Price of EU carbon credits soars to 14-year high
Traders bet on increased demand for the instruments following politicians’ ‘green recovery’ pledges
The price of EU carbon credits soared to its highest level in 14 years on Monday, gaining as much as 5 per cent as traders bet that politicians’ promises of a “green recovery” would increase demand for the instruments. The credits — regulatory allowances for carbon emissions that can be bought and sold by companies — surged above €30 a tonne for the first time since 2006. In afternoon trading, they came within 20 cents of the all-time high of €31 set in April of that year, according to Eikon figures.
https://www.ft.com/content/ab7abf9f-...8-96a4c0727603
Traders bet on increased demand for the instruments following politicians’ ‘green recovery’ pledges
The price of EU carbon credits soared to its highest level in 14 years on Monday, gaining as much as 5 per cent as traders bet that politicians’ promises of a “green recovery” would increase demand for the instruments. The credits — regulatory allowances for carbon emissions that can be bought and sold by companies — surged above €30 a tonne for the first time since 2006. In afternoon trading, they came within 20 cents of the all-time high of €31 set in April of that year, according to Eikon figures.
https://www.ft.com/content/ab7abf9f-...8-96a4c0727603
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