EMEA > Compliance Markets & Taxes > Euro Markets: EUAs jump 1.2% amid options hedging while UKAs plunge as UK-EU summit postponed

Euro Markets: EUAs jump 1.2% amid options hedging while UKAs plunge as UK-EU summit postponed

Published 12:48 on June 22, 2026 / Last updated at 17:48 on June 22, 2026 / / EMEA (Compliance Markets & Taxes, Europe)

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European carbon allowance prices jumped by more than €1 late in the session as aggressive options hedging drove prices to their highest in more than four months, after the strongest auction result in two weeks signalled the completion of the first of two fund-raising efforts to smooth the EU's transition away from Russian fossil fuels, while UKAs slumped on news that the long-anticipated EU-UK summit to discuss market linking would be postponed after the resignation of the British prime minister.
European carbon allowance prices jumped by more than €1 late in the session as aggressive options hedging drove prices to their highest in more than four months, after the strongest auction result in two weeks signalled the completion of the first of two fund-raising efforts to smooth the EU's transition away from Russian fossil fuels, while UKAs slumped on news that the long-anticipated EU-UK summit to discuss market linking would be postponed after the resignation of the British prime minister.


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