Euro Markets: EUAs shed 1.8% as investment funds cut net short position to smallest in more than a year
European carbon prices dropped 1.8% on Wednesday, clawing back some of a 3.2% decline in a late recovery, as the weekly positions data showed that investment funds cut their bearish bets to the smallest in more than a year, while natural gas prices struggled amid reports that additional supply may soon be finding its way to Europe.
Read MoreEuro Markets: EUAs bounce off technical support but end marginally lower amid continued gas strength
European carbon allowance prices ended the session marginally lower on Tuesday after early weakness tested a key technical support and gave way to a steady rally back to another level amid continuing strength in energy markets.
Read MoreCOP29: UK praised for new 1.5C-aligned emissions target, but policies needed to make it reality
The UK will slash its emissions by 81% in the next decade under an updated Paris Agreement pledge, which many on Tuesday cautiously welcomed as a “shining example” of leadership at the start of tense COP29 negotiations while warning that it needs to be backed up with actual policies.
Read MoreEuro Markets: EUAs fall away late to post modest loss as gas, power rise to near multi-month highs
European carbon prices started the week brightly, catching a boost from rising gas and power but failing to hold on the full extent of the increase, as EUAs traded either side of Friday’s settlement before dipping at the close.
Read MoreVeteran carbon trader joins new London-based energy transition investment firm as partner
A veteran carbon trader has joined a London-based energy transition investment firm as partner, Carbon Pulse has learned.
Read MoreEuro Markets: Power, gas rally pushes EUAs 6.5% higher on the week, triggers technical buying
European carbon prices extended their late Thursday rally to post a 6.5% weekly gain as power and gas-inspired buying turned into a technical rally as EUAs climbed above key technical levels, as weather forecasts called for lower temperatures in much of Europe.
Read MoreBring waste sectors into UK ETS but don’t raise emissions cap, Climate Change Committee urges govt
The UK Climate Change Committee (CCC) has advised the government not to increase the emissions cap in the nation’s carbon market as it prepares to expand the scheme to include waste incineration and energy-from-waste (EfW) sectors in 2028.
Read MoreEuro Markets: EUAs advance most in two weeks as power short covering sparks late surge
EU carbon prices firmed robustly on Thursday, rising by the most in two weeks as energy markets fluctuated before ending the day with a steep climb on a sudden burst of short covering in power that triggered additional buying in carbon and natural gas.
Read MoreFEATURE: Traders, asset managers start to take action on EU ETS2 commercial risks
Traders and asset managers appreciate the commercial risks attached to the EU’s new emissions trading scheme for road transport and heating fuels (ETS2) and are increasingly taking measures to mitigate its future impact, say industry sources.
Read MoreEuro Markets: EUAs drop for fifth time in six days despite afternoon rally as market digests US election result
European carbon prices fell for the fifth time in the last six days on Wednesday as early selling across energy markets on the back of the US election outcome gave way to a general afternoon rally, after positioning data showed investment funds had cut their bearish bets on carbon to the lowest in nine weeks.
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