Arjun Patel « Carbon Pulse

Articles by: Arjun Patel

EU Market: EUA recede for inside day following vaccine rally

Published 20:06 on November 10, 2020 / Last updated at 20:17 on November 10, 2020 / Arjun Patel / EMEA, EU ETS

European carbon prices receded on Tuesday, pulling back slightly after Monday’s huge COVID vaccine-fuelled rise amid supply pressures and fundamental weakness from milder weather.

EU Market: EUAs soar almost 7% on positive COVID vaccine news

Published 17:48 on November 9, 2020 / Last updated at 21:23 on November 9, 2020 / Arjun Patel / EMEA, EU ETS

EU carbon prices surged by nearly 7% to a one-month high on Monday, tracking wider financial markets higher on positive news surrounding the race for a COVID-19 vaccine.

EU Market: EUAs pause rebound rally below €26 to log 7% weekly gain

Published 19:28 on November 6, 2020 / Last updated at 12:36 on November 13, 2020 / Arjun Patel / EMEA, EU ETS

EU carbon pulled back on Friday following a big three-day rally, with prices consolidating below €26 on profit-taking and a weak auction result and to notch a 7.2% weekly gain.

CORRELATIONS: EUA link to power and coal prices strengthens amid wider market turmoil

Published 22:13 on November 5, 2020 / Last updated at 22:13 on November 5, 2020 / Arjun Patel / EMEA, EU ETS

The relationship between EU carbon prices and German power has strengthened in recent weeks, with some indications of a more positive correlation also emerging between EUAs and coal as the fuel regains competitiveness against gas.

EU Market: EUA recovery rally enters third day amid buying spurt, looming supply curbs

Published 19:07 on November 5, 2020 / Last updated at 19:07 on November 5, 2020 / Arjun Patel / EMEA, EU ETS

EU carbon allowances rose for a third straight day on Thursday, topping €26 for the first time in a month as short-covering, compliance and speculative buying, and looming supply curbs helped reverse more of the recent downtrend and lift prices further from this week’s four-month low.

EU Market: EUAs retake €25 on short-covering, reports suggesting Biden win

Published 17:20 on November 4, 2020 / Last updated at 10:45 on November 16, 2020 / Arjun Patel / EMEA, EU ETS

EUAs surged to a seven-day high above €25 on Wednesday, extending their recovery rally as financial markets rose despite an undecided US presidential election.

EU Market: EUAs lift 3% as recovery rally continues ahead of US election

Published 17:50 on November 3, 2020 / Last updated at 18:53 on November 3, 2020 / Arjun Patel / EMEA, EU ETS

EUAs rose on Tuesday as wider markets continued to rebound from last week’s COVID-related declines, with carbon breaking above a key technical level following another strong auction further as traders kept a cautious eye on today’s US election.

EU Market: EUAs edge up but technical selling limits gains, as prices notch 7% weekly fall

Published 18:26 on October 30, 2020 / Last updated at 22:07 on October 30, 2020 / Arjun Patel / EMEA, EU ETS

European carbon prices extended their rebound from this week’s four-month low on Friday, but technical selling above €24 continued to cap gains.

Portugal’s EDP sees EU coal power generation plunge 58%

Published 16:16 on October 30, 2020 / Last updated at 22:21 on October 30, 2020 / Arjun Patel / EMEA, EU ETS

Portuguese utility EDP saw a 58% year-on-year drop in its EU ETS-covered coal power output for the first nine months of 2020, far outstripping a 3% fall in its total power output, it reported on Friday.

Silicon Valley investors back UK-based CO2 accounting startup with $3.4 mln

Published 00:01 on October 30, 2020 / Last updated at 22:50 on October 29, 2020 / Arjun Patel / Americas, Asia Pacific, EMEA, International, Nature-based, US, Voluntary

A real-time corporate emissions tracking platform has secured $3.4 million in funding from Silicon Valley backers including Uber’s former CEO.