EU ETS prices rally on cold weather and high gas prices
Rising prices have added to concerns over CBAM impact on the competitiveness of EU manufacturing
EU emissions trading scheme (ETS) allowance prices hit a one-year-high of €84.35/tCO₂e ($68.13/tCO₂e) in early February amid cold weather and high gas prices. Prices have risen by around 30% since December, although they remain below the levels that many CCS project developers in Europe deem necessary to drive investment in emissions abatement, widely regarded as at least €100/t. Recent price increases were also linked to a suspension of allowance auctions during the holiday period. Auctions returned on the 7 January, but the additional supply has not yet depressed prices. “Fuel-switching and weather are critical drivers” Vertis Environmental Finance Higher gas prices have meant gas-
Also in this section
11 February 2025
Rising prices have added to concerns over CBAM impact on the competitiveness of EU manufacturing
7 February 2025
Norwegian energy company slashes spending on low-carbon sectors as transition decelerates
30 January 2025
The UAE’s oil and gas company puts its faith in technologies including CCS and AI to deliver its emission-reduction goals
27 January 2025
Regional state-owned firms are transforming their strategies and leveraging their resources to position themselves as clean energy powerhouses, and to ensure they maintain influence in a low-carbon world
