Germany’s Lippendorf coal-fired power plant. (Vattenfall)
Prices for EU carbon allowances (EUAs) have risen by about 150% since the start of the year, restoring faith in a system many had written off.
Exactly one year ago, EUAs were trading below €6 per ton ($6.94/t) and many doubted if the EU’s Emissions Trading System (ETS) would ever be fit to incentivise fuel switching and trigger investment in clean power. Twelve months later, and EUAs are trading above €20/t – the highest level in 10 years – and the consensus is...
- You have reached an article available exclusively to subscribers
- 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!
- Get a free trial Already a subscriber? Sign in
