The European carbon market began last week on a strong bullish trajectory, with EUA Dec’26 contracts closing Monday at €77.17. Despite the positive start, carbon allowances struggled to sustain upward momentum throughout the week, gradually retreating as trading progressed. By Friday’s close, prices had settled at €75.60, leaving the market with a modest weekly gain […]
The European Energy Exchange (EEX), the jointly selected common auction platform for the EU Emissions Trading System (EU ETS), released on Tuesday a revised auction calendar covering the period from June onward.
Ten analysts surveyed by Reuters have slightly increased their price forecasts for the European carbon market this year compared with previous estimates. EU Allowances (EUAs) are now expected to average €92.65, up from €91.11 projected in October and €91.08 in July.
After reaching a June 2023 high of €93.80 two weeks ago, EUA Dec’26 carbon prices reversed course, sliding toward €80 last Friday—a three-month low—and closing the week with an 8% drop, the steepest weekly decline in two years.
After several failed attempts, EUAs finally broke through the €80 level last week, briefly reaching €82.41 — their highest since early February. However, following strong gains at the beginning of the week, the European carbon market surrendered much of those advances toward the end.
