EU Carbon Extends Gains as Gas Jumps and Nuclear Output Falters

European carbon prices extended a week-long gain, with surging natural gas costs, weaker nuclear power supply and forecasts for colder weather expected to drive demand for emissions permits.

Benchmark carbon allowances rose as much as 2.2% on ICE Endex on Thursday, reaching the highest since mid-2023. Prices have climbed in all but one session this month, and are up more than 6% since the start of the year, topping €90 a ton.