Euro Markets: EUAs post robust afternoon gains on macro bullishness ahead of REPowerEU talks

Published 17:32 on November 15, 2022  /  Last updated at 17:32 on November 15, 2022  /  EMEA, EU ETS, UK ETS  /  No Comments

European carbon prices wiped out losses from the last week after an afternoon surge that appeared to be a response to firmer global markets rather than speculative buying ahead of Wednesday's trilogue negotiations over the REPowerEU initiative, while energy prices rose for a second day as speculative traders covered short positions after a North Sea gas field outage.

European carbon prices wiped out losses from the last week after an afternoon surge that appeared to be a response to firmer global markets rather than speculative buying ahead of Wednesday’s trilogue negotiations over the REPowerEU initiative, while energy prices rose for a second day as speculative traders covered short positions after a North Sea gas field outage.

A Carbon Pulse subscription is required to read this content. Subscribe today to access our unrivalled news and intelligence, as well as our premium content including all job listings. Click here for details.

We offer a FREE TRIAL of our subscription service and it only takes a minute to register. If you already have a Carbon Pulse account, login here.