EMEA > Compliance Markets & Taxes > Euro Markets: EUAs swing sharply in sync with natural gas volatility as short-covering continues

Euro Markets: EUAs swing sharply in sync with natural gas volatility as short-covering continues

Published 17:14 on March 6, 2024 / Last updated at 17:37 on March 6, 2024 / / EMEA (Compliance Markets & Taxes, Europe)

Carbon Pulse Premium

European carbon allowances ended Wednesday 2% lower after earlier rising as much as 4%, as the fortnightly gap in the auction schedule, continued short-covering by speculators, and initially firmer energy prices propelled the market to a one-month high, before a sell-off in TTF gas dragged EUAs back down.
European carbon allowances ended Wednesday 2% lower after earlier rising as much as 4%, as the fortnightly gap in the auction schedule, continued short-covering by speculators, and initially firmer energy prices propelled the market to a one-month high, before a sell-off in TTF gas dragged EUAs back down.


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

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

This page is intended to be viewed online and may not be printed.
As per our terms and conditions, the republication or redistribution of Carbon Pulse content can result in the suspension or termination of your subscription.