EU emission allowances prices down due to higher coal to gas switching

The latest annual report by ESMA shows that EUA prices declined in 2023 after reaching 100 EUR/tCO2 for the first time in February. Price developments were mainly driven by a weak economic activity weighing on demand, increased coal-to-gas fuel switching and higher renewable energy production along with EU climate policies. The EUA forward curve flattened amid a falling yield environment and […]