Euro Markets: EUAs post 7.6% weekly gain despite abrupt about-turn and daily loss as profit-taking emerges
European carbon allowances posted a weekly gain of 7.6% despite a volatile session on Friday, in which prices reached a 13-day high but unwound all their gains as the short squeeze of the last three sessions gave way to profit-taking after Thursday’s 6.9% jump.
Read MoreEuropean coal output, imports slump amid drop in energy demand and shift to renewables
European hard coal output dropped by 9% in 2023, while lignite production plunged 24% year-on-year as demand for fossil-fired energy tumbled, according to an annual report from Euracoal, the bloc’s coal association.
Read MorePOLL: MSR to remove smallest total to date in 2024-25 amid marginal decrease in surplus -analysts
The annual reduction in EU carbon allowances for 2024-25 through the Market Stability Reserve will be the smallest yet, reflecting a slight decrease in the market’s overall supply in 2023, according to a poll of analysts.
Read MoreLufthansa among 20 airlines investigated by EU over greenwashing concerns -media
Airlines within the Lufthansa Group are among 20 carriers currently under investigation by the European Commission over potential greenwashing practices, including the use of voluntary carbon credits.
Read MoreGerman govt notified Brussels of intent to cancel up to 12 mln EUAs due to coal-fired generation capacity closures
The German government has notified the European Commission that it intends to voluntarily cancel up to 12.25 million EU Allowances to counter the market impact from the 2022 closure of electricity generation capacities at two ETS installations in the country.
Read MoreEuro Markets: EUAs post second-biggest daily increase of the year as buyers return in force
European carbon prices jumped sharply on Thursday to post their second-biggest one-day gain of the year as speculative traders were said to be further reducing their short positions after Wednesday’s Commitment of Traders data showed investment funds had trimmed their overall bearish bets for a third week in a row.
Read MoreANALYSIS: ‘Old habits die hard’ as polluters continue to surrender EUAs in April despite deadline shift
Compliance entities have continued to surrender large volumes of European carbon allowances in April despite the deadline moving to the end of September this year, with analysts attributing this to a case of ‘old habits die hard’ given the limited financial benefit for giving up the permits in advance.
Read MoreEU carbon prices to triple by 2035, analysts predict, publishing amongst first ETS Phase 5 forecasts
EU carbon prices are expected to triple to around €200 in 2035, analysts said this week, making them among the first teams of experts to forecast out that far.
Read MoreMarket Stability Reserve activation threshold a “key weakness” of EU ETS -analysts
The current activation point for the principal supply balancing mechanism in the EU ETS, the Market Stability Reserve (MSR), is too high and represents a “key weakness” of the market, according to analysts at a bank.
Read MoreEU ETS2 prices could almost quadruple with weak energy efficiency policies in place -report
The 2030 prices of the EU’s new heating and transport carbon market (ETS2) could be around four times higher if weak energy efficiency policies are implemented across the bloc, compared to a more ambitious scenario, new analysis has found.
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