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EU carbon price hits all-time high of Eur99.14/mtCO2e

August 20, 2022 Comments Off

Carbon allowance prices under the EU Emissions Trading System hit an all-time high of over Eur99/mtCO2e Aug. 19, as a cut to auction supply in August combined with bullish demand. EU Allowance futures contracts for December 2022 delivery rallied as high as Eur99.14/mtCO2e ($99.70/mt) on Aug. 19 — the highest intraday price ever recorded for the nearest-December futures contract on…