DATA DIVE: Will the carbon-gas correlation hold ahead of transition year for EU ETS?

Published 09:52 on July 24, 2025 / Last updated at 09:52 on July 24, 2025 / / EMEA (Compliance Markets & Taxes, Europe), Insights (Data Dives)

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During the summer period, with European activity quieter than usual, the focus of many EU carbon participants has turned to the market's correlation with gas prices, but with policy-driven changes to affect the supply dynamic in the EU ETS next year, analysts consider for how long the fuel will retain its strong influence over benchmark EUAs.
During the summer period, with European activity quieter than usual, the focus of many EU carbon participants has turned to the market's correlation with gas prices, but with policy-driven changes to affect the supply dynamic in the EU ETS next year, analysts consider for how long the fuel will retain its strong influence over benchmark EUAs.


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