Subscribe  Log in | Register | Advertise | Digital Issue   |   Search
  • CCUS
  • Cap & Trade Markets
  • Voluntary Markets & Offsets
  • Corporate & Finance
  • Net Zero Strategies
Search
Related Articles
Traders expect more carbon border taxes
EU’s Cbam model likely to be replicated as national emission reduction schemes move at different speeds, global trading companies say
BP and CNPC explore Hainan CCUS project
European oil major agrees to work with CNPC as Chinese state company seeks international partnerships to grow deployment of CCUS
EU net-zero act prioritises CO₂ storage
Package of regulatory proposals sets 2030 storage target as EU jostles for position in global green technology race
China weighs response to EU carbon border tax
CBAM expected to have significant long-term impact on trade with EU, warns speaker at country’s annual parliamentary session
EU ETS reaches record highs
Utility hedging and a tighter supply-demand balance are boosting prices, but falls still expected later in year
EU ETS revisions close to becoming law
Final shape of the law endorsed by European Parliament with only EU Council endorsement remaining
EU approves €1.1bn Danish CCS support scheme
State government offers 20-year CfD to support deployment of carbon capture as key decarbonisation tool
EU reaches agreement on ETS revision
New scheme for transport and buildings paired with tighter cap in existing system
Coal use increases, but investment lags
High levels of demand are not translating into greenfield investments due to climate policies
EU agrees carbon border tariffs
Carbon border adjustment mechanism will begin test period in 2023 and phase in slowly over course of the decade
EU ETS prices head towards €100/t
Carbon prices Carbon permits Gas Coal EU
Alessandro Vitelli
8 December 2021
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

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

Welcome to the PE Media Network

PE Media Network publishes Petroleum Economist, Hydrogen Economist and Carbon Economist to form the only genuinely comprehensive intelligence service covering the global energy industry

 

Already registered?
Click here to log in Subscribe now
to get full access Register now
for a free trialAny questions?
Contact us

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
High costs threaten DAC potential – BCG
9 June 2023
Paradigm shift by governments and other stakeholders needed to bring down costs and unlock investment in key carbon removal technology, says Boston Consulting Group
Germany launches carbon CfD scheme
6 June 2023
Government expects to budget more than €10bn for subsidy programme in response to US IRA
ExxonMobil signs CCS deal with steelmaker Nucor
2 June 2023
Oil major sees CCS for third parties as a ‘compelling’ business as latest contract takes total portfolio to 5mn t/yr
Realistic hope should be the legacy of Cop28
Opinion
1 June 2023
The appointment of the UAE’s Sultan Ahmed al-Jaber as Cop president has drawn criticism from some quarters, but progress on the energy transition will require cooperation, not conflict

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
  • Twitter
Tweets by Carbon Economist
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2023 The Petroleum Economist Ltd
Cookie Settings
;

Search