European carbon contracts (EMISS) have today knocked out historic peaks at €100. The driving force behind the quotations continues to be low TTF gas prices, which are driving industrial activity on the Old Continent.
Demand for coal contracts is rising in the expectation that falling natural gas prices may prompt the industrial sector to resume production that was curtailed or shut down due to soaring energy costs last year. At the same time, the prospect of tighter climate regulations means that emission rights may be less available, discouraging market participants with surplus allowances from selling them. The EMISS market is a key aspect of Europe's long-term explicit decarbonisation plan.
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile app
Although sentiment around the industrial sector in Euroland remains at very low levels, we are seeing the first signs of a rebound, which bodes well for the Emiss market. Source: S&P Global
EMISS contract quotes. Source: xStation 5
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
