Euro Markets: EUAs post largest weekly fall in two years amid continued political turmoil

EU allowance prices posted their largest weekly loss in two years, as traders continued to cut carbon positions, assessing the various comments made by EU leaders on Thursday, with many participants noting that the political interventions did not add to a sense of certainty around either the near-term or longer-term prospects for the ETS; UKAs recorded their largest weekly fall since late 2022.