Carbon emission prices have soared through December to record highs above 90.00, driven by strong technical buying and measures announced by Germany's new coalition government to align Germany's decarbonization pathway to 1.5C. In November, representatives of the German ruling party announced that they would not allow prices to drop below €60.00. This contributed to the acceleration of the upward move and as a result price broke above psychological limit of €80.00. In addition, the ongoing economic recovery, higher gas prices and diminishing omicron concerns have also positively impacted the price of coal.
EMISS price surged more than 525% since March 2020. Source: xStation5
Daily Summary: Wall Street Under Pressure as U.S. Bond Yields Rise Above 5%
Wall Street waits for the Fed
Saudi Arabia announces the cancellation of part of its September oil shipments to Europe🚢
Will Trump dissuade Fed from a rate hike? [FOMC Preview]
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.