EU ETS prices head towards €100/t
EU carbon prices surge to record levels
Number of investment funds active in EU ETS market up 50pc in 2021, exchange data shows
European carbon prices have risen by a third in the last three weeks, from €65/t ($73/t) to a record €87/t, mainly on increased buying by speculative and financial traders. EU carbon allowances (EUAs) have nearly trebled in price over the course of 2021, reflecting for the most part a steady increase in the theoretical fuel-switching level that drives utilities to switch off coal plants and generate power using natural gas. Natural gas prices rose over the first half of the year amid an extended winter heating season in Europe, with key exporter Russia accused by some of holding back additional supply amid delays to startup of the Nord Stream 2 pipeline to Germany. Benchmark front-month TTF
Also in this section
13 December 2024
Prices in world’s largest compliance market have risen this year but remain below those seen in the EU
11 December 2024
Policymakers need to step up with a long-term, global strategy if the energy transition is ever to be a success
11 December 2024
CCUS and other carbon management technologies are gaining traction around the world, but heightened policy risk and other pressures will make 2025 a challenging year in some regions
10 December 2024
Tightened standards have helped improve the outlook for the voluntary carbon market, which is set for a record year and poised for long-term growth
