Project Insights
Higher EU carbon prices trigger switch to gas
High carbon prices in the EU are helping gas to push coal out of the region’s power mix High carbon prices in the EU are helping gas to push coal out of the region’s power mix.
1 hour ago
0
34390
A recent bull run in prices for EU carbon allowances has boosted the profitability of gas-fired power compared with coal across Europe.
The price of EU carbon allowances rallied this week after Germany signalled it may cancel a number of allowances as part of its planned phase-out of coal-fired power plants. The benchmark December 2019 contract was trading above €28 per ton on the ICE exchange on Friday morning, its highest level in 11 years and...
Great choice of article...
but you need a subscription for full access.
but you need a subscription for full access.
Stay informed with exclusive, accurate and up-to-date energy news, analysis and intelligence. Sign up for 7-day trial access to this and more premium content. It's free!
Already a subscriber? Sign in
