Euro Markets: “Tired” EUAs extend sideways trend, post 2% weekly loss despite new highs in natural gas
European carbon prices traded sideways on Friday to end the day 0.4% higher and week 2% lower despite strength in the wider energy complex, as participants continued to speculate on the prospects for sustained strength in a market being increasingly described as “stuck”, “tired”, and “rangebound”.
Read MoreFEATURE: UK set to miss 2030 green jet fuel goals by half, increasing airline carbon exposure
The UK could miss its production goal of 10% sustainable aviation fuel (SAF) in total jet fuel use by 2030 by almost half, according to industry experts, with potential implications for airline exposure to carbon prices under the UK ETS and the UN’s CORSIA international offsetting scheme.
Read MoreUK lawmakers highlight ‘major risk’ in govt push for carbon capture
A UK parliamentary committee has published a report highlighting significant risks and uncertainties in the government’s carbon capture utilisation and storage (CCUS) programme.
Read MoreEuro Markets: EUAs return to shadowing TTF as market awaits new direction
European carbon prices edged higher on Thursday amid further gains in gas and power, with traders still questioning the recent bullish trend and some saying that EUAs are now “marking time” ahead of the emergence of a new price direction.
Read MoreUK to miss net zero by 2050 goal, though carbon prices would reach $250/t -report
The UK is on track to reduce emissions by 82% by 2050, lowering household energy costs along the way, even though carbon prices would increase significantly to $250/tonne, according to a report by an industrial risk management company.
Read MoreUK to “rip up” planning laws for new wave of nuclear SMRs
The UK government said it is “ripping up archaic planning rules” and saying no to complaining local residents to allow small modular reactors (SMR) to be built for the first time, in a bid to keep the country on track for net zero with nuclear power.
Read MoreEuro Markets: “Nervous” EUAs post modest rise after volatile session as funds add to length
EU carbon prices posted a modest increase on Wednesday to end two days of declines, helped by an afternoon rally in gas and power that unwound earlier losses, as selling pressure continued to cap the recent rally, with traders describing a nervous market in consolidation.
Read MoreEuro Markets: Carbon ends little changed, caught between falling gas and recovering equities
European carbon prices ended Tuesday little changed after Monday’s sharp loss, despite trading in a €2.40 range over the course of the day, as natural gas joined the sell-off after China announced tariffs on US LNG cargoes, while European equities recovered early losses triggered by worries over the impact of likely tariffs implemented by Washington.
Read MoreEuro Markets: EUAs tumble 3.5% as ‘risk-off’ sentiment washes over markets
European carbon prices tumbled on Monday even as natural gas markets advanced, as EUAs were hit by substantial selling on concerns that President Donald Trump will levy new tariffs on EU exports to the US.
Read MoreEuro Markets: EUAs plough higher amid stubborn buying, as UKAs post largest ever weekly gain
European carbon permits returned a 15% monthly increase in January after posting their seventh gain in the last 10 days on Friday, with a strong auction outcome underpinning the market’s stubborn strength amid firming power and gas, while UKAs recorded their largest-ever weekly gain.
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