EMEA > Euro Markets: EUAs drop more than 5% amid gas sell-off to wipe out gains since Christmas break

Euro Markets: EUAs drop more than 5% amid gas sell-off to wipe out gains since Christmas break

Published 17:34 on January 8, 2024  /  Last updated at 23:50 on January 8, 2024  / Alessandro Vitelli /  EMEA, EU ETS, UK ETS

European carbon prices came under heavy pressure throughout Monday as forecasts for milder weather triggered a steep drop in natural gas prices, while aggressive short selling and the prospect of EUA auctions resuming next week heaped further pressure onto the market.
European carbon prices came under heavy pressure throughout Monday as forecasts for milder weather triggered a steep drop in natural gas prices, while aggressive short selling and the prospect of EUA auctions resuming next week heaped further pressure onto the market.


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.