EU Market: EUAs jump late after dipping below €26 in continued rocky trade
EUAs continued their volatile week on Thursday, bouncing back from a dive below €26 despite another dismal auction result and wider market weakness.
Read MoreEU Market: EUAs fall 5%, giving back prior session’s gains as rampant volatility continues
European carbon prices fell back on Wednesday, handing back almost all of the previous day’s gains as quarterly EUA options expired, the market saw a heavy inflow of supply, and technical signals remained bearish to help maintain the wild volatility seen over the past month.
Read MoreANALYSIS: Adding sinks to EU’s 2030 emissions goal unlikely to let other sectors off hook
The proposed inclusion of carbon sinks under the EU’s 2030 climate plans is unlikely to give emitters much wriggle room as the effect of Brexit and other shifts make the bloc’s overall reduction goal harder to reach.
Read MoreEU Market: EUAs rebound violently after hitting one-month low
EU carbon prices fell to a one-month low on Tuesday, defying a stronger auction and reversals in wider markets, before sharply rebounding to surge by more than €2 from the day’s low on what traders said was a mix of compliance buying and speculative short-covering.
Read MoreEU Market: EUAs tumble amid broader market sell-off
European carbon prices sank to a two-week low on Monday on another bearish auction result and as wider markets fell on fears that a resurgence in coronavirus cases could spur a new round of government-imposed restrictions.
Read MoreEU Market: EUAs fade after weak auction for 1% weekly loss
EUAs fell to a one-week low below €28 on Friday after a weak auction exacerbated the bearish ‘fact-selling’ mood following this week’s release of Brussels’ long-awaited climate plan.
Read MoreEU Market: EUAs retreat on ‘fact-selling’ as Commission releases climate plan
European carbon prices retreated by more than 5% on Thursday on what traders said was a ‘buy the rumour, sell the fact’ response to the European Commission publishing its plan to raise the EU’s 2030 emissions reduction target.
Read MoreEU Market: EUAs stick near €30 as Brussels confirms higher climate ambition, funds pile into market
EUAs stayed near €30 for a third straight session on Wednesday, after the European Commission confirmed its proposals for higher EU climate ambition and data showed a record number of investment funds piling into the market.
Read MoreEU Parliament study assesses the assembly’s own GHG reduction pathways
The European Parliament should put in place measures to cut emissions from MEP travel and energy use as part of an institution-wide 2030 carbon footprint reduction target, according to a study published by the assembly’s secretariat on Tuesday.
Read MoreEU Market: EUAs hold near €30 as market readies for EU climate announcements
European carbon prices consolidated near €30 on Tuesday, holding on to most of Monday’s stellar gains and coming within a hair of their 14-year high as buying continued ahead of this week’s release of the EU’s new climate strategy.
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