24/11/2025 – COP30: The thirtieth climate conference has closed, a disappointment over the final text deemed unambitious by the EU delegation. Read more news

GAS & POWER: The announcement of progress made over the weekend on the peace plan between Russia and Ukraine pushes gas markets below the psychological threshold of 30 €/MWh this morning. However, lengthy discussions will be necessary to reach an agreement that is not yet a foregone conclusion, while the Union's position on a possible resumption of Russian gas supplies is unclear.

EUAs: COP30 in Belem closed without satisfactory results, where an understanding on the fossil fuel transition plan could not be reached. Clear disappointment emerges from the European delegation, which considered the results achieved to be unambitious, and the risk that it could increase political isolation on the issue in the upcoming negotiations.