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Policy & Regulation

EU carbon in 2019 – year of delivery for gas?

EU carbon prices surged in 2018, outperforming all other commodities, and the gas sector is hopeful the bull run will continue in 2019 EU carbon prices surged in 2018, outperforming all other commodities, and the gas sector is hopeful the bull run will continue in 2019.
By Andreas Walstad 7 January 2019 Europe & Russia / Policy & Regulation 0 33807
Centrica's Brigg gas-fired power plant in the UK. (Centrica)

This could be the year that EU carbon prices shoot up to fuel-switching levels, but Brexit and overlapping policies at national and EU levels mean downside risks remain.

Depending on whom you listen to, prices for EU carbon allowances will either stay at around €20 per ton ($22.7/t) this year, rise to more than double that level, or land somewhere in-between.   

The lack of consensus among analysts is down to a number of factors. Not least of these...