EU Carbon Allowances Consolidate at New Level
European carbon allowances have settled around a new resistance band of 80 euros for now, previously a support level before the technical sell-off.
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European carbon allowances have settled around a new resistance band of 80 euros for now, previously a support level before the technical sell-off.
Industries are working to reduce their carbon footprints as regulatory, government, and investor pressures increase.
Market volatility continues as investors absorb and respond to concerns around inflation, war in Ukraine, rising interest rates, and other factors.
It’s been a rocky couple of weeks for carbon allowances markets, particularly in Europe as the conflict in Ukraine has driven volatility, price declines, and sell-offs across industries and sectors, including in the futures market for carbon.
War in Ukraine is having many broader, unanticipated effects in global markets, and one recent casualty has been the carbon markets.