Euro Markets: EU, UK carbon lock in position above €80, as market awaits reform clarity, Hormuz reopening
A late burst of selling pushed EUAs back to the €80 mark, leaving the benchmark contract only marginally higher for the day, as European equities fell late, while traders anticipated that exports would soon start to ramp up from Middle Eastern energy hubs.
Read MoreFEATURE: Carbon buyers are eyeing new superpollutant credits for a quicker fix
As promises to tackle emissions in the short term butt heads with the realities of rising energy demand and pricey, early-stage carbon removal technologies, companies are increasingly looking for faster, easier wins – and driving a new market for superpollutant credits.
Read MoreVoluntary carbon credit retirements holding up, removals market showing signs of strain -report
Retirements across the voluntary carbon market (VCM) were strong across the first five months of 2026Â with volumes no longer concentrated at lower price points, according to new analysis, but removals purchases were down by 50% over the same period with questions over whether recent demand boosts will be enough to keep developers heads above water.
Read MoreINTERVIEW: Chemicals, construction the biggest winners from EU ETS free allocation benchmarks decision
Chemicals and construction companies are the biggest winners from the latest changes to benchmarks used to determine the number of free EU Emissions Trading System (ETS) allowances handed to industries, according to an analyst from a carbon investment consultancy.
Read MoreVCM REPORT: CORSIA benchmark future settle below $10, SBTi recognises voluntary carbon credit use in new corporate standard
CORSIA futures were little changed last week, with benchmark contracts on ICE slipping below $10/tonne mark after stabilising in recent weeks following a prolonged decline.
Read MoreEuro Markets: EUAs give up early gains to end the week flat, as gas slumps 6% on Friday
European carbon prices gave up early momentum on Friday, generated by an overnight US government statement that an agreement had nearly been reached with Iran to open the Strait of Hormuz, which pressured gas prices around 6% lower, though the supportive sentiment faded as the session went on for EUAs which ended the week flat, with several market players doubtful that the deal would be signed in the next few days.
Read MoreEUAs set to end year around current level as questions remain over fragile bullish bias, says analyst
EU carbon prices are on course to end year around their current price level, with speculators maintaining a bullish view of where the market is trending despite “unprecedented” policy risk from the upcoming ETS review, an analyst at an energy consultancy said on Thursday.
Read MoreEuro Markets: Calm energy markets leave EUAs, UKAs drifting
EU carbon allowances fell back towards the €76 mark on Tuesday in a muted session that drew thin trade with the benchmark generally following gas and power movements, as participants pointed towards a broadly neutral configuration across the continent’s energy markets.
Read MoreEuro Markets: EUAs shrug off early weakness to end day flat, UKAs consolidate
European carbon prices recovered to end the day flat on Monday, after trading started with bearish pressure, following on from last week’s selloff, with some sources noting that EUAs appeared to be drifting back again towards €75, which has acted like a magnet for much of the last two months.
Read MoreVCM REPORT: CORSIA prices steady after months-long slide as market searches for floor
CORSIA futures stabilised after months of price declines, with benchmark contracts on ICE holding around the $10 per tonne mark last week as selling pressure appears to be easing, as participants appeared to have found on a floor amid demand uncertainty.
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