EU Carbon Price Surges Past $100 ...Middle East

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EU Carbon Price Surges Past $100
source : OILPRICE ( Middle East ) () 22
The price of carbon dioxide on the European Union emissions market hit a record high of 98.30 euros per ton, or $104, as Europe braces for a cold spell and a forecast for low wind power output. “Temperatures in Northern Europe are actually now forecasted to go below seasonal averages next week, which might instigate utilities to increase their hedging activities,” one carbon emissions trader told Reuters. Earlier this year, Reuters reported that analysts expected carbon prices in the EU to trend higher this year and the next two…

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