EU Market: EUAs surge above €30 as buyers stock up ahead of Commission climate plan reveal
EUAs soared by more than 8% to hit a two-month high and notch a record close above €30 on Monday, with the aggressive buying fuelled by the emergence of a draft of a European Commission proposal to raise the bloc’s climate targets and cut supply by more than some had expected.
Read MoreEU and China agree to keep talking on climate ambition after leaders meet
China and the EU have agreed to establish a regular high-level dialogue to further discuss the extent to which Beijing can raise its climate ambition, EU leaders confirmed on Monday after talks with President Xi Jinping.
Read MoreEU Market: EUAs extend week-high before slipping after MEPs vote for higher 2030 climate goal
EUAs rose to their highest all week on Friday, but then eased back to notch a 3.3% weekly rise as MEPs agreed to push for the higher climate ambition.
Read MoreEU to press China to toughen climate targets, halt new coal plants
The EU will urge China to ramp up its climate efforts in three key areas at a high-level meeting on Monday, EU officials said Friday, as the bloc aims to raise the ambition of the world’s largest-emitting country.
Read MoreEU Market: EUAs rebound from two-week low ahead of key vote on bloc’s CO2 goals
EUAs rebounded from a fresh two-week low on Wednesday as the biggest auction so far this year cleared at a strong premium, as traders readied for a key vote in the European Parliament.
Read MoreEU Market: EUAs slide with energy, equities as auctions continue to weigh
European carbon prices slid along with the wider energy and equity markets on Tuesday, flirting with yesterday’s two-week low as increased supply from the daily auctions weighs heavier.
Read MoreEU Market: EUAs slip to 2-week low below €27 after auction struggle
EUAs hit a two-week low below €27 on Monday as the market struggled to absorb a hefty auction, in what will be the biggest sale supply week of the year so far.
Read MoreEU Market: EUAs follow equities lower ahead of supply surge
EUAs fell on Friday despite a decent auction result, as more selling in equity markets carried over to carbon.
Read MoreEU Market: EUAs hold above €28 as buyers absorb biggest auction in five weeks
EUAs were propelled back above €28 early on Wednesday as the market comfortably absorbed the biggest auction in five weeks, spurring confidence among bulls.
Read MoreEU Market: EUAs fall 3.2% to below €28 as full-sized auctions return
EUAs slipped below €28 as full-sized auctions resumed on Tuesday, with prices retreating further from Monday’s stint above €30 in defiance of mostly bullish expectations and a more positive macro economic outlook.
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