The EU’s chief Brexit negotiator, Michel Barnier, in Brussels last week. (PA)
EU carbon allowances (EUAs) were trading below €16 per ton ($18.1/t) on Wednesday, roughly €10/t lower than the highs seen in September and a long way from the level needed to incentivise fuel switching from coal to gas in power generation on a large scale.
The benchmark December 2018 contract was trading at around €15.6/t on the ICE exchange at the time of writing on Thursday – more than €3/t lower than last Thursday’s close. The contract closed above €25/t...
- 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
