EU Market: EUAs re-test €32 in halt to pullback
EUAs straddled the €32 mark on Monday as US markets were closed and observers expected carbon to show some resilience following last week’s 9% loss.
Read MoreCarbon pricing, international credits can help curb methane emissions from oil and gas, IEA says
A robust global carbon price can help cut the oil and gas sector’s methane emissions together with other market-based mechanisms such as international credits, the IEA said on Monday.
Read MorePOLL: Analysts again raise EUA price estimates, but little more upside seen in 2021 following latest rally
Analysts have raised their forecasts for EU carbon allowances in 2021, though most don’t see prices rising this year much beyond this month’s record high.
Read MoreEU Market: EUAs plummet 5% as gas rout persists
EUAs dropped to below €32 on Friday, falling further amid continued losses to the energy complex and cancelling out gains since new year that had pushed carbon to record highs.
Read MoreEU carbon border levy most effective if revenues ‘recycled’ into clean tech -report
A carbon border adjustment mechanism (CBAM) will be most effective if the EU reinvests revenues into R&D for low-carbon technologies and clinches multilateral deals with trade partners, according to a report released this week.
Read MoreEU Market: EUAs weaken as gas pullback continues
EUA prices recovered from an early drop below €33 on Thursday, finding buyers near a key technical support as gas prices continued their retreat from lofty highs seen earlier in the week.
Read MoreEU Market: EUAs sink nearly 5% on gas pullback, technical breach
EUAs slid below €34 on Wednesday for the first time in four sessions, continuing the retreat from Tuesday’s record high amid a major pullback in gas prices and signs of a technical reversal in carbon, as data showed the influx of participants into the market continued last week.
Read MoreEU Climate Law talks likely sealed in March ahead of leaders’ summit
EU negotiators expect to reach a political agreement on the 27-nation bloc’s landmark Climate Law in March, ahead of a key European Council summit that will provide further guidance for future climate legislation, according to sources involved in the process.
Read MoreEU Market: EUAs hit new record as gas prices spike on sudden cold snap
EUAs jumped to a new all-time high above €35 on Tuesday as gas and other European energy prices spiked on a looming blast of colder weather.
Read MoreEU Market: EUAs slip towards €34 after again hitting record levels
EUAs fell back towards €34 on Monday despite matching Friday’s record high €35.20 in the opening minutes, as observers expect more gains this week amid continued cold weather.
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