EMEA > Euro Markets: EUAs add 4.4%, record 25% climb in two weeks as rising gas, short-covering drive rally

Euro Markets: EUAs add 4.4%, record 25% climb in two weeks as rising gas, short-covering drive rally

Published 17:24 on April 16, 2024  /  Last updated at 00:40 on April 17, 2024  / /  EMEA, EU ETS, UK ETS

European carbon allowance prices erased Monday's losses and resumed their upward march, crowning a 25% rally in the last two weeks amid a continuation of short covering, as energy markets jumped sharply on Middle East tensions and interruptions in gas supply in both the US Gulf and North Sea.
European carbon allowance prices erased Monday's losses and resumed their upward march, crowning a 25% rally in the last two weeks amid a continuation of short covering, as energy markets jumped sharply on Middle East tensions and interruptions in gas supply in both the US Gulf and North Sea.


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