EMEA > Euro Markets: Short-covering rally boosted by media reports of German EUA cancellation

Euro Markets: Short-covering rally boosted by media reports of German EUA cancellation

Published 17:17 on February 15, 2024  /  Last updated at 17:36 on February 15, 2024  / /  EMEA, EU ETS, UK ETS

European carbon prices recorded a successive rise on Thursday, rising more than 4.3% at one point as short-covering was bolstered by media reports that Germany will cancel surplus coal exit-related EUAs, while the wider energy complex snapped a six-day losing streak after the EU said it would not look to extend agreements to ship Russian gas through Ukraine.
European carbon prices recorded a successive rise on Thursday, rising more than 4.3% at one point as short-covering was bolstered by media reports that Germany will cancel surplus coal exit-related EUAs, while the wider energy complex snapped a six-day losing streak after the EU said it would not look to extend agreements to ship Russian gas through Ukraine.


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