CRU sees EU carbon price rising in August on higher power demand, weak wind output

• CRU forecast EU carbon prices rising in August on higher power demand, weaker wind output, subdued nuclear generation.
• EUAs ended July near € 81/tCO₂, broadly matching CRU’s ~€ 80/tCO₂ call as wind improved m/m but stayed below norms.
• EU ETS review sparked a brief rally, then reversed as proposals removed automatic MSR cancellations above 400 million surplus allowances.
• CRU base case sees no meaningful gas-to-coal switching in August as gas, coal prices are expected to fall comparatively.
• Above-average temperatures are projected to lift cooling demand, tightening power-market fundamentals even without fuel-switching support.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CRU International Limited published the original content used to generate this news brief on July 31, 2026, and is solely responsible for the information contained therein.