Commentary: Turning tides for European carbon
One year ago, the cost of emitting one ton of carbon in Europe reached an all-time high of €100/t. European carbon allowances have recently been trading at close to half of that level. But a price recovery is on the cards.
It’s the economy, stupid Like in any other commodity market, prices respond to changes in supply and demand. In carbon markets, demand is fundamentally guided by emissions - and they are down in the sectors covered by the EU emissions trading system. Subs...
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