EU Market: EUAs lift away from 4-mth low after stronger auction, wider market gains

Published 20:14 on October 29, 2020  /  Last updated at 00:55 on October 30, 2020  / /  EMEA, EU ETS

EUAs briefly topped €24 on Thursday, rebounding from the previous session’s four-month low on a stronger auction and wider market gains, rebuffing widespread concerns over the impact of renewed coronavirus restrictions.

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EU Market: EUAs drop nearly 5% to new 4-month low as virus fears deepen

Published 20:20 on October 28, 2020  /  Last updated at 17:45 on March 10, 2022  / /  EMEA, EU ETS

EUAs fell to a new four-month low below €23 on Wednesday after buyers struggled to absorb the bumper UK auction and wider financial markets tumbled on worsening coronavirus prospects, as trade data showed a record number of firms – including emitters – holding positions in the EU ETS.

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EU Market: EUAs pare losses after sliding on another weak auction, wider market jitters

Published 17:53 on October 27, 2020  /  Last updated at 16:33 on October 30, 2020  / /  EMEA, EU ETS

European carbon prices closed higher on Tuesday after trading lower for most of the session following another weak auction result and amid nervousness in wider financial markets.

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EU Market: EUAs sink back below €24 as virus rates climb

Published 20:18 on October 26, 2020  /  Last updated at 11:36 on October 27, 2020  / /  EMEA, EU ETS

EUA prices tumbled back below €24 on Monday, giving back all of Friday’s 5% surge on another weak auction and technical selling over wider market weakness due to rising coronavirus infection rates.

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EU Market: EUAs leap 5% to above €25 as rebound continues

Published 21:40 on October 23, 2020  /  Last updated at 11:23 on October 25, 2020  / /  EMEA, EU ETS

EUAs jumped more than 5% to above €25 on Friday, continuing the previous session’s rebound from a four-month low on short-covering and amid bullish signals from the energy complex.

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EU Market: EUAs rebound on energy boost after flirting with new 4-mth low near €23

Published 21:00 on October 22, 2020  /  Last updated at 22:28 on October 22, 2020  / /  EMEA, EU ETS

European carbon rebounded on Thursday after plumbing a new four-month low near €23, with prices boosted by a solid auction result and gains in the wider energy complex.

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Germany off track to reach 2030 climate target -environment agency

Published 19:32 on October 22, 2020  /  Last updated at 23:20 on October 22, 2020  / /  EMEA, EU ETS

Germany’s current policies are putting it on course to miss its domestically-binding 2030 emissions reduction target, a report published on Thursday by its national environment agency UBA confirmed.

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EU environment ministers set sights on a bloc-wide 2040 climate target

Published 18:23 on October 22, 2020  /  Last updated at 23:23 on October 22, 2020  / /  EMEA, EU ETS

The EU’s environment ministers want to establish a firm process for setting a bloc-wide 2040 emissions target under the European Climate Law, aiming to bridge the 2030 and 2050 climate goals.

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CORRELATIONS: EU carbon moves continue to mimic power while oil, stocks links dissipate

Published 20:39 on October 21, 2020  /  Last updated at 20:39 on October 21, 2020  / /  EMEA, EU ETS

EU carbon prices have maintained their close correlation to German power in recent weeks, while weakening the somewhat tight relationship to crude oil and US stocks observed earlier this year.

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EU Market: EUAs drop 4% to below €24 on weak auction, more technical selling

Published 19:40 on October 21, 2020  /  Last updated at 21:51 on October 21, 2020  / /  EMEA, EU ETS

EUAs tumbled more than a euro to further deepen their four-month low on Wednesday, as a weak auction clearance followed by technical selling pushed carbon below another key support.

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