EU Market: EUAs surge above €30 as buyers stock up ahead of Commission climate plan reveal

Published 19:29 on September 14, 2020  /  Last updated at 22:55 on September 14, 2020  /  EMEA, EU ETS  /  No Comments

EUAs soared by more than 8% to hit a two-month high and notch a record close above €30 on Monday, with the aggressive buying fuelled by the emergence of a draft of a European Commission proposal to raise the bloc's climate targets and cut supply by more than some had expected.

EUAs soared by more than 8% to hit a two-month high and notch a record close above €30 on Monday, with the aggressive buying fuelled by the emergence of a draft of a European Commission proposal to raise the bloc’s climate targets and cut supply by more than some had expected.

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