Euro Markets: EUAs post weekly 1.8% gain as “back to school” mood spreads over market

There was a "back to school" feeling about the carbon market during the week as volumes and prices rose to six-week highs, and Friday was no exception as the market ended the week 1.8% higher after EUAs rose 0.8% amid what some participants said was short-covering after recent increases in short positions ran into robust bid support at €82.00 and later €83.00.