EMEA > Compliance Markets & Taxes > Euro Markets: EUAs tumble most since Easter as market snaps back to negative correlation with energy

Euro Markets: EUAs tumble most since Easter as market snaps back to negative correlation with energy

Published 17:30 on April 29, 2026 / Last updated at 18:09 on April 29, 2026 / / EMEA (Compliance Markets & Taxes, Europe)

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European carbon prices shed 2.5% on Wednesday as traders re-focused on the conflict over the Strait of Hormuz and its impacts on energy markets while the negative correlation - between gas and oil on one side and carbon on the other - resumed to send EUAs back below a number of technical support levels.
European carbon prices shed 2.5% on Wednesday as traders re-focused on the conflict over the Strait of Hormuz and its impacts on energy markets while the negative correlation - between gas and oil on one side and carbon on the other - resumed to send EUAs back below a number of technical support levels.


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