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EU Spot Carbon Price Falls

EMISSIONS

The latest EU ETS CAP3 EU auction cleared at €69.77/ton CO2e, down from €70.31/ton CO2e in the previous auction according to EEX.

    • EUA DEC 24 up 1% at 71.44 EUR/MT
  • The EU ETS Dec 24 is trading higher today but remains within this week’s range, with support from European gas prices. Prices extended gains slightly following the auction result.
  • Emissions markets are still digesting the outcome of the European election. However, it is too early to be certain, there is a likelihood for a S&D-Renew-EPP coalition – following news from Politico that four leadership positions for individuals have been essentially decided. The loss of the seats for the Greens and the gains for the right could see less of an emphasis on green energy policies.

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