Shipping & Ports
EU ETS Carbon Market Retains Upward Momentum Amid Gas Price Gains
Rising gas prices and carbon allowance gains continue to shape the maritime sector under the European Union emissions framework, according to Intermodal.
The European Union Emissions Trading System is projected to exert both immediate and extended pressure on the maritime industry following recent increases in natural gas prices.
According to a weekly market analysis from shipbroker Intermodal, the market for European Union Allowances continued its climb through August.
This sustained upward trajectory developed despite the subdued trading activity and reduced market liquidity usually experienced throughout the holiday period.
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