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EUAs tumble 15% on week amid intervention fears

Carbon

09 Sept 2022 11:07

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09 Sept 2022 11:07

(Montel) European carbon prices have shed 15% over the past week amid concerns over market interventions and a gloomy economic outlook across the continent that threatens to further curb industrial demand.

After earlier plummeting to a fresh six-month low of EUR 65.55/t, the Dec 22 benchmark carbon contract last traded down EUR 0.87 at EUR 66.43/t on Ice Endex.

This was a 15% decrease week-on-week from last Friday’s settlement of EUR 77.89/t, extending losses for the sixth consecutive session.

The carbon market has been ravaged by the prospect of frontloading volumes of allowances to be auctioned, as well as…

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