European carbon prices sank 9% over the week to test key support at the close of business on Friday, as traders balanced a cut of 3% in 2022 auction volumes with the prospect of a 200-250 million-tonne injection of additional auction supply in the coming four years.
Euro Markets: EUAs post 9% weekly loss as MSR sales proposal outweighs EEX’s 2020 auctions cut
European carbon prices sank 9% over the week to test key support at the close of business on Friday, as traders balanced a cut of 3% in 2022 auction volumes with the prospect of a 200-250 million-tonne injection of additional auction supply in the coming four years.
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