Euro Markets: EUAs give up early gains for 3.3% weekly loss

Published 17:18 on May 13, 2022  /  Last updated at 20:12 on May 13, 2022  /  EMEA, EU ETS, UK ETS  /  No Comments

EUAs gave up most of their Friday morning gains to post a 3.3% weekly loss as interest tailed off ahead of the weekend and before next week's vote on ETS reform proposals in the European Parliament's environment committee, while energy prices weakened as gas flows from Russia showed no sign of declining after sanctions were imposed on German-controlled former units of Gazprom.

EUAs gave up most of their Friday morning gains to post a 3.3% weekly loss as interest tailed off ahead of the weekend and before next week’s vote on ETS reform proposals in the European Parliament’s environment committee, while energy prices weakened as gas flows from Russia showed no sign of declining after sanctions were imposed on German-controlled former units of Gazprom.

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