Page 80 - 2025 HEG Daily Energy Market Report

CARBON (€/T)
FRI MON VAR D-1 VAR W-1 AVG. MAX MIN
13/2 16/2 FROM THE BEGINNING OF THIS YEAR
CO2 EUA DEC 2026 70.68 69.18 -1.5 -12.17 84.63 92.24 69.18
CO2 EUA DEC 2027 72.62 71.09 -1.53 -12.46 87.01 94.80 71.09
CO2 EUA DEC 2028 74.82 73.28 -1.54 -12.78 89.72 97.73 73.28
CO2 EUA DEC 2029 77.39 75.83 -1.56 -13.11 92.82 101.04 75.83
UK ETS DEC 26 EUR 52.20 53.36 1.16 -13.06 73.17 84.02 52.20
UK ETS DEC 27 EUR 54.45 55.60 1.15 -13.66 76.32 87.61 54.45
UK ETS DEC 28 EUR 57.04 58.20 1.16 -14.32 79.88 91.46 57.04

European carbon prices continued to decline to hit a new 8-month low on
Monday, as concerns over the future of carbon pricing is uncertain. As a result,
the December 2026-expiry contract fell by 2.1% to 69.18 EUR/tonne.

CO2 EUA

EXCHANGE RATES

FRI MON VAR D-1 VAR W-1 AVG. MAX MIN
13/2 16/2 FROM THE BEGINNING OF THIS YEAR
RATE EUR/USD 1.1862 1.1855 -0.0007 -0.0031 1.1769 1.1974 1.1617
RATE EUR/GBP 0.8716 0.8690 -0.0026 -0.0011 0.8684 0.8744 0.8616
RATE GBP/EUR 1.1473 1.1507 0.0034 0.0014 1.1516 1.1606 1.1436

The Euro fell both against the U.S. dollar and the British pound on Monday
amid no news of ECB policy updates. Hence, the EUR/USD rate decreased by
0.1% to 1.1855 on Monday. Sterling also increased relative to the Euro on
Monday amid improved UK data Consequently, the EUR/GBP closed 0.3%
lower at 0.8690.