Euro Markets: EUAs claw back losses after sharp sell-off in response to REPowerEU approval vote

EUA prices partially clawed back losses on Tuesday, erasing a sharp late-morning sell-off after the European Parliament approved the REPowerEU package that will see €20 billion worth of EUAs sold into the market through to 2026, while energy markets rallied after gas margins were said to have risen close to fuel switching levels on Monday.