ELS #Energy - Carbon market to take its cue from policy side

Last week, EUA prices rose throughout the week following news that some of the biggest political groups in the European Parliament’s environment committee agreed to a compromise on funding REPowerEU. And Carbon prices ended the week on a bullish note on Friday, as market participants took in the latest developments regarding the REPowerEU funding proposals.

This week, the mood in emission allowance trading is being held up by the ongoing discussions concerning REPowerEU funding via allowance sales. The second trilogue on EU ETS in ‘Fit for 55’ package takes place today. Thus, the market will take its cues from the signals provided by the policy side.

Week ahead, ELS Analysis will keep its eye on the resumption of the ETS trilogue meeting today 10 October, as well as the informal meeting of energy ministers held on the 11th and 12th of October. 

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