EMEA > Euro Markets: EUAs cling on to bulk of early gains after gas gives up massive 6.2% jump

Euro Markets: EUAs cling on to bulk of early gains after gas gives up massive 6.2% jump

Published 17:33 on August 12, 2024  /  Last updated at 17:53 on August 12, 2024  / Alessandro Vitelli /  EMEA, EU ETS, UK ETS

European carbon prices rose to a more than two-month high on Monday, propelled by year-to-date highs in natural gas and power, growing geopolitical risks, and the prospect of sharply warmer temperatures across Europe that were expected to boost the call on thermal power, though the EUA contract's early gains were trimmed amid an afternoon slump in gas and power markets.
European carbon prices rose to a more than two-month high on Monday, propelled by year-to-date highs in natural gas and power, growing geopolitical risks, and the prospect of sharply warmer temperatures across Europe that were expected to boost the call on thermal power, though the EUA contract's early gains were trimmed amid an afternoon slump in gas and power markets.


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