ANALYSIS: UK likely to boost auction ETS volumes in 2022 as prices trigger CCM, but timeline, supply source unclear
The UK ETS will face its first regulatory test at the start of December as the market’s Cost Containment Mechanism (CCM) will be triggered this month, though sources are fairly divided as to if and how the government will ultimately intervene.
Read MoreEuro Markets: EUAs claw back half their early losses to post 4.9% weekly gain amid macro gloom
EUAs plunged 5.5% in a hectic opening hour of trading on Friday as markets were shaken by reports of a new Covid-19 variant emerging in South Africa. Carbon eventually clawed back half of those losses.
Read MoreEuro Markets: EUAs set record price for eighth day in nine amid options hedging flurry
EUAs reached their eighth record in nine days on Thursday as the market broke above €75.00 for the first time, amid continued speculative buying and options traders hedging open call positions.
Read MoreEuro Markets: EUAs leap more than 5% after new German govt eyes €60 price floor
EUA prices leaped by more than 5% to a new record on Wednesday after Germany’s incoming coalition government agreed a deal to take action to ensure the carbon price applied to its emitters under the EU ETS will not fall below €60 in the long term.
Read MoreEuro Markets: EUAs have biggest daily drop since Nov. 1 as energy markets post gains
EUAs consolidated around the previous day’s settlement price on Tuesday morning as energy markets posted strong gains amid news of additional US sanctions against the Nord Stream 2 pipeline.
Read MoreEuro Markets: EUAs rise to new high above €70 despite second day of gas declines
EUAs rose to a new record for an unprecedented sixth consecutive day on Monday, ignoring weaker gas and power markets that reacted to growing concern over rising Covid-19 infection numbers and growing social unrest over renewed public restrictions in a number of countries.
Read MoreEuro Markets: Late rally despite weaker energy sets EUAs up to test €70 mark next week
EUAs posted their fifth successive intraday record on Friday and look poised to test €70 on Monday after a late rally, even as energy prices slipped back amid growing concerns about the economy as more EU countries reimposed social restrictions to tackle a surge in new cases of COVID-19.
Read MoreEuro Markets: EUAs set another record despite mixed energy markets
European carbon prices set their fourth consecutive record on Thursday as sustained buying in the afternoon drove the market above €69 for the first time despite lacklustre energy markets.
Read MoreEuro Markets: EUAs slump after setting third record in a row as gas wipes out early gains
EUAs fell away late on Wednesday after setting a record high for the third consecutive day, as energy prices first extended gains amid continuing uncertainty over gas flows, and then slumped after Germany’s grid operator said winter supplies would be sufficient.
Read MoreBurial at sea: Europe’s industry queues up for North Sea CO2 storage
Europe’s industries are clamouring to use North Sea CO2 storage facilities, with more than half of carbon-cutting projects awarded public funding on Tuesday seeking to bury their emissions there.
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