing at €73.33 and posting a daily gain of 4%.
The European carbon market remained relatively calm in yesterday’s session. After an early drop to a ten-month low of €67.90 — a move that had largely been anticipated — the EUA Dec ’26 contract recovered and closed at €70.57, posting a daily gain of 0.40%.
The European carbon market opened lower today, with EUA Dec’26 briefly trading below €68 — a level last seen in April 2025. The decline mirrored similar moves in equity markets and came despite a sharp spike in gas prices, reinforcing the view that EUAs are currently trading more in line with broader macro and equity […]