威力彩玩法

News Digest Item
16 Jul 2018

Price of EU ETS emission allowances rises

Frankfurter Allgemeine Zeitung

Allowances for emitting a tonne of CO2 have tripled in price, reaching nearly 16 euros on the European Energy Exchange on Friday, the Frankfurter Allgemeine Zeitung writes. The rise follows trading being at around 5 euros a year ago. Rolf Schmitz, head of utility RWE, draws the conclusion that higher prices for CO2 allowances would reduce emissions from fossil power plants automatically so that a 鈥渟ymbolic end date鈥 for coal wasn鈥檛 going to be necessary, author Andreas Mihm reports. J枚rn Higgen, trade expert at energy company Uniper, attributes the increase to recent reforms to the EU ETS, including a forthcoming deletion of excess certificates on the market. 鈥淚n anticipation of this shortage, market participants have apparently begun to acquire carbon credits,鈥 he said.

For background, read the factsheet Understanding the European Union鈥檚 Emissions Trading System.

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