EU carbon prices drop to 7-week low as traders unwind positions

European carbon prices fell to their lowest since early December in the week ending Jan. 30 as geopolitical nerves prompted traders to liquidate positions. EU Allowances were trading at Eur82.95/metric tons ($99.13/mt) of CO2 equivalent at 0950 GMT, according to the Intercontinental Exchange, a 6.2% weekly drop. “[The market is] still recovering from the shocks of last week,” a UK-based carbonEuropean carbon prices fell to their lowest since early December in the week ending Jan. 30 as geopolitical nerves prompted traders to liquidate positions. EU Allowances were trading at Eur82.95/metric tons ($99.13/mt) of CO2 equivalent at 0950 GMT, according to the Intercontinental Exchange, a 6.2% weekly drop. “[The market is] still recovering from the shocks of last week,” a UK-based carbonRead More