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CO2 falls 3% ahead of vote to release supply


03 Oct 2022 14:15

03 Oct 2022 14:15

(Montel) European carbon prices fell by more than 3% on Monday in nervous trading ahead of a EU parliament vote over the proposed additional EUA sales and amid reduced trading volumes due to a public holiday in Germany. 

The benchmark Dec 22 EUA contract last traded down EUR 2.19, or 3.3%, at EUR 64.58/t and hit an intraday low of EUR 64.25/t on Ice Endex.

The environment committee in the EU parliament will vote on Monday evening on a proposal to raise about EUR 20bn emergency energy investment funds. Parliamentarians were set to support measures to raise the money through frontloading the sale…

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