European carbon extends gains
26 Jul 2013
The European market is having a stellar run, in particular EUAs, which had their ninth straight gain, something that hasn’t been seen for five years. OMFinancial reports:
While we wouldn’t be yelling “bull market” from the tops of wind farms given it’s almost holiday mode for Europe and a slowdown in available EUA auctions is contributing to the gain, but it’s a pretty impressive result for a market that is “totally” oversupplied with carbon.
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