Euro Carbon Permits Rise to Record… Bloomberg…

November 16, 2021 by Jim Colburn Leave a Comment

Rachel Morison and Will Mathis, Bloomberg, cover the record price of European carbon permits, here:

”European carbon futures climbed to a record, following an agreement at the COP26 summit that seeks to reduce the use of fossil fuels and boost nations’ climate targets.

Benchmark prices rose as much as 5.9% to a record 66.97 euros ($76.25) a metric ton on ICE Endex on the first day of trading after the summit in Glasgow, Scotland. Making polluters pay for carbon permits is seen as a key way to cut emissions in Europe, and the European Union plans to extend the bloc’s trading scheme to more sectors.”

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