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European carbon prices plunge to 28-month lows

February 13, 2024 Comments Off

European carbon permits slumped to multi-year lows on Feb. 13 as demand from the power and industrial sectors remained in the doldrums. EU Allowances under the bloc’s Emissions Trading System were trading at a 28-month low of Eur56.52/mtCO2e ($60.55/mtCO2e) at 16:41 GMT on Feb. 13, according to data from the Intercontinental Exchange. Platts, part of S&P Global Commodity Insights, assessed…