Gas-carbon correlation weakens further as fundamentals diverge

Financial players active in the EU carbon market have started curtailing positions while increasing bets on natural gas, amid a tightening fundamental energy picture and a mood shift from investors in EU Allowances. This comes amid a sharp rise in volatility over recent weeks as heightened geopolitical instability and cold snaps in the US and Europe amplified gas prices, while carbon has moved toFinancial players active in the EU carbon market have started curtailing positions while increasing bets on natural gas, amid a tightening fundamental energy picture and a mood shift from investors in EU Allowances. This comes amid a sharp rise in volatility over recent weeks as heightened geopolitical instability and cold snaps in the US and Europe amplified gas prices, while carbon has moved toRead More