Euro Markets: EUAs post late rally amid another headline surge in UKAs, as markets await news on Ukraine ceasefire
European carbon prices moved in a comparatively narrow range for much of Tuesday, before rising steeply in the wake of another UKA rally fuelled by headlines and as the effect of March options open interest continued to grow, while energy markets waited for the outcome of talks between the US and Russian leaders over a potential ceasefire agreement in Ukraine.
Read MoreFunding barriers slow UK building sector decarbonisation efforts -report
Efforts to cut emissions from the UK’s building sector are being hampered by persistent funding gaps and fragmented policy, according to a new report.
Read MoreFull UK-EU ETS link-up may not be realistic, UK lawmaker concedes
A full link-up of the UK and EU emissions trading systems (ETSs) is not “realistic”, but the two sides should try and get as close as possible, a UK lawmaker conceded following a two-day meeting between British and EU parliamentarians.
Read MoreFEATURE: Renovating brings big CO2 savings compared to building new
Renovating buildings to be more efficient brings significant potential for carbon savings over building new, though also comes with a number of challenges as experienced by the owners of large conservation property portfolios.
Read MoreEuro Markets: EUAs drift lower amid steady selling despite pull of March options
European carbon allowance prices began the week on a quiet note, with trade volume and volatility somewhat diminished compared to recent weeks, as the looming March options contract expiry continued to keep prices within range of key strike price levels at €70-€75.
Read MorePower sector flags “major issues” with EU-UK electricity trade ahead of CBAM
Electricity producers have called on the European Commission to improve the EU’s Carbon Border Adjustment Mechanism (CBAM) before it starts applying next year, pointing to the risk of “double paying” CO2 charges when importing from the UK, and asking for “more realistic default values” to be applied when evaluating the emissions intensity of Britain’s electricity exports to Europe.
Read MoreANNOUNCEMENT: Carbon Pulse and Veyt partner to provide carbon market news and intelligence
Veyt customers can now get direct access to breaking news and intelligence on carbon markets, greenhouse gas pricing, and climate policy from Carbon Pulse, thanks to a tie-up between the two carbon market specialists.
Read MoreEuro Markets: EUAs post first weekly rise since January as options hedging, technical buying drive gains
European carbon prices snapped a run of five weekly losses on Friday, as a lacklustre start to the day gave way to a sharp rally amid a surge of technical buying and options hedging, with prices being pulled back up towards key strike prices for the March options contract.
Read MoreEuro Markets: EUAs extend gains on March option hedging before gas plunge trims day’s advance
European carbon resumed its close correlation to natural gas price movements on Thursday, as prices advanced to an eight-day high amid sustained early strength in April TTF gas and helped by robust demand from March options hedging, before news headlines in mid-afternoon triggered a massive sell-off in gas that pulled EUAs down from their highs.
Read MoreEuro Markets: “Rage against the machines” as headline triggers UKA spike and short squeeze in EUAs
EU carbon prices ended Wednesday in the grip of a major price spike, as a news report reiterating that UK-EU market linking was under “serious consideration” caused UKA prices to leap as much as 11%, and triggered a rally in EUAs which in turn led traders to squeeze short positions held by algorithmic traders.
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