Euro Markets: EUAs spike after Timmermans rejects price cap and funds report record net short

Published 17:31 on September 14, 2022  /  Last updated at 23:00 on September 14, 2022  /  EMEA, EU ETS, UK ETS  /  No Comments

EUAs were little changed as Brussels unveiled energy market reform plans on Wednesday but jumped sharply after EU climate chief Frans Timmermans firmly rejected any notion of capping carbon prices and exchange data showed investment funds had amassed their largest ever net short position.

EUAs were little changed as Brussels unveiled energy market reform plans on Wednesday but jumped sharply after EU climate chief Frans Timmermans firmly rejected any notion of capping carbon prices and exchange data showed investment funds had amassed their largest ever net short position.

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