Even though carbon markets are being demonised under president Donald Trump …and markets are behaving like cowardly humans in the elite under his leadership…the energy transition seems safe.

Staying close to all-time highs on Jan. 29

Past six months

The cool-off in the price kicked in right after that January twenty-ninth spike— some profit-taking by traders who rode the hype.

ChatGPT beware: China slowed down for Lunar New Year, inventories rebuilt, and that tariff scare? Folks front-loaded buys expecting U.S. duties on refined stuff, but once it looked delayed or softer, the urgency faded.

Speculation overheated too—prices overshot fundamentals, like AI demand wasn’t matching the frenzy yet.