Euro Markets: EUAs back in close formation with natural gas, while UKAs plummet most in six months

Published 17:40 on June 20, 2024  /  Last updated at 18:15 on June 20, 2024  / Alessandro Vitelli /  EMEA, EU ETS, UK ETS

European carbon prices resumed their close formation with natural gas prices on Thursday, with EU ETS levels falling 1.6% as the market tracked the ebb and flow of the TTF's reaction to news that Russian LNG transshipments through Europe will be banned, potentially adding to regional supply, while UK Allowances prices were "absolutely smashed" amid a surge of aggressive selling.
European carbon prices resumed their close formation with natural gas prices on Thursday, with EU ETS levels falling 1.6% as the market tracked the ebb and flow of the TTF's reaction to news that Russian LNG transshipments through Europe will be banned, potentially adding to regional supply, while UK Allowances prices were "absolutely smashed" amid a surge of aggressive selling.


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.