Page 100 - 2025 HEG Daily Energy Market Report

CARBON (€/T)
FRI MON VAR D-1 VAR W-1 AVG. MAX MIN
6/2 9/2 FROM THE BEGINNING OF THIS YEAR
CO2 EUA DEC 2026 78.73 81.35 2.62 -1.93 86.61 92.24 78.20
CO2 EUA DEC 2027 80.88 83.55 2.67 -2.06 89.06 94.80 80.38
CO2 EUA DEC 2028 83.37 86.06 2.69 -2.19 91.83 97.73 82.83
CO2 EUA DEC 2029 86.18 88.94 2.76 -2.34 95.02 101.04 85.68
UK ETS DEC 26 EUR 65.32 66.42 1.1 -6.32 76.54 84.02 65.32
UK ETS DEC 27 EUR 68.12 69.26 1.14 -6.6 79.84 87.61 68.12
UK ETS DEC 28 EUR 71.39 72.52 1.13 -6.99 83.56 91.46 71.39

European carbon prices strengthened on Monday after technical momentum
encouraged buyers to challenge resistance levels, despite a subdued auction,
while attention turned to upcoming Commitment of Traders figures.
Consequently, the EUAs expiring in Dec-2026 soared by 3.3% to 81.35
EUR/tonne.

CO2 EUA

EXCHANGE RATES

FRI MON VAR D-1 VAR W-1 AVG. MAX MIN
6/2 9/2 FROM THE BEGINNING OF THIS YEAR
RATE EUR/USD 1.1794 1.1886 0.0092 0.0046 1.1751 1.1974 1.1617
RATE EUR/GBP 0.8679 0.8701 0.0022 0.0043 0.8680 0.8744 0.8616
RATE GBP/EUR 1.1522 1.1493 -0.0029 -0.0057 1.1521 1.1606 1.1436

The EUR/USD pair increased by 0.8% to 1.1886, as the greenback fell after
reports that Chinese authorities urged financial institutions to cut exposure to
U.S. Treasuries amid heightened bond-market volatility.

The EUR/GBP rate added 0.3% to 0.8701 supported by improving eurozone
investor sentiment and a weaker pound. The Sentix Investor Confidence Index
for the euro area turned positive for the first time since July, rising to 4.2 in
February from -1.8 in January, alongside firmer optimism toward Germany and
the global outlook. Meanwhile, the pound weakened amid renewed UK political
uncertainty.