EMEA > Euro Markets: Carbon retreats, posts 2.7% monthly drop in July as market readies for August supply cut

Euro Markets: Carbon retreats, posts 2.7% monthly drop in July as market readies for August supply cut

Published 17:22 on July 31, 2023  /  Last updated at 18:10 on July 31, 2023  / /  EMEA, EU ETS, UK ETS

European carbon prices ended the month of July down 2.7% as EUAs extended their decline for a second day amid mounting selling pressure, even as the market prepared for the August cut in auction supply that starts on Tuesday, while energy prices rose as gas recovered from a technical sell-off last week.
European carbon prices ended the month of July down 2.7% as EUAs extended their decline for a second day amid mounting selling pressure, even as the market prepared for the August cut in auction supply that starts on Tuesday, while energy prices rose as gas recovered from a technical sell-off last week.


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