EMEA > Compliance Markets & Taxes > Euro Markets: EUAs set 15-week high on UKA rally, as bullish EU ETS reform sentiment appears to grow

Euro Markets: EUAs set 15-week high on UKA rally, as bullish EU ETS reform sentiment appears to grow

Published 17:34 on May 26, 2026 / Last updated at 18:01 on May 26, 2026 / / EMEA (Compliance Markets & Taxes, Europe)

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European carbon prices broke above the upper end of an emerging pennant formation and set a 15-week high on Tuesday as the market shrugged off bearish news headlines from the Middle East and took heart from a strong rally in UKAs, as optimism flowered anew that the EU and UK may reach a deal on market linking at their next summit meeting in the summer, while also taking a more bullish view of EU ETS reform.
European carbon prices broke above the upper end of an emerging pennant formation and set a 15-week high on Tuesday as the market shrugged off bearish news headlines from the Middle East and took heart from a strong rally in UKAs, as optimism flowered anew that the EU and UK may reach a deal on market linking at their next summit meeting in the summer, while also taking a more bullish view of EU ETS reform.


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