EMEA > Compliance Markets & Taxes > Euro Markets: Midday Update

Euro Markets: Midday Update

Published 12:42 on July 13, 2026 / Last updated at 12:42 on July 13, 2026 / / EMEA (Compliance Markets & Taxes, Europe)

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European carbon prices advanced on Monday after the EU completed an auction programme that raised €20 billion to speed its transition away from Russian fossil fuels, despite an intensification of the conflict in the Strait of Hormuz that pushed energy costs higher and widespread anticipation of the ETS reform package due to be unveiled at the end of the week.
European carbon prices advanced on Monday after the EU completed an auction programme that raised €20 billion to speed its transition away from Russian fossil fuels, despite an intensification of the conflict in the Strait of Hormuz that pushed energy costs higher and widespread anticipation of the ETS reform package due to be unveiled at the end of the week.


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