EU Allowances ended the week up +2.37%, with December 2025 EUA futures settling at EUR 70.39 per tonne and spot EUAs at EUR 69.35 per tonne. Last week, the market bounced from Monday’s lows (EUR 66.70/t per tonne) to a weekly high at EUR 71.76 per tonne on Thursday, but failed to break through resistance and corrected into Friday’s close. Will the news over the weekend, a potential meeting between Ukrainian President Volodymyr Zelenskyy and Russian President Vladimir Putin, “US claims about ‘substantial progress’ after trade talks with China” create a more optimistic environment?