EU Market: EUAs spike to new record on short-covering, sky-high auction clearance

Published 17:30 on February 3, 2021  /  Last updated at 22:46 on February 3, 2021  /  EMEA, EU ETS  /  No Comments

EU carbon prices jumped by more than 7% to a new all-time high on Wednesday as traders scrambled to secure allowances, which led to a record auction clearance.

EU carbon prices jumped by more than 7% to a new all-time high on Wednesday as traders scrambled to secure allowances, which led to a record auction clearance.

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